Jeff Anderson
eXp Realty of California Inc
800-784-2616
Seize this rare chance to own a lucrative 4-plex priced at $750,000, just 1.3 miles from USC. With approximately 3,300 square feet, this property boasts an excellent unit mix featuring (3) 2-bed/1-bath and (1) 1-bed/1-bath units. Convenience is key, with four parking spaces and close proximity to Downtown Los Angeles. Ideal for first-time investors, this property is a "starter pack" offering the perfect opportunity to use a 5% down Fannie Mae loan. Additionally, its proximity to BMO Stadium (LAFC Stadium) adds to its allure. Anticipate a substantial annual gross rent of $59,436, making this 4-plex an outstanding investment choice. LAC2 flexible zoning could allow for unique development opportunity in the future, while taking advantage of the TOC program. Don't miss out on this gem in a prime location!
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1058219569 | 1 | 1 | 1 | 0 |
2 | 1058219569 | 1 | 2 | 1 | 0 |
3 | 1058219569 | 1 | 2 | 1 | 0 |
4 | 1058219569 | 1 | 2 | 1 | 0 |
Water Source : Public
Sewer : Public Sewer
Year Built: 1924
Building Area Total: 3,300
Parking
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.138
Lot Size Source: Assessor
Lot Size Square Feet: 6011
Original List Price: 750,000
Listing Contract Date: 2023-12-20
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5111024013
Lease Term: Negotiable
Tenant Pays: Electricity,Gas,Trash Collection
Source Listing Status: Active
Source Neighborhood: C42 - Downtown L.A.
Postal Code Plus 4: 1012
Directions: MLK and Main St
Zoning: LAC2
Source Property Type: Residential Income
Area: C42 - Downtown L.A.
Property SubType: Quadruplex
Property Age: 100
Common Walls: No Common Walls
Structure Type: Quadruplex
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
110 W 48th Street, Los Angeles, CA,90037 | $479,800 | 2 | 2 | 1,134 | 2400 Sqft |
4225 Van Buren Place, Los Angeles, CA,90037 | $849,900 | 4 | 2 | 1,645 | 5992 Sqft |
5116 S Budlong Avenue, Los Angeles, CA,90037 | $1,100,000 | 5 | 4 | 3,632 | 5520 Sqft |
232 W 49th Street, Los Angeles, CA,90037 | $699,999 | 4 | 2 | 1,744 | 5447 Sqft |
4125 S Figueroa Street .., Los Angeles, CA,90037 | $329,000 | 1 | 1 | 542 | 39267 Sqft |
3913 S Budlong Avenue, Los Angeles, CA,90037 | $1,699,000 | 6 | -- | 3,690 | 10432 Sqft |
602 W 40th Place #3, Los Angeles, CA,90037 | $1,799,999 | 10 | 5 | 3,692 | 6750 Sqft |
1115 W 41st Street, Los Angeles, CA,90037 | $929,900 | 3 | 2 | 2,182 | 6352 Sqft |
4529 S Vermont Avenue, Los Angeles, CA,90037 | $2,050,000 | 4 | -- | 6,750 | 8014 Sqft |
140 W 47th Street, Los Angeles, CA,90037 | $725,000 | 5 | -- | 1,740 | 5648 Sqft |
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ByOwner last updated this listing 05/30/2024 @ 12:31
MLS: PW24006462
LISTED BY: Jeff Anderson, eXp Realty of California Inc
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.