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In-PersonVirtual Tour
$ 750,000
Est. payment | /mo
6 Beds
4 Baths
8,674 Sqft Lot
$ 750,000
Est. payment | /mo
6 Beds
4 Baths
8,674 Sqft Lot
Open House
Sat Aug 08, 11:00am - 11:30am
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MB26161097
Bedrooms 6
Lot Size 8,674 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
FIXER*** FIXER***FIXER***FIXER*** VIEWING SATURDAY AUGUST 8 11AM TO 11:30 AM Value-Add Fourplex on Large R3-1 Lot in Lincoln Heights Built in 1913, this charming two-story Craftsman-style property has been converted into four one-bedroom, one-bathroom units. Rich in character and architectural appeal, the building presents an exceptional opportunity for investors seeking a value-add asset. The property requires substantial rehabilitation, making it ideal for buyers looking to renovate and maximize its long-term potential. It is subject to Los Angeles rent control, with long-term tenants currently in place, providing stable occupancy while offering future upside. Situated on a generous R3-1 zoned lot, the property may offer the potential to add two ADUs or two additional dwelling units, subject to buyer verification and approval by the City of Los Angeles. Located in the highly desirable Lincoln Heights neighborhood, the property is just 10 minutes from Downtown Los Angeles and enjoys convenient access to major freeways, public transportation, shopping, dining, schools, parks, and other neighborhood amenities. The area is well established and continues to benefit from ongoing investment and redevelopment, making this an attractive opportunity for investors with a vision. Property Highlights: Built in 1913 Two-story Craftsman-style building Four 1-bedroom, 1-bathroom units Significant rehabilitation needed Subject to Los Angeles Rent Stabilization Ordinance (rent control) Long-term tenant occupancy Large R3-1 zoned lot with potential for additional development (buyer to verif
Location
State CA
County Los Angeles
Zoning Assessor
Direction n of Main and East of Griffin Ave
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5210031019
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by FELIPE ACUNA, DRE#01066186 CENTURY 21 REALTY MASTERS
NEARBY SCHOOLS & PROPERTIES
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