2319 2nd Avenue Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90018
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Pending
Purchase Type For Sale
Square Footage 7,042 sqft
Price per Sqft $170
MLS Listing ID CL24378001
Bedrooms 12
HOA Y/N No
Year Built 1921
Lot Size 0.289 Acres
Acres 0.29
Property Description
An incredibly rare 4-Unit Investment Opportunity in Jefferson Park, nestled on a Massive corner lot. This two-story Fourplex built in 1921, boasts 7,042+/-sqft of livable space and offers a desirable unit-mix of (2) 3 bedrooms/2 bath & (2) 3 bedrooms/1.5 baths. The formal living and dining room completes the spacious floor plans. The expansive 12,583+/-SF Lot Zoned for RD2 is prime for potential development, multiple ADU's or redevelopment into a larger residential complex subject to local regulations. Located in a revitalized district with rising property values and a strong demand for housing options. All units are tenant occupied with a generous rental upside $69,900/annually (+/-4.6% CAP Rate, +/-17.39 GRM). Add value opportunity with potential projected rental income of $153,600+/-/annually (+/-9.83% cap rate, +/-8.14 GRM). Gas & Electric are separately metered with a common building meter, and one water meter. Off-street parking can accommodate (8) spaces in rear. All on the same parcel, step outside to a tranquil front yard with grass for play and enjoy gardening at the community garden on the attached side yard- separate water meter attached to community garden- water consumption paid by LACGC. A thriving community with close proximity to West Adams, USC, DTLA, 10 FWY, Me
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Heating Floor Furnace
Cooling No Air Conditioning
Fireplace No
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 5059026028