$ 1,600,000
-
$1,600,000
Price -
6
Bed -
6
Bath -
3,736
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing PF069 - P18684
Don't miss this incredible investment opportunity to purchase two detached two triplexes together with five adjacent vacant land parcels listed under MLS # P1-27046 ( Parcel #5216-007-011, 012, 017, 010 & 022) , comprising approximately 2.15 acres in total, the properties are offered as one package for $2,000,000 and are zoned LARD5 in a prime El Sereno location near Alhambra! This two triplexes featuring six 1 bedroom & 1 bath units along with six detached single car garages, one assigned parking on driveway to each unit. 2408 N Eastern Ave has one unit is expected to be delivered vacant in July, and the Seller plans to remodel it, adding value and enhancing its rental appeal. 2410 N. Eastern Ave has two units have recently become vacant and have been remodeled. Both two triplexes have separate driveways providing direct access to their garages, with 1.82 acres the vacant land situated immediately behind them. The five adjacent parcels are included in the sale. Of the total purchase price, $400,000. is allocated to the land. The property features a substantial amount of flat and usable land, offering excellent potential for future development of multiple residential buildings etc. ( Buyer to verify all development possibilities with the City of Los Angeles ). Ideally located just minutes from California State University, LA, South Pasadena, Alhambra and DTLA, with convenient access to the 10, 110 and 710 major freeways, transit options, shopping, dining and other local amenities. A rare opportunity for investors, developers, or owner-users seeking immediate rental income with significant future development potential. Price to sell! The currently occupied units are rented at $1,200 per month, well below market, as the Seller has not increased the rents for many years. Comparable vacant units have an estimated market rental value of approximately $1,700 to $1,800 per month, offering excellent upside rental potential.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Residential
MLS ®
P1-27820
Year Built
1947
Total Square Footage
3,736
Lot/Acreage
0.33
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances: Gas Cooktop, Gas Oven, Gas Range
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces:
- Floor: Laminate,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Eat-in Kitchen,Sunken Living Room,Unfurnished,Bedroom on Main Level
- Water: Public
Exterior Details
- Lot Description: Sprinklers None,No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 6
- Zoning: LARD5
- Roof: Shingle
- Others: Updated/Remodeled,Stucco
- Sewer: Public Sewer,Sewer Tap Paid
- Parking Features: Assigned,Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5216007006
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
2408 N Eastern Ave Los Angeles, CA 90032
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
