Two unit located at 3134 Fairmount St in the heart of Los Angeles. Though currently condemned by the city due to a partial fire incident in the front unit, this distressed property brims with potential. With the front unit requiring reconstruction, there's a chance to design and build from the ground up, tailoring the property to suit your desires and contemporary living needs. The back unit will be delivered with the tenant in place.
The current ownership has owned the subject property since 1987. Currently the property is occupied by three (3) tenants & one (1) billboard lease. All the current tenants are on a Month-To-Month lease term. Current annual rental income is estimated to be $53,084.00. The property has an easement or right of way over the neighboring property, making parking in the rear accessible. 3009 Wabash Avenue is opportunity to purchase a multi-tenant street retail/commercial single-story building that consist of 3,850+/- square feet located on a lot size of 9,338+/- square feet of semi-improved land zoned “C2” Commercial Zone, with 70 linear feet along Wabash Ave. C2 zoning provides a wide range of uses, for example any use permitted in the C1.5, C1 and CR, Carpenter, plumbing or sheet metal shop, Catering shop, Interior decorating or upholstering shop and Restaurant. Retail Repositioning Opportunity: With the potential to construct up to 25 residential units, there is a significant opportunity for retail repositioning. According to the Los Angeles City Planning guidelines, projects considering an affordable housing component can benefit from several incentives allowing for an increase in density without requiring a zone change or a variance. These incentives include the TOC program or the State Density Bonus Program. Under the TOC program, 100% Affordable Housing Projects can potentially elevate their Tier designation. For instance, instead of its current Tier 1 designation, this property might qualify for Tier 2. According to TOC Guidelines, the Tier 2 increase in density could reach up to 40%. Don't let this exceptional investment opportunity slip away. Contact us today to explore the potential of this prime commercial property. Location Overview Located just minutes from Downtown L.A., Little Tokyo, and the Arts District, 3009 Wabash Ave, Los Angeles, CA 90063 is situated on a nearly 9,338 SF lot with C2-1-CUGU, Tier 1 T.O.C. Zoning, offering the possibility of future development. The offering benefits from ample parking, a 94 Walk Score, over 8,494 cars passing by daily, and is situated in the high-density rental market of Boyle Heights.
Amazing Trophy Rental Property Opportunity with Commanding DTLA VIEWS and Stellar Income Producing Units at an Impressive 6% Cap Rate! Step inside this Remodeled Gated Electronically Controlled Multi-Unit Property with Breathtaking UNOBSTRUCTED Downtown Los Angeles City Views!! This Amazing Property Boasts a Detached Front House consisting of 3 Bedrooms, 2 Recently Updated Full Baths, Located on a Spacious Parcel/Compound that includes an Outdoor BBQ/Patio Area and a Separate Detached Updated Multi-Unit Dwelling for a Total of 3 Units! Embrace yourself and enjoy the Stunning Viewing Deck Entrance with Access to the Property's French Doors Leading into a Living Room/Dining Room/Chef's Kitchen Open Floor Plan that Enjoys the Dynamic Los Angeles Downtown Views! The Chef's Kitchen includes incredible Line of Sight with an Attractive Breakfast Bar and Stainless-Steel Appliances. Additional Notable Features include: Quartz Counter-tops, Remodeled Bathrooms, Newly Installed Floors, Washer/Dryer, Newly Installed Windows, Tankless Water Heater and Newly installed A/C/Heat! Also a Private Remote-Controlled Garage! The Private Detached Back House Duplex Dwelling Consists of a 2 Bedroom, 1 Bath House with a 1 Bedroom, 1 Bath lower unit. These units have been recently Remodeled with Newly Installed A/C/Heat, Newer Flooring, Newer Windows, Newly Designed Bath Areas, and Spacious Bedrooms! The Sunny and Bright Culinary Kitchens with Breakfast Eating Areas have Newly Installed Cabinetry, Stainless Steel Sinks, Granite Countertops, Newly Installed Appliances, Newly Installed Tankless Water Heaters, Washer & Dryer, Spacious Closets and Newly Installed Custom Fan/Light Fixtures. There is also convenient Access from the Chef's Kitchen to the Outside Patio Area that is Bamboo Wrapped and Designed for your Privacy Al-Fresco! Incredible Turn-Key Asset, Perfect for Owner-User Investor and/or Investor Exchange Opportunity!
Seller is willing to work with buyers agents. Located in the sought-after Boyle Heights neighborhood directly across the iconic 4th St Bridge minutes from DTLA this home exudes potential and charm. With 728 sq ft of living space situated on a 2000 sq ft lot, Along with a generous-sized basement which offers additional space for storage or customization. This property presents a prime opportunity for investors or owner-occupants alike.""This property is being sold 'as is,' and the seller and listing agent make no warranties or guarantees regarding its condition, compliance, or status, including open violations with LADBS. Buyers and their agents are responsible for conducting their own investigations and due diligence. By purchasing the property, buyers agree to hold the seller and listing agent harmless from any liability related to the property's condition or compliance. "Seller has not occupied the property and makes no guarantees. Buyers and agents are responsible for verifying all aspects of the property and are advised to conduct a professional home inspection. It is recommended that buyers and agents verify all square footages, permits, and information with the City to ensure accuracy. The property is being sold 'AS IS.' Buyers should verify all MLS information, including permits, bed/bath counts, and square footage, and investigate all aspects of the property for accuracy." No blind offers all showings will be verified by SUPRA lock box. Please reference Agent Remarks regarding Violations.
Back on the Market, Recently Renovated, And Ready! Three Units available now in East Los Angeles area, perfect opportunity for a homeowner moving into one and seeking additional rental income from the other 2 units or an investors looking for a profitable rental property. The front and first unit has been recently renovated and completely gutted.. It features, new flooring, fully renovated kitchen and bathroom, new electrical, Plumbing, water heater and will be delivered vacant. - currently The second unit Is attached to the front unit and features an additional 2 bedroom/ 1 bath and is now currently occupied. The Third unit is a detached 2 bedroom/ 2 bath property also currently being occupied with long term tenants. Only front unit is vacant is available for showing. Please show and submit offer subject to inspection of the other two units. Only those that have submitted offers will be able to view back Units. Contact me for rent rolls ++ NOTE++
Massive price reduction. Seller wants it sold!! Come check out this fantastic triplex, currently operating as a non-conforming quadruplex. There are 3 2bedroom 1bath units and a 3bedroom 1.5bath unit. Two of the 4 units have brand new kitchen cabinets and counter tops. All units have washer and dryer hookups. Situated in a prime Los Angeles City Terrace/Boyle Heights location, this property is conveniently near key amenities and attractions, including the USC Hospital, Dodgers Stadium, El Mercadito, Placita Olvera, Downtown Los Angeles, just north of the Citadel Outlets & Cal State LA. Commuting is a breeze with easy access to the 5, 10, 60, and 710 freeways.
Fantastic Investment Opportunity: Mix-Use Property with Strong Income Potential Welcome to this exceptional income property, perfectly suited for savvy investors seeking a lucrative opportunity. Currently configured as four units, this versatile mix-use property offers a range of income streams and potential for expansion. Property Highlights: Fully Renovated Upstairs Apartment: Enjoy modern living in the tastefully renovated 3-bed, 1-bath upstairs apartment, offering spacious accommodations and contemporary amenities. Established Hair Salon: A long-standing anchor tenant, the established hair salon provides steady rental income and adds value to the property. Owner-Occupied Unit: The property includes a comfortable 1-bed, 1-bath unit ideal for an owner-user or as additional rental income. Studio Apartment: A cozy studio apartment completes the current rental offerings, providing diversity in tenant options. Expansion Potential: With ample space on the lot, there's exciting potential to expand the property and add more units, maximizing the income potential. Don't miss out on this exceptional opportunity to own a lucrative income property with endless potential. Schedule a viewing today and unlock the possibilities! Buyer to verify SqFT & units
Fantastic Investment Opportunity: Mix-Use Property with Strong Income Potential Welcome to this exceptional income property, perfectly suited for savvy investors seeking a lucrative opportunity. Currently configured as four units, this versatile mix-use property offers a range of income streams and potential for expansion. Property Highlights: Fully Renovated Upstairs Apartment: Enjoy modern living in the tastefully renovated 3-bed, 1-bath upstairs apartment, offering spacious accommodations and contemporary amenities. Established Hair Salon: A long-standing anchor tenant, the established hair salon provides steady rental income and adds value to the property. Owner-Occupied Unit: The property includes a comfortable 1-bed, 1-bath unit ideal for an owner-user or as additional rental income. Studio Apartment: A cozy studio apartment completes the current rental offerings, providing diversity in tenant options. Expansion Potential: With ample space on the lot, there's exciting potential to expand the property and add more units, maximizing the income potential. Don't miss out on this exceptional opportunity to own a lucrative income property with endless potential. Schedule a viewing today and unlock the possibilities! Buyer to verify SqFT & units
Fantastic Investment Opportunity: Mix-Use Property with Strong Income Potential Welcome to this exceptional income property, perfectly suited for savvy investors seeking a lucrative opportunity. Currently configured as four units, this versatile mix-use property offers a range of income streams and potential for expansion. Property Highlights: Fully Renovated Upstairs Apartment: Enjoy modern living in the tastefully renovated 3-bed, 1-bath upstairs apartment, offering spacious accommodations and contemporary amenities. Established Hair Salon: A long-standing anchor tenant, the established hair salon provides steady rental income and adds value to the property. Owner-Occupied Unit: The property includes a comfortable 1-bed, 1-bath unit ideal for an owner-user or as additional rental income. Studio Apartment: A cozy studio apartment completes the current rental offerings, providing diversity in tenant options. Expansion Potential: With ample space on the lot, there's exciting potential to expand the property and add more units, maximizing the income potential. Don't miss out on this exceptional opportunity to own a lucrative income property with endless potential. Schedule a viewing today and unlock the possibilities! Buyer to verify SqFT & units
Fantastic Investment Opportunity: Mix-Use Property with Strong Income Potential Welcome to this exceptional income property, perfectly suited for savvy investors seeking a lucrative opportunity. Currently configured as four units, this versatile mix-use property offers a range of income streams and potential for expansion. Property Highlights: Fully Renovated Upstairs Apartment: Enjoy modern living in the tastefully renovated 3-bed, 1-bath upstairs apartment, offering spacious accommodations and contemporary amenities. Established Hair Salon: A long-standing anchor tenant, the established hair salon provides steady rental income and adds value to the property. Owner-Occupied Unit: The property includes a comfortable 1-bed, 1-bath unit ideal for an owner-user or as additional rental income. Studio Apartment: A cozy studio apartment completes the current rental offerings, providing diversity in tenant options. Expansion Potential: With ample space on the lot, there's exciting potential to expand the property and add more units, maximizing the income potential. Don't miss out on this exceptional opportunity to own a lucrative income property with endless potential. Schedule a viewing today and unlock the possibilities! Buyer to verify SqFT & units
Unlock the potential of this delightful fixer-upper, nestled in the heart of East Los Angeles. Boasting a single family home layout, this property offers a canvas for your dream abode. Situated conveniently near major freeways, shops, and restaurants, it ensures easy access to urban amenities while maintaining a serene ambiance surrounded by lush greenery. Whether you're a first-time buyer seeking a personal haven or an investor eyeing a lucrative opportunity, this home promises endless possibilities. Don't miss your chance to make this gem your own!
Hillside lot for Sale! This parcel includes plans to build a three-level Single Family Home! Plans show 1465 Sq. Ft. with 3 bedrooms, 2 bathrooms, 2 car garage with amazing views. Minutes from Downton Los Angeles, Cal-State University of Los Angeles, USC Medical Center. Conveniently close to Freeways. Lot to be sold with approved building plans and approved grading plans. Permits for grading included ready-to-start grading.
Price Adjustment Alert! Seize This Unmatched Investment Opportunity!Take advantage of this incredible deal on a highly sought-after multifamily investment property in vibrant East Los Angeles, now available at an attractive new price!Perfect for investors and visionaries, this property features two units brimming with potential: The front unit offers 3 generous bedrooms, 1 bathroom, and 1,459 sqft of living space, complemented by a spacious attached storage room--ideal for maximizing functionality. The back unit built in 1962, features 2 bedrooms and 1 bathroom, spreading across 1,569 sqft, designed to accommodate various living arrangements effortlessly.Prime Potential for Growth: With favorable zoning, this property stands out with the opportunity to add up to 2 Additional Dwelling Units (ADUs) enhancing rental income and property value. Whether you aim to maximize returns or prefer the flexibility of living in one unit while generating income from the other, the options are endless.Strategically located for ultimate convenience, the property offers seamless access to key freeways (10, 5, 710, and 60), making commuting a breeze for future tenants. This recent price adjustment creates a can't-miss opportunity to unlock the full potential of this gem, whether you choose to renovate, rent, or create a perfect multi-generational living space.Don't miss this golden chance to invest in one of East LA's most promising areas! Schedule your private viewing today and start envisioning your next lucrative project!
Record Avenue Apartments at 1006 Record Avenue is a private gated multi-family apartment complex in the heart of East Los Angeles. A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. This property would be an excellent opportunity for owners looking to upgrade to a larger rental property. Encompassing 12 fully occupied units with a mix of six two-bed/two-bath units and four two-bed/one-bath units, with ample land for two parking spaces for each unit, which is very rare in this area. Each 6 unit building can be sold separately for $1,750,000. Each building has one one-bed/bath ,two two/one-bath units and three two/two-bath units. Each building has its owner separate washer and dryer in a common area. The property is in a dense residential area of East Los Angeles, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Monterey Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard. East Los Angeles College is three miles away, drawing many students looking for housing to 1006 S Record Avenue. Record Avenue Apartments has hassle-free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile. Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi-family asset.
We are pleased to present an amazing individual or investor opportunity to acquire a residential view lot in the up-and-coming City Terrace neighborhood of Los Angeles County. The land offers Amazing views and is ideally located in the center of the soaring East Los Angeles market. With irreplaceable Downtown Views and dramatic hillsides, this East Los Angeles neighborhood is quickly becoming one of the most desirable residential locations in Los Angeles. With easy access to freeways, numerous employment options in Downtown Los Angeles, City and Skyline Views, and in close vicinity to California State University-Los Angeles and USC Keck Medical Center, City Terrace is currently experiencing rapid gentrification and an influx of young professionals. Fantastic opportunity for individual to build dream home or developer for spec project in up and coming City Terrace.
POSSIBILITY OF DELIVERING ALL UNITS VACANT.Excellent Income Producing Property. Good opportunity for the owner user, and investor to live in one and get income from 2 other units The property includes 3 units. Each unit has one bedroom and one bathroom. The front unit ( 843 N GAGE AVE) is VACANT and has a beautiful private yard, The back structure has 2 units. The upstairs ( 3727 1/2 Blanchard Street) unit is paying $2450 monthly. The downstairs unit ( 3727 Blanchard) is paying $2092.All units have been remodeled from the exterior and interior. All utilities are paid by tenants.
Opportunity to build!!!!Vacant Land, Lot Zoned LCR2*. This are two parcels to be sold together.... 5230-011-004 (3,570sqft) and 5230-011-005 (1,232sqft)
Development opportunity! Large flat area to park multiple commercial vehicles, this property is under the East LA Third Street Form -Based Specific Plan Transect Zone (CC) East LA Community Plan (SP) & Community Standard District (CSD) which will allow you 10 units permitted by right, property allows for mixed use commercial development. Close to Downtown LA, Arts District, Cal State LA University and 5, 10, 60, 710 fwys.
Panoramic Views - Heart of LA. Rare 80' of street frontage, moderate upslope, sidewalks amazing opportunity! Pre-Highly desireable planning progress included for over 3500 SF of Storage/Garage/Living space (2900 SF Interior + 628 Garage). Plans currently being resubmitted for approval.
This coin-operated laundry is a thriving and lucrative business with a robust cash flow, well established for almost 40 years. Situated in a densely populated rental neighborhood with close proximity to Cal State University of LA, the laundromat enjoys excellent visibility in a high-traffic area. It offers easy access for customers and boasts ample parking space. The Laundry has approximately 3,400 square feet with 40 washers and 48 Dryers, in excellent working conditions offering different capacities to meet customer’s needs. The facility comes with a vending machine for drinks and snacks. The laundromat provides a stable income stream in a vibrant community. Don’t miss the chance to own this thriving business - contact us today to explore this fantastic investment opportunity.
Permit is ready to build an ADU in the back yard 2273sf living area of 4 bedrooms and 4 bathrooms and 663sf of 4 car garage. Front existing house 590sf will be no change. Landlord will clear all the permit and city fees.
Nice lot located in a prime location. Per LA county zoned for mixed use, commercial, residential, fourplex. Check with LA county zoning for further details.
It is a beautiful triplex in East Los Angeles. This home welcomes a large formal dining room and a large family room with an upstairs loft that could be used as a bedroom. Please call for more details.
Great Investment Opportunity. Mixed Use Property. Current use is a restaurant in the front and residential units but best and approved use is retail/store/offices. Run your business in the front and rent out the other office spaces. All units currently occupied. Seller will do his best to deliver vacant or get a discount if you take them occupied. Ample parking in the rear of the property. Seller is motivated.
FRESH BACK ON THE MARKET! Buyer Did Not Perform. The best of both worlds: Old Spanish Charm and Modern Sophistication! All this in a sought-after City Terrace Hills Area, this duplex is oozing with lots of charm and curb appeal. Introducing this wonderful income opportunity in the high demand area of City Terrace. These Spanish Style Duplex have been completely freshly remodeled not too long-ago offering comfort living with modern & sleek contemporary upgrades, mini splits on both units, both units offer spacious kitchens, bathrooms, plenty of living space, lots of natural bright light throughout, + a huge basement & detached 2-car garage that can possibly be converted into an ADU? and a huge private backyard perfect for all your entertaining needs. Talk about location & proximity when you're just mins away from Downtown LA, the Arts District, Cal-State LA, freeways, and walking distance to transportation & schools! This beautiful income property is ideal for the long-term investment that is worth the wait in finding this gem. Seller has a termite report & completed work certificate on file.
The median home value in Los Angeles, CA is $603,300. This is lower than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $603,300. Approximately 32.7% of Los Angeles homes are owned, compared to 62.51% rented, while 4.8% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90063 has a population of 118,964. Los Angeles 90063 is less family-centric than the surrounding county with 30.41% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90063 is $54,629. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90063 is 32.7 years.
The average high temperature in July is 85.7 degrees, with an average low temperature in January of 46.9 degrees. The average rainfall is approximately 15.3 inches per year, with 0 inches of snow per year.