Listing Agent: Carol Oliva      Broker/Office: LPT Realty, Inc
3501 3rd E Los Angeles CA 90063
$ 1,150,000
  7   |    3   |    2747 Sq Feet

Listing ID

#SR26154374

Status

Active

Property Type

Mixed Use

County

Los Angeles

Year Built

1961

Days on website

4

Description
Excellent mixed-use for own users and or investment opportunity in the heart of Boyle Heights! This income-producing fourplex features both commercial and residential units, each with its own address, offering flexibility and strong rental appeal. Long-term tenants provide stable income, with the option to deliver the property with or without tenants. Ideal for investors, owner-users looking to live in one unit while generating income from the others, or organizations such as churches, nonprofits, or similar associations seeking a versatile property (buyer to verify all permitted uses with the appropriate authorities). Conveniently located near Downtown Los Angeles, major freeways, shopping, and dining. A rare opportunity to own a flexible, income-producing asset in a high-demand rental market.

Well maintained, freshly painted. This property consists of a detached 3beds/1bath, (2 units) 2beds/1bath and a Studio, all current occupied. All units are separated addressed, enhancing tenant privacy and operational flexibility. Excellent for anyone seasoned investor or first time buyer looking to live in one and profit from the other units. All tenants are reported by the seller to be good long tenants.

Prime Boyle Heights location just minutes from Downtown Los Angeles with convenient access to the I-10, I-5, I-710, and US-101 freeways, making commuting throughout Los Angeles easy. Close to major employment centers, shopping, dining, public transportation, and medical facilities including Los Angeles General Medical Center (formerly LAC+USC Medical Center). Excellent location with strong rental demand, making this an attractive opportunity for investors and owner-users alike.

** IDEAL TO BUY AND HOLD INVESTORS, MULTI GENERATIONAL LIVING, OR OWNER OCCUPANTS SEEKING RENTAL INCOMES**

CURRENT RENT ROLL:
Main House 326 Velasco Ave 3bed/1 bath $3,000
3501 E 3rd 2bed/1 bath : $1,300
3501 1/2 E Ave 2bed/1bath $1,800
Studio : $900
Annual Income : $7,050
Gross Annual Income; $84,600

**Buyer and buyer's agent to independly verify all information and perform their own due diligence. Listing agent, broker and seller make no warranties or representation. Photos have been edited to Gove buyers a vision and to remove tenants personal items**
Location
Financial Information
List Price:  $ 1150000
Property Features
Community Features:  Curbs, Sidewalks
High School District:  Los Angeles Unified
Levels:  Two
Lot Features:  Walkstreet
Senior Community YN:  false
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  C02 - Beverly Hills Post Office
City:  Los Angeles
Listed By:   Carol Oliva   LPT Realty, Inc 
CA Lic#