Subject property is a 4,032 sq ft 4plex built in 1921 and situated on a spacious 9,001 SF lot. It is sold together with a 3plex on the adjacent lot at 11143 Van Buren Ave. This well-maintained 7-unit portfolio consists of a 3-plex and a 4-plex, offering strong current income… Read More of $17,037/month and future development opportunities. This investment is Eligible for Both Residential & Commercial Financing…Total Building Size: 6,468 sq. ft. Total Lot Size: 17,713 sq. ft….Excellent Unit Mix of All 2-Bedroom, 1-Bathroom Units…All Section 8 Tenants – Ensuring Reliable Rental Income… Lot Zoned LC R320U* provides Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR Potential to Add Up to 7 ADUs (Buyer to Verify)…Prime Location – Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're an investor looking to expand your portfolio or seeking a cash-flowing, high-potential multi-family property, this is a rare opportunity in a rapidly growing area of Los Angeles. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Evelyn Baez Gonzalez 951-902-3006
Listing Snapshot
Days Online
16
Last Updated
Property Type
Quadruplex
Lot Size
0.21 Acres
Year Built
1921
MLS Number
SB25058483
30 Days Snapshot Of 90044
$668k
+7%
(avg) sold price
14
-12%
homes sold
108
+1%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1921, Building area total: 4,032, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
StreetLights, Sidewalks
Expenses
Gardener expense: $2,400, Insurance expense: $4,692, New taxes expense: $26,134, Operating expense: $55,085, Trash expense: $1,620, Water sewer expense: $5,172
Fireplaces
None
Garage
4 spaces
Income
Gross income: $204,444, Net operating income: $143,226
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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