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$ 1,820,000
Est. payment | /mo
4 Beds
$ 1,820,000
Est. payment | /mo
4 Beds
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25154996
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
**ONE UNIT IS NOW VACANT** Welcome to this four unit 1920s bungalow in the heart of Los Feliz! This timeless gem consists of Four 1 Bed/1 Bath units generating $112,000 a year in rental income. You can purchase for investment or live in one and rent out the other units! This well managed property has 2,397 square feet of living quarters and sits on a well designed 6,502 square foot lot. Each unit has its own tree shaded entryway allowing for privacy and a backdoor that takes you to a beautiful back yard open patio. Each tenant has their own gas and electrical meter allowing for easy management. This peaceful palm tree lined street is iconic to Los Angeles living and walking distance to the best Los Feliz has to offer. With a strong and stable Cap rate of 4.4%, this opportunity is desirable to owners and investors alike. Dont miss this rare chance to own this turnkey classic with so much character Zoned R2-1XL. SELLER MAY FINANCE a portion of the purchase.
Location
State CA
County Los Angeles
Zoning Assessor
Direction East of Hillhurst Ave and North of Franklin Ave
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 5590011025
Listed by Michael Pomes Provenio Realty and Investment
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”