Incredible Income Property Opportunity

$ 550,000.00

3742 E 5th St, Los Angeles, CA 90063, USA
  • Date added: 02/01/17
  • Bedrooms: 4
  • Status:
  • Bathrooms: 3
  • Area: 2344 sq ft
  • Lot size: 7265 acres
  • Year built: 1924
  • MLS Number: 16009792
  • GARAGE / PARKING: 3 Cars
  • SUBDIVISION / NEIGHBORHOOD: East LA
  • Number of Floors: Split-Level

Description

This well maintained 3 unit property is in the heart of LA’s next burgeoning market! Owned by the same family for more than 50 years you will not find a cleaner income property around. The units each come with a 1 car garage plus there is plenty of additional off street parking. Newer plumbing, extensive sewer line work for the entire property and a newer roof are some of the most recent upgrades. Near major freeways, metro line station and just minutes from Downtown LA this has all the makings for an amazing investment…and that is not even the best part! This property is exempt from Rent Control and is not within LA’s restrictive RSO program. Current low rents can be raised at the landlords discretion and in this hot market they are rising quickly. What an incredible opportunity!!

View on map / Neighborhood

Features

Features:
  • Appliances
  • Fireplace
  • Hardwood Floors
  • Laundry Room