Stop paying rent and start collecting it. Live in one unit of this 4-unit property in the Florence area of Los Angeles and let the other three help pay the mortgage. The property has 2 separate structures on one lot. The front building holds 3 remodeled units, and the detached rear unit is in original condition, ready for updating. Every unit is a 2-bedroom, 1-bath floor plan, 3 of the 4 units include a garage space, and units are separately metered for gas and electric. At projected market rents, gross scheduled income is approximately $9,380 per month, or $112,560 per year, making this an equally strong hold for an investor. Close to shopping and dining along Florence and Manchester Avenues, schools, bus lines, the Metro A Line, and the 110 and 105 freeways.
| MLS # | PW26231380 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1953 |
| Days On Site | 10 |
| Listing Provided By | Bret Lewis, Broker | Bret Lewis |
| SQ Feet | 2,660 |
|---|---|
| Garage | 3 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.12 |
| Cooling | Central Air |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Exterior Features | Misting System |
|---|---|
| Lot Features | Yard |
| Parking Features | Assigned, Garage Faces Rear |
|---|---|
| Garage Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| Community Features | Urban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90001 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90001) | |
Price: $849,000 low | high Med: $739,000 sqft: 2,660 low | high Med: 1,864 $ / sqft: $319 low | high Med: $396 On site: 10 low | high Med: 67 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90001 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90001) | |
Price: $849,000 low | high Med: $739,000 sqft: 2,660 low | high Med: 1,864 $ / sqft: $319 low | high Med: $396 On site: 10 low | high Med: 67 | |