ResidentialIncome — 2229 Hancock Street, Los Angeles, CA
$775,000
2229 Hancock Street, Los Angeles, CA
About this property
Lincoln Heights fourplex , ONE UNIT DELIVERED VACANT ! Perfect Investment for Primary Occupancy, offset your mortgage with rent from other 3 units. Rare opportunity featuring 4 detached standalone bungalow-style homes on an expansive 9,899 sq ft LARD3-zoned lot in rapidly evolving Northeast Los Angeles. Unlike traditional apartment-style properties, each unit enjoys its own separate structure, creating a more private residential feel perfect for future Owner-Users and tenants alike . The property offers a wide central driveway, excellent unit separation, and strong value-add potential. Potential for new owner to establish Residency in the 2 bedroom unit as well.The property consists of one 2-bedroom unit and three 1-bedroom units totaling approximately 2,394 sq ft of living space. Each home includes its own dedicated two-car parking spaces, a highly sought-after feature in this submarket. Ideal Opportunity for First time Home Buyers seeking to break into this sought-after area by occupying one unit as a primary residence and Investors will appreciate the opportunity to capture future rental upside while benefiting from the charm and functionality of individual detached homes and Centrally located just minutes from Downtown Los Angeles, Chinatown, Little Tokyo, Dodger Stadium, USC Medical Center, and the vibrant dining, nightlife, and cultural hubs throughout Northeast LA, with convenient access to the 5, 10, 101, and 110 freeways.
Property details
Location
2229 Hancock Street • Los Angeles, CA 90031
Listed by
JOSEPHINE SAN LUCAS · KELLER WILLIAMS LARCHMONT