Residential Income - 1063 E 49th Place, Los Angeles, CA

Description

Rare Los Angeles Fourplex — One Unit Delivered Vacant! Rare opportunity to own a well-maintained four-unit income property in Los Angeles with income today and flexibility from day one. Three units are currently tenant occupied and producing rent, while a spacious 2-bedroom, 2-bath unit is vacant — giving the new owner options no fully-occupied fourplex can offer. Lease it at current market rent, move in, or upgrade and maximize income — the choice is yours. And because this is a 2–4 unit property, owner-occupant buyers may qualify for low-down-payment financing not available on larger investment buildings (buyer to verify with lender). Live in one, and let three rental units help carry the payment. The property also features ample on-site parking, including a large parking pad plus a separate fully paved bonus parking lot — a rare and valuable feature for Los Angeles multifamily, and a real advantage when leasing. Set on a generous 5,914 sq ft lot with convenient access to shopping, dining, public transportation, major freeways, and employment centers throughout Los Angeles. 4 units · 8 bedrooms · 4 baths · 3,321 sq ft · 5,914 sq ft lot · Built 1922 · Offered at $1,200,000 Three units leased. One unit vacant. One rare chance. Showings available now — call today.

Property details

Location

1063 E 49th Place • Los Angeles, CA 90011

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Listed by

Jeff Anderson · eXp Realty of California Inc