3619 Carlota Boulevard, Los Angeles, CA 90031

About this fourplex

Exceptional opportunity to acquire a true VALUE-ADD investment property with a +/-58% upside potential. This cozy property consists of two duplexes situated on a uniquely shaped lot with minimal maintenance. Each unit features a 2bed/1bath, four tandem parking spaces, and garden space. This property is located in a highly desirable Northeast Los Angeles historic corridor of Cypress Park with easy access to the 110 freeway, Heritage Square Gold Line Metro station, shopping, local eateries, schools, and recreation. A savvy investor with a value add strategy will be able to take advantage of the steadily rising rental rates in the area with future renovation. This 4-unit property has the ability to lock in 30-year fixed debt, and up to a 75% LTV. Could be great for a first-time buyer or owner occupant! Seller may consider carrying!

Listing description from the August 2024 sale, as reported to CRMLS.

Sale history

$790,000

Sold August 2024 · listed $800,000, on market May 2024 · MLS #AR24110139 · Source: CRMLS

Listing Agent: Justin McCardle · Listing Office: Growth Investment Group Pasade · Contact: 909-486-2069 · Bought with: Whenrica McAfee · Excellence RE Real Estate

$370,000

Sold August 2012 · listed $385,000, on market July 2012 · MLS #12166574 · Source: CRMLS

Listing Agent: Robert Mashati · Listing Office: Mashati Realty Group · Contact: 818-522-1307 · Bought with: Robert Mashati · Mashati Realty Group

$247,000

Sold January 2012 · listed $269,000, on market December 2011 · MLS #M11156987 · Source: CRMLS

Listing Agent: J.J. LOPEZ · Listing Office: CENTURY 21 REALTY MASTERS · Contact: 323-722-7300 · Bought with: GRACIELA FERRUFINO · CENTURY 21 REALTY MASTERS

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