3723 E 5th Street, Los Angeles, CA 90063
Fourplex
Sold August 2024
Listing Agent: Joe Napoli (DRE #01279689) · Listing Office: RE/MAX INNOVATIONS · Contact: 626-825-4863 · Bought with: Rudolph Vazquez · Berkshire Hathaway HomeServices CA Properties · MLS #CV24105424 · Source: CRMLS
About this fourplex
What has been a family compound and cherished sanctuary for several decades now comes to market as your opportunity to own a 4-unit property in East Los Angeles. Located at 3723 East 5th Street in Los Angeles (90063) this property is ripe with opportunity. One of the most compelling features of this opportunity is its exceptional unit mix. At the heart of the apartment complex is “the owner’s unit.” The owner’s unit is a 4-bedroom, 3-bathroom unit designed to accommodate the dynamic needs of a busy household. Yet, another opportunity with the owner’s unit is the possibility of splitting this home into two units. The existing floopland should be easy to convert into a 3 bed, 1 3/4 bath owner’s unit and a 1 bedroom, 1 bathroom attached ADU. In addition to “the owner’s unit” there are an additional three units that are 2 bedrooms and 1 bathroom each. Since this property has been used as a family compound for many years 3723 East 5th Street will be delivered with the owner’s unit and a two bedroom, one bath unit vacant at the close of escrow. The versatile floorplan along with two units delivered vacant at the close of escrow make’s it clear that 3723 East 5th Street is offering you the ability to immediately generate market rent regardless of whether you live in one and rent the others or just have it be a stand-alone income opportunity. While I am speaking of income opportunities 3723 East 5th Street has a four car garage that will be delivered vacant as well. This is another area of the property where you may be able to generate additional income by renting the individual parking spots. Whether 3723 East 5th Street will be your family compound or an addition to your real estate portfolio I invite you to come and see all that this property has to offer you!
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history