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$1,775,000

FOR SALE
Active

637 S Mcdonnell Avenue

Los Angeles, CA

MLS# 26872303

4,072 Sq Ft8bd • 11ba
85 days on marketNalren refreshed

Listing Agent

Enrique Viramontes

Listing Agent

Remax Commercial and Investment Realty

DRE #: 01372010

(213) 817-1000

Brokerage: Remax Commercial and Investment Realty

Property Details

8

Bedrooms

11

Bathrooms

4,072 sqft

Square Feet

1927

Year Built

6,941 sqft

Lot Size

$436

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

Description

Situated in the heart of East Los Angeles, this well-located multifamily investment presents an attractive combination of tenant appeal, convenience, and future upside. The property features an attractive unit mix of (1) 2 bd + 1 ba, (6) 1 bd + 1 ba, and (4) studios, providing a diverse mix of rental options suited to a broad tenant base. The property's mostly single-story construction offers a practical advantage for ownership, providing easier maintenance and an appealing living environment for prospective tenants.In addition to its existing income stream, the property offers potential for increased rental income and future ADU development, providing an investor with multiple avenues to enhance value and maximize the property's income-producing potential, subject to applicable zoning and permitting requirements. Plans for two ADUs were previously approved.Location further strengthens the investment profile. Residents are within walking distance of the Metro Gold Line Station, providing convenient access to public transportation and connectivity throughout Los Angeles. The property is also near the East Los Angeles Civic Center, offering access to community events, entertainment, recreational opportunities, and local services. Nearby Whittier Boulevard provides an established mix of shopping, dining, and everyday conveniences.For commuters, the property offers convenient access to the 710, 10, and 5 Freeways, providing efficient connectivity to Downtown Los Angeles, surrounding employment centers, and major destinations throughout the region.

Facts & Features

Building

Year Built
1927
Living Area
4,072 sqft
Building Area Total
4,072
Levels
Multi Split, Two
Stories Total
2

Utilities

Heating
Wall Furnace

Parking

Parking Features
Assigned
Parking Total
0

Community / HOA

HOA
No

Sale history for 637 S MCDONNELL Avenue

  • Sold $1,365,000 in July 2016 · MLS #16115692 · Source: CRMLS
  • Sold $925,000 in August 2014 · MLS #14761981 · Source: CRMLS

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