Compass is pleased to present the opportunity to acquire a five-unit property in the highly desirable neighborhood of Glassell Park. Situated on a generous 9,599-square-foot lot, this property offers both immediate income and significant upside potential.The property consists of two separate buildings. The front building features four two-bedroom, one-bathroom units,… Read More while the rear building is a four-bedroom, three-bathroom home that will be delivered vacant at closing. This creates a rare opportunity for an owner-user to live on-site while generating rental income, or for an investor to lease the unit at market rates and maximize returns.The subject property is conveniently located near shops, restaurants, major freeways, and Downtown Los Angeles, making it highly attractive to tenants. This is an excellent opportunity for both owner-users and investors alike.With rents currently below market and Glassell Park continuing to experience strong appreciation, this property presents a prime value-add opportunity with substantial income growth potential.Opportunities like this in one of Northeast LA's most sought-after neighborhoods do not last long.! Read Less
Courtesy of Compass 626-205-4040
Listing Snapshot
Days Online
43
Last Updated
Property Type
Other
Beds
11
Square Ft.
3,816
Lot Size
0.22 Acres
Year Built
1959
MLS Number
26658973
30 Days Snapshot Of 90065
$1.50M
-17%
(avg) sold price
10
+25%
homes sold
50
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,816 sq ft, Built in 1959, Levels: Two
Disclosures
As Is
Garage
Driveway Gate
Lot
LotAcreage: 0.2204, LotSizeArea: 9,599
Parking
TotalParking: 0
Property
NumberOfUnits: 5, Zoning: LARD2
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