Description
Price Reduced! Only ~$100,000/Unit!! We are pleased to present for sale an incredible VALUE ADD income opportunity located in the heart of East Los Angeles! Comprised of 16 VACANT SRO Units (16 single rooms with 3 shared bathrooms + 4 toilets) + a detached duplex (1 BD/1 BA each, one unit paying $925/month, the other $775/month), this property affords an investor a chance to reposition the building for maximum cash flow!! Plans have been APPROVED to convert all SRO units into individual studios with their own bathrooms, as well as adding a 3rd unit to the front duplex = significant further income potential!!! Proforma income of almost $25,000/month! Electrical permits have been completed to install combo smoke and carbon monoxide detectors throughout the property. Brand new roof has been installed for the front duplex. The property is centrally located in East LA with convenient access to downtown LA, East LA College, USC Medical Center, and all shops & retail on Whittier Blvd!! Excellent opportunity for senior living, homeless housing, or any other non-profit use! Do not miss your chance to purchase a CLEAN SLATE with tons of upside in a high rental demand area of Los Angeles. Floorplans available upon request. Contact listing agent for more details or to setup a showing.
Location
"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 21st September, 2023 5:38 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 21st September, 2023 5:38 PM (UTC)
Listing Agent: Daniel Shamooelian
Listing Office: BRC Advisors- BH
