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Glen Henderson

[email protected] +1(619) 889-7646

$750,000

Est. payment - /mo

6 Beds

4 Baths

8,674 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MB26161097

Bedrooms 6

Lot Size 8,674 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Exchange

Property Type Res Income 2-4 Units

Property Description

FIXER*** FIXER***FIXER***FIXER*** VIEWING SATURDAY AUGUST 8 11AM TO 11:30 AM Value-Add Fourplex on Large R3-1 Lot in Lincoln Heights Built in 1913, this charming two-story Craftsman-style property has been converted into four one-bedroom, one-bathroom units. Rich in character and architectural appeal, the building presents an exceptional opportunity for investors seeking a value-add asset. The property requires substantial rehabilitation, making it ideal for buyers looking to renovate and maximize its long-term potential. It is subject to Los Angeles rent control, with long-term tenants currently in place, providing stable occupancy while offering future upside. Situated on a generous R3-1 zoned lot, the property may offer the potential to add two ADUs or two additional dwelling units, subject to buyer verification and approval by the City of Los Angeles. Located in the highly desirable Lincoln Heights neighborhood, the property is just 10 minutes from Downtown Los Angeles and enjoys convenient access to major freeways, public transportation, shopping, dining, schools, parks, and other neighborhood amenities. The area is well established and continues to benefit from ongoing investment and redevelopment, making this an attractive opportunity for investors with a vision. Property Highlights: Built in 1913 Two-story Craftsman-style building Four 1-bedroom, 1-bathroom units Significant rehabilitation needed Subject to Los Angeles Rent Stabilization Ordinance (rent control) Long-term tenant occupancy Large R3-1 zoned lot with potential for additional development (buyer to verif

Location

State CA

County Los Angeles

Zoning Assessor

Direction n of Main and East of Griffin Ave

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5210031019

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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Listed by FELIPE ACUNA, DRE#01066186 CENTURY 21 REALTY MASTERS

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

3212 Baldwin Los Angeles, CA 90031

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information