215 E Avenue 33, Los Angeles, CA 90031 | MLS 18385770 | Listing Information | Welcome to Real Living Premier Realty | Real Living Real Estate
Real Living Premier Realty
(951) 364-3100

215 E Avenue 33,  Los Angeles CA, 90031

1,682 sqft
Status: Contingent
MLS#: 18385770
1of
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Real Living Premier Realty
(951) 364-3100

Listing Provided Courtesy Of: Silverwood Properties
Last Updated: 9/22/2018 10:27 AM
Description for 215 E Avenue 33 Los Angeles, CA 90031
This is quite possibly in the top 1 percentile of awesome real estate investment opportunities in the 'small multi-family' genre in all of L.A.! For one thing, it will yield 10% cash on cash return. I defy you to find any good property in a good location in L.A. that gets that kind of return. For another, the current owner has done a thorough job on the upkeep of the property. In other words this property will stand up well to a licensed home inspection. For another, it is a 2-on-a-lot, i.e. no common walls, with each unit having its own distinct outdoor space. And, finally, Lincoln Hts is exploding! All those tenants and owners who have been priced out of Echo Park, etc., who wanted to be near downtown have fled to Lincoln Hts and surrounding n'hoods. They are rapidly making it over into the kind of n'hood they would like to live in. Bottom line.... come make this YOUR next addition to your RE portfolio, or even live in one of the units while receiving the income from the other.
Price
$795,000
Los Angeles
1,682 (approx)
18385770
Contingent
Description
This is quite possibly in the top 1 percentile of awesome real estate investment opportunities in the 'small multi-family' genre in all of L.A.! For one thing, it will yield 10% cash on cash return. I defy you to find any good property in a good location in L.A. that gets that kind of return. For another, the current owner has done a thorough job on the upkeep of the property. In other words this property will stand up well to a licensed home inspection. For another, it is a 2-on-a-lot, i.e. no common walls, with each unit having its own distinct outdoor space. And, finally, Lincoln Hts is exploding! All those tenants and owners who have been priced out of Echo Park, etc., who wanted to be near downtown have fled to Lincoln Hts and surrounding n'hoods. They are rapidly making it over into the kind of n'hood they would like to live in. Bottom line.... come make this YOUR next addition to your RE portfolio, or even live in one of the units while receiving the income from the other.
Listing Information
Property Type: Cluster, Other
0.25 Acres 1,682 (approx) $472.65
1905
2 Total
Neighborhood
Room Information
Interior Features
None
3
Exterior / Lot Features
Carport
LAR1
Driving Directions
Check Google Maps
Financial Considerations
5207023020
,$3,000
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90031 has a population of 3,971,883.

The median household income in Los Angeles, California 90031 is $49,682. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Los Angeles 90031 is 34.6 years.

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Courtesy: Ken Shapiro - Silverwood Properties
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 9/22/2018 10:27 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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