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$ 1,200,000
Est. payment | /mo
7 Beds
5 Baths
3,659 SqFt
$ 1,200,000
Est. payment | /mo
7 Beds
5 Baths
3,659 SqFt
Key Details
Property Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,659 sqft
Price per Sqft $327
Bedrooms 7
Full Baths 5
Lot Size 7,502 Sqft
Property Description
This unique multi-unit property at 205 E Avenue 40, Los Angeles, CA 90031, offers an incredible investment opportunity. Located in a highly desirable area, the property consists of 7 bedrooms and 5 bathrooms across two separate buildings, presenting a versatile configuration for rental income or owner-occupied living.
Front Building:
3 Units: This structure includes three individual rental units. The ground-floor unit is particularly spacious, occupying the same square footage as the top two units combined, offering potential for subdivision into two smaller units for increased rental yield.
Back Building:
2 Units: The rear building houses two additional units, providing further rental opportunities.
4 Covered Garages: Situated at the bottom of the back building, the property includes four covered parking spaces. With the right permits, these garages could be converted into two additional units, maximizing the property's income potential.
Rental Details:
Current Rent: $4,000 per month across all units, which is under market value, presenting a substantial opportunity for rent increases. All tenants are on a month-to-month lease, offering flexibility for future adjustments.
This property is ideal for investors seeking both immediate rental income and long-term value-add potential through renovations or unit expansion.
Front Building:
3 Units: This structure includes three individual rental units. The ground-floor unit is particularly spacious, occupying the same square footage as the top two units combined, offering potential for subdivision into two smaller units for increased rental yield.
Back Building:
2 Units: The rear building houses two additional units, providing further rental opportunities.
4 Covered Garages: Situated at the bottom of the back building, the property includes four covered parking spaces. With the right permits, these garages could be converted into two additional units, maximizing the property's income potential.
Rental Details:
Current Rent: $4,000 per month across all units, which is under market value, presenting a substantial opportunity for rent increases. All tenants are on a month-to-month lease, offering flexibility for future adjustments.
This property is ideal for investors seeking both immediate rental income and long-term value-add potential through renovations or unit expansion.
Location
State CA
County Los Angeles
Listed by Brian Ngoy • Ngoy Realty Group | EXP Realty | PGI Estates
Nearby Locations
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