CA > Los Angeles
Los Angeles, CA 90018,2319 2nd AVE
Los Angeles, CA 90018,2319 2nd AVE
Los Angeles, CA 90018,2319 2nd AVE
Los Angeles, CA 90018,2319 2nd AVE
Los Angeles, CA 90018,2319 2nd AVE
Los Angeles, CA 90018,2319 2nd AVE
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Thomas Ryan

Thomas Ryan

+1(909) 334-2049
$ 1,200,000
Est. payment | /mo

12 Beds

8 Baths

7,042 SqFt

Save
$ 1,200,000
Est. payment | /mo
Save

12 Beds

8 Baths

7,042 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,042 sqft

Price per Sqft $170

MLS Listing ID 24378001

Bedrooms 12

HOA Y/N No

Year Built 1921

Lot Size 0.289 Acres

Property Description

An incredibly rare 4-Unit Investment Opportunity in Jefferson Park, nestled on a Massive corner lot. This two-story Fourplex built in 1921, boasts 7,042+/-sqft of livable space and offers a desirable unit-mix of (2) 3 bedrooms/2 bath & (2) 3 bedrooms/1.5 baths. The formal living and dining room completes the spacious floor plans. The expansive 12,583+/-SF Lot Zoned for RD2 is prime for potential development, multiple ADU's or redevelopment into a larger residential complex subject to local regulations. Located in a revitalized district with rising property values and a strong demand for housing options. All units are tenant occupied with a generous rental upside $69,900/annually (+/-4.6% CAP Rate, +/-17.39 GRM). Add value opportunity with potential projected rental income of $153,600+/-/annually (+/-9.83% cap rate, +/-8.14 GRM). Gas & Electric are separately metered with a common building meter, and one water meter. Off-street parking can accommodate (8) spaces in rear. All on the same parcel, step outside to a tranquil front yard with grass for play and enjoy gardening at the community garden on the attached side yard- separate water meter attached to community garden- water consumption paid by LACGC. A thriving community with close proximity to West Adams, USC, DTLA, 10 FWY, Metro Expo Line, and plenty of exciting food options, including Insta famous Phillips Bar-B-Que. Whether you're looking to expand your investment portfolio or embark on a new development project, this fourplex offers the perfect blend of passive income and long-term growth potential.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD2

Interior

Heating Floor Furnace

Cooling None

Fireplace No

Exterior

Garage Detached Carport

Attached Garage No

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5059026028

Special Listing Condition Probate Listing

California Regional MLS (CRMLS)
Listed by Giuseppe Zumbo • Corcoran Icon Properties
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 334-2049

thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

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2319 2nd AVE