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207 E Avenue 39 Los Angeles, CA 90031
6,947 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW25163581
HOA Y/N No
Year Built 1988
Lot Size 6,947 Sqft
Property Sub-Type Triplex
Property Description
Lucrative Los Angeles multi-unit property with steady income stream.
Presenting a fantastic opportunity for investors seeking a turnkey asset in a prime Los Angeles location. This four-unit building generates immediate rental income, with all tenants currently on month-to-month agreements. Its proximity to the 110 freeway and Dodger Stadium adds significant value for residents.
Highlights of this property:
Diverse unit mix: Features a desirable mix of one 3-bedroom, two 2-bedroom, and one studio apartment to attract a wide range of tenants. the main house was built in 1915 and the 3 rear units were built in 1988.
Established tenancy: Fully rented with month-to-month leases in place, offering flexibility for new ownership.
Convenient parking: Five parking spaces are available on the property, including two single spaces and three tandem spaces. (A storage shed occupies one of the tandem spots).
Strategic location: Excellent access to transportation, sports, and entertainment venues. This neighbor known for its rich history as one of Los Angeles's first suburbs, its diverse and evolving community, its collection of notable historic architecture, and a mix of green spaces and commercial hubs. The property is located in the Lincoln Heights neighborhood, bordering Montecito Heights, Chinatown, and Cypress Park.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LARD2
Interior
Heating Ductless
Cooling Ductless
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Assigned, Carport, Driveway
Pool None
Community Features Street Lights, Suburban
Total Parking Spaces 6
Private Pool No
Building
Lot Description Street Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5451002021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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