528 S Avenue 19, Los Angeles, CA 90031 (MLS # 317001952)

Price $699,000
Status Active
Beds n/a
Baths 0 baths
Home size n/a
Lot Size 3,292 sqft
Days on Market 2
Opportunity to own 3 Units + 9 Bedroom Rooming House in one of LA's hottest neighborhoods, Lincoln Heights. Actual Income of $6,126/month - $73,513/year with good in-place income/cash flow + future upside in rents + value add potential for unused spaces. The site consists of 2 buildings connected by a breezeway totaling 3,696 square feet. The front building has 2, 1/1 Units that are spacious with high ceilings on the 1st floor and 9 Bedrooms + 2, 1/4 baths, shower room, and kitchen area on the 2nd floor. The back building consists of 2 bedrooms, storage room, and potential for additional income by re-configuring unused spaces (see floorplan). Minutes to vibrant DTLA, Chinatown, and leafy 32-acre LA State Historic Park. Capitalize on LA River Revitalization Plans, Albion Riverside Park (6-acre extension of Downey Park), and proposed mixed use developments coming to Lincoln Heights.
Property Type(s): Residential Income
Last Updated 3/21/2017 Year Built 1897
Community Lincoln Hts County Los Angeles
Walk Score ® 82

Additional Details

FLOORING See Remarks
MLSAREAMAJOR 677 - Lincoln Hts
PROPERTYTYPE Residential Income



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Listing provided by : Norman Kawaguchi, Berkshire Hathaway HomeService

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