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Listing Details

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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

Beautiful Fourplex with a huge lot for sale in a desirable area in Lincoln Heights close to Broadway near Downtown Los Angeles, China Town, Dodger Stadium, USC Medical and more. Location is very easy access to 5, 10 and 110 fwy. Property is well kept and maintained by the owner and is for sale for the very first time in 50 years. This is a great opportunity for investors with potential rental upsides or, to live in one unit and generate income from the other 3. Two separated buildings on a long drive way with total of 4 units and are all 2 bed 1 bath each in good conditions, with one being fully remodeled only 3 years ago. Front building has 2 units on a single level with parking space, rear building is two levels, built in 1987 also 2 units with NO rent control and 2 double garages below. There are 3 units occupied and 1 vacant unit currently. Total of 4 separated Gas meters and 5 separated Electric meters! Drive by only and please DO NOT DISTURB TENANTS! Property sold as it. Agent please see remarks for more details.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
www.sellinglasouthbay.com/homes/117303682
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2225 Johnston Street Lincoln Heights, CA 90031

  • Price: $1,430,000
  • Status: Active
  • Updated: 19 min ago
  • ID#: AR21103082
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Beds
0
Baths
0
½ Baths
0.19
Acres
1902
Built
Neighborhood:
677 - Lincoln Hts
County:
Los Angeles
Area:
677 - Lincoln Hts
Property Description
Beautiful Fourplex with a huge lot for sale in a desirable area in Lincoln Heights close to Broadway near Downtown Los Angeles, China Town, Dodger Stadium, USC Medical and more. Location is very easy access to 5, 10 and 110 fwy. Property is well kept and maintained by the owner and is for sale for the very first time in 50 years. This is a great opportunity for investors with potential rental upsides or, to live in one unit and generate income from the other 3. Two separated buildings on a long drive way with total of 4 units and are all 2 bed 1 bath each in good conditions, with one being fully remodeled only 3 years ago. Front building has 2 units on a single level with parking space, rear building is two levels, built in 1987 also 2 units with NO rent control and 2 double garages below. There are 3 units occupied and 1 vacant unit currently. Total of 4 separated Gas meters and 5 separated Electric meters! Drive by only and please DO NOT DISTURB TENANTS! Property sold as it. Agent please see remarks for more details.
Exterior Features

Lot Features 0-1 Unit/AcreBack YardFront Yard Number Of Separate Electric Meters 5 Open Parking Spaces 5 Parking Features DrivewayGarageOne Space Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Other Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Appliances Gas Oven Common Walls 2+ Common Walls Fireplace Features None Fireplace YN No Flooring VinylWood Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsStreet LightsUrban Disclosures Rent Control Electric Standard Electric Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 88560 Insurance Expense 1800 Laundry Features Washer HookupInside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeFhaVa Loan Maintenance Expense 2000 Net Operating Income 80260 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 8300 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tenant Pays ElectricityGasTrash Collection Trash Expense 0 Utilities Natural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 4500 Water Source Public Zoning Lard2

Listing provided courtesy of Samuel Goh of Coldwell Banker New Century


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
 
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Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
23670 Hawthorne Blvd. #100
Torrance CA, 90505