2408 2410 N Eastern Avenue, Los Angeles, CA 90032
- $1,600,000
- 6
- BD
- 6
- BA
- 3,736
- SqFt
Listing courtesy of Listing Agent: Chit Yip (byiprealtor@yahoo.com) from Listing Office: Coldwell Banker Realty.
- List Price
- $1,600,000
- Status
- ACTIVE
- Days on Market
- 39
- MLS#
- P1-27820
- Subtype
- Residential
- Year Built
- 1947
- Bedrooms
- 6
- Bathrooms
- 6
- Full Baths
- 6
- Living Area
- 3,736
- Lot Size
- 14,487
- Acres
- 0.33
- Subdivision
- Not Applicable
- Neighborhood
- Not Applicable
Property Description
Don't miss this incredible investment opportunity to purchase two detached two triplexes together with five adjacent vacant land parcels listed under MLS # P1-27046 ( Parcel #5216-007-011, 012, 017, 010 & 022) , comprising approximately 2.15 acres in total, the properties are offered as one package for $2,000,000 and are zoned LARD5 in a prime El Sereno location near Alhambra! This two triplexes featuring six 1 bedroom & 1 bath units along with six detached single car garages, one assigned parking on driveway to each unit. 2408 N Eastern Ave has one unit is vacant and the Seller plans to remodel it, adding value and enhancing its rental appeal. 2410 N. Eastern Ave has two units have recently become vacant and have been remodeled. Both two triplexes have separate driveways providing direct access to their garages, with 1.82 acres the vacant land situated immediately behind them. The five adjacent parcels are included in the sale. Of the total purchase price, $400,000. is allocated to the land. The property features a substantial amount of flat and usable land, offering excellent potential for future development of multiple residential buildings etc. ( Buyer to verify all development possibilities with the City of Los Angeles ). Ideally located just minutes from California State University, LA, South Pasadena, Alhambra and DTLA, with convenient access to the 10, 110 and 710 major freeways, transit options, shopping, dining and other local amenities. A rare opportunity for investors, developers, or owner-users seeking immediate rental income with significant future development potential. Price to sell! The currently occupied units are rented at $1,200 per month, well below market, as the Seller has not increased the rents for many years. Comparable vacant units have an estimated market rental value of approximately $1,700 to $1,800 per month, offering excellent upside rental potential.
/t.realgeeks.media/resize/300x/https://u.realgeeks.media/chanagedy%252FChana_Gedy_LOGO.png){kind=logo}
Additional Information
- Interior Features
- Eat-in Kitchen, Sunken Living Room, Unfurnished, Bedroom on Main Level
- Zoning
- LARD5
- Flooring
- Laminate, Tile
- Appliances
- Gas Cooktop, Gas Oven, Gas Range
- Heating
- None
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
- Stories
- One Level
- Levels
- One
- Roof
- Shingle
- Pool Type
- None
- Parking Features
- Assigned, Driveway
- Garage Spaces
- 6
- Middle School
- El Sereno
- View
- None
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.