218 Thorne, Los Angeles, CA 90042

$2,050,000

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Listing courtesy of Listing Agent: Julian Mangine (julian@manginerealestate.com) from Listing Office: eXp Realty of Greater Los Angeles, Inc..

List Price
$2,050,000
Status
ACTIVE
Days on Market
18
MLS#
SB26185527
Subtype
Residential Income
Year Built
1978
Lot Size
18,817
Acres
0.43
MLS Area Major
Highland Park (632)

Property Description

6 unit property on large lot with Four 2 Bedroom 1.5 Bath units & Two 3 Bedroom 2 Bath units. 3 units currently vacant with one of them being a 2 Bedroom that has been recently renovated. Additional 2 bedroom and 3 bedroom units are vacant. Property has been an apartment but has recently gotten approved with the City for use as a condo but will still have to undergo the California DRE process of condo conversion to complete the process. Potential for that is similar to next door 232 Throne which was constructed at the same time and is now 6 individual condos with separate ownership (one of which sold in 2022 for 600k) Buy this property as a traditional rental or look for the potential for condo conversion.

Additional Information

Heating
Central
Air Conditioning
Yes
Stories
Two Levels
Levels
Two
Roof
Membrane
Pool Type
None
Parking Features
Carport, Storage

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

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.