939 S Lorena Street, Los Angeles, CA 90023
- $729,000
Listing courtesy of Listing Agent: Daniel Brooks (dannybrooksre@gmail.com) from Listing Office: RE/MAX Gold Coast REALTORS.
- List Price
- $729,000
- Status
- ACTIVE
- Days on Market
- 103
- Price Change
- ▼ $136,000 1785208233
- MLS#
- V1-36031
- Subtype
- Residential Income
- Style
- Bungalow, Craftsman
- Year Built
- 1907
- Lot Size
- 5,510
- Acres
- 0.13
- Subdivision
- Not Applicable
- Neighborhood
- Not Applicable
- MLS Area Major
- Boyle Heights (BOYH)
Property Description
Major Price Improvement! Incredible investment opportunity or ideal owner-user property! This multi-unit property features three units, including a recently renovated front unit that will be delivered vacant at close of escrow. The property consists of two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each unit is separately metered for water, gas, and electricity, offering added convenience and cost transparency. The layout is well-suited for extended family living or generating rental income. Current rents are below market, presenting strong upside potential for investors. The property will be delivered with tenants in place in two units; the front unit will be vacant. Please do not disturb tenants. Showings by appointment only--contact the listing agent for access. Buyers are advised to conduct their own due diligence regarding tenancy and occupancy options. The seller will not pursue tenant relocation or provide credits for associated costs. Located in an area experiencing significant recent development, this property presents an excellent opportunity for both income generation and long-term growth. Prime Location: Convenient access to major freeways including the 5, 10, 60, 710, and 110. Easy commute to downtown via the newly developed 6th Street Bridge. The surrounding area is experiencing strong growth, with multiple mixed-use developments underway. Additional Notes: Information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own due diligence and consult with professionals.
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Additional Information
- Interior Features
- Beamed Ceilings, Built-in Features, Granite Counters, Laminate Counters, Unfurnished
- Property Description
- Bungalow, Craftsman
- Appliances
- Gas Oven
- Heating
- Ductless, Wall Furnace
- Air Conditioning
- Yes
- Exterior Construction
- Stucco, Wood Siding
- Stories
- Two Levels, Multi Level
- Levels
- Two, Multi/Split
- Roof
- Shingle
- Pool Type
- None
- Parking Features
- Concrete, Driveway, Gated, RV Access/Parking, Shared Driveway, On Street, Side By Side
- View
- City Lights
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.