1819 Workman St Street
Los Angeles, CA 90031
0.17 acres | #CV24099913
Description
GREAT INVESTMENT OPPORTUNITY! Property with a lot of potential. Rental income will pay itself off. First time on market since 40 years ago.
This income property is located at less than a mile from LAC+USC Medical Center and only 10 minutes form Downtown LA and Chinatown.
This neighborhood has gone through gentrification; completely surrounded by newly constructed houses and income units.
Great family neighborhood near schools, churches and freeway access with high demand from renters. Near bus stops.
CAP RATE 5.15 %
This income property consists of 6 units, of which two units are facing the street and one of them has 3 bedrooms and 1 bath, perfect for a big family.
There is a small house in the immediate back that is rented as a one bedroom/one bath apartment with adjacent storage shed plus 3 back units with 3 one car garages in the very rear.
This property has a new roof, new plumbing, and the two front units have been remodeled 4 years ago and freshly painted last year.
This is a 1031 Exchange.
Property Details
- Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected
- Lot DescriptionZeroToOneUnitAcre, RectangularLot
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,139,000
- MLS #CV24099913
- MLS #CV24099913
- Property SubtypeMixedUse
- Cost1139000
- Acres0.1722
- FoundationRaised
- Utility SourcePublic
- Year Built1887
- Stories2
- Parking Spaces3
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Martin Gavilanes (#C10579)
Listing Office: MARTIN G. GAVILANES, BROKER (#1031)
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