2918 Eastern Avenue

Los Angeles, CA 90032

$800,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $287 / sqft

1959

calendar_month Built

Property Description

Big Bargain!!!! The perfect opportunity for small investment or Live in one unit and rent the other three units. This is the newly upgraded 4-unit multifamily property with two LA Section-8 units. All units have new wooden floor and granite kitchen counter top. Some units have new kitchen, cabinets, bathroom, windows, light fixtures, gas oven, & kitchen fans; Fresh interior and exterior paint. Owner pays for water and gardening. Tenants pay for gas, electricity, & garbage collections. Convenient to everywhere, easy access to 10 and 710 freeways, near Cal State University of Los Angeles, USC Health Sciences Campus, across the street from El Sereno Middle School, short distance to Downtown Los Angeles, public transportation, major employment, parks, restaurants, and shops; Always 100% occupied and currently rents are below market. All known electrical/plumbing/termite wood problems have been fixed. This property is to be sold "ASIS" condition. Seller will not pay for termite works. Seller will not pay for additional cost of compliance inspection and retrofit which had been paid by the seller two years ago. Buyer needs to accept current tenants or buy them out later. Rent increase 4% for 3 of the 4 units beginning 03/01/2020. The new total rent is $4,825.63 each month. One section-8 tenant already received section 8's approval for a bigger house. Please do not disturb or contact tenants, submit proof of funds, and all offers subject to interior inspection.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Features Ceiling Fan(s), Granite Counters
Cooling Type Wall/Window Unit(s)

Listing Information

Address 2918 Eastern Avenue
City Los Angeles
State CA
Zip 90032
County Los Angeles
Listing Agent Lorna Lee DRE#01928703
Courtesy Of T.N.G. Real Estate Consultants
MLS PW20019357
Close Price $800,000
Close Date Friday, August 21st, 2020
Status Closed
Type Residential Income
Subtype Quadruplex
Structure Size N/A
Lot Size 7,000
Year Built 1959
DOM 69

Exterior Information

Maps

Listing information courtesy of: Lorna Lee, T.N.G. Real Estate Consultants . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 22nd, 2020 at 5:06 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.