2918 Eastern Avenue, Los Angeles, CA 90032
-
Sold Price :
$800,000
-
Beds :
N/A
-
Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1959
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 |
| Close Price |
$800,000 |
| Status |
Closed |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
7,000 |
| Year Built |
1959 |
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.
