Presenting a well located multifamily property between City Terrace and East Los Angeles. This property operates as a three unit property, offering a great mix of a 3 bedroom, 1 bath standalone unit at the rear, along with two units at the frontone with 3 bedrooms and 1 bath, and the other with 2 bedrooms and 1 bath.
Key features include gated entry and parking options for tenants, all situated on a spacious 5,999 square foot lot. The units were built in 1927 and 1953, adding a touch of historical charm. The property is not subject to LA rent control, so it only falls under statewide AB 1482 rent controlgiving you more flexibility. Tenants are responsible for paying for their own gas and electricity, making this a low maintenance option for investors. With its single story layout and prime location in a rapidly developing neighborhood, this property is ideal for investors looking to either start or expand their rental portfolio. Please note that while the property has been operating as three units, it may be permitted as a two unit property. Each unit has its own mailing address.
Dont miss out on this exciting opportunity to invest in East LA!