Looking to invest in an affordable income property in Northeast LA? There are currently only 3 fourplexes for sale in the 90065 zip code, and this one is at least $355K CHEAPER than the rest! This charming 4 unit is located in the palm tree lined residential streets between San… Read More Fernando Rd and Eagle Rock Blvd, south of the 2 Freeway near the Ribet Academy. There are 2 duplex structures on the lot, and all units are 1Br+1Ba. There is also open parking in the rear. All tenants are long term, Contact the listing agent for a rent roll and more info. Relocation for owner occupancy and/or TIC conversion may be an option (Buyer to verify). Glassell Park is one of Northeast LA's most desirable neighborhoods. Known for its hilly terrain and scenic views, the area offers a mix of residential charm and urban convenience, not to mention amazing local restaurants and retailers. The median sale price for homes in Glassell Park is approximately $1.22million, reflecting an 11.1% year over year increase. This is a high barrier to entry area with rentals always in great demand. An excellent long term, affordable investment! Read Less
Property listed by Compass, Dana Coronado 818-783-7721
Listing Snapshot
Days Online
37
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,372
Lot Size
0.17 Acres
Year Built
1923
MLS Number
25576939
30 Days Snapshot Of 90065
$1.28M
+11%
(avg) sold price
18
-14%
homes sold
64
-31%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1923, Building area total: 2,372, Levels: One, Living area: 2372, 1 story, 2 buildings, Architectural style: Bungalow, Attached, Common walls: OneCommonWall, Construction materials: Stucco
Community
Gated
Cooling
Electric
Accessibility Features
Accessibility features: None
Fireplaces
None
Income
Gross income: $46,775, Net operating income: $26,319
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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