CA > Los Angeles
Los Angeles, CA 90018,2319 2nd Ave
Los Angeles, CA 90018,2319 2nd Ave
Los Angeles, CA 90018,2319 2nd Ave
Los Angeles, CA 90018,2319 2nd Ave
Los Angeles, CA 90018,2319 2nd Ave
Los Angeles, CA 90018,2319 2nd Ave
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John Rhee

John Rhee

+1(714) 675-5821
$ 1,200,000
Est. payment | /mo

12 Beds

8 Baths

7,042 SqFt

Save
$ 1,200,000
Est. payment | /mo
Save

12 Beds

8 Baths

7,042 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,042 sqft

Price per Sqft $170

MLS Listing ID 24-378001

Bedrooms 12

Year Built 1921

Lot Size 0.289 Acres

Acres 0.289

Property Description

An incredibly rare 4-Unit Investment Opportunity in Jefferson Park, nestled on a Massive corner lot. This two-story Fourplex built in 1921, boasts 7,042+/-sqft of livable space and offers a desirable unit-mix of (2) 3 bedrooms/2 bath & (2) 3 bedrooms/1.5 baths. The formal living and dining room completes the spacious floor plans. The expansive 12,583+/-SF Lot Zoned for RD2 is prime for potential development, multiple ADU's or redevelopment into a larger residential complex subject to local regulations. Located in a revitalized district with rising property values and a strong demand for housing options. All units are tenant occupied with a generous rental upside $69,900/annually (+/-4.6% CAP Rate, +/-17.39 GRM). Add value opportunity with potential projected rental income of $153,600+/-/annually (+/-9.83% cap rate, +/-8.14 GRM). Gas & Electric are separately metered with a common building meter, and one water meter. Off-street parking can accommodate (8) spaces in rear. All on the same parcel, step outside to a tranquil front yard with grass for play and enjoy gardening at the community garden on the attached side yard- separate water meter attached to community garden- water consumption paid by LACGC. A thriving community with close proximity to West Adams, USC, DTLA, 10 FWY, Metro Expo Line, and plenty of exciting food options, including Insta famous Phillips Bar-B-Que. Whether you're looking to expand your investment portfolio or embark on a new development project, this fourplex offers the perfect blend of passive income and long-term growth potential.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Floor Furnace

Cooling None

Equipment None

Exterior

Garage Carport Detached

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Probate Listing

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Corcoran Icon Properties

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John Rhee

Team Leader | License ID: 2203336

+1(714) 675-5821 | johnrhee.re@gmail.com

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2319 2nd Ave