2408 2410 N Eastern Avenue,Los Angeles, CA 90032
Los Angeles, CA 90032
Description
Don't miss this incredible investment opportunity to purchase two detached two triplexes together with five adjacent vacant land parcels listed under MLS # P1-27046 ( Parcel #5216-007-011, 012, 017, 010 & 022) , comprising approximately 2.15 acres in total, the properties are offered as one package for $2,000,000 and are zoned LARD5 in a prime El Sereno location near Alhambra! This two triplexes featuring six 1 bedroom & 1 bath units along with six detached single car garages, one assigned parking on driveway to each unit. 2408 N Eastern Ave has one unit is vacant and the Seller plans to remodel it, adding value and enhancing its rental appeal. 2410 N. Eastern Ave has two units have recently become vacant and have been remodeled. Both two triplexes have separate driveways providing direct access to their garages, with 1.82 acres the vacant land situated immediately behind them. The five adjacent parcels are included in the sale. Of the total purchase price, $400,000. is allocated to the land. The property features a substantial amount of flat and usable land, offering excellent potential for future development of multiple residential buildings etc. ( Buyer to verify all development possibilities with the City of Los Angeles ). Ideally located just minutes from California State University, LA, South Pasadena, Alhambra and DTLA, with convenient access to the 10, 110 and 710 major freeways, transit options, shopping, dining and other local amenities. A rare opportunity for investors, developers, or owner-users seeking immediate rental income with significant future development potential. Price to sell! The currently occupied units are rented at $1,200 per month, well below market, as the Seller has not increased the rents for many years. Comparable vacant units have an estimated market rental value of approximately $1,700 to $1,800 per month, offering excellent upside rental potential.
Details
| MLS # | P1-27820 |
|---|---|
| Listing Type | For Sale |
| Style | Triplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1947 |
| Days On Site | 54 |
| Listing Provided By | Coldwell Banker Realty | Chit Yip |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,736 |
| Garage | 6 |
| Story(s) | 1 |
| Zoning | LARD5 |
| Acreage | 0.33 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Interior Features | Eat In Kitchen, Sunken Living Room, Unfurnished, Bedroom On Main Level |
| Appliances | Gas Cooktop, Gas Oven, Gas Range |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Stucco |
| Foundation Details | Slab |
| Lot Features | Sprinklers None |
| Fencing | Chain Link |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Assigned, Driveway |
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer, Sewer Tap Paid |
|---|
Location
| Community Features | Curbs, Street Lights |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90032 |
| Community Name | Not Applicable |
| Listing VS Median (in Not Applicable) | |
Price: $1,600,000 low | high Med: $1,775,000 sqft: 3,736 low | high Med: 7,123 $ / sqft: $428 low | high Med: $250 On site: 54 low | high Med: 133.5 | |
Market Activity 90032
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90032 |
| Community Name | Not Applicable |
| Listing VS Median (in Not Applicable) | |
Price: $1,600,000 low | high Med: $1,775,000 sqft: 3,736 low | high Med: 7,123 $ / sqft: $428 low | high Med: $250 On site: 54 low | high Med: 133.5 | |
