939 S Lorena Street,Los Angeles, CA 90023
Los Angeles, CA 90023
Description
Major Price Improvement! Incredible investment opportunity or ideal owner-user property! This multi-unit property features three units, including a recently renovated front unit that will be delivered vacant at close of escrow. The property consists of two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The main front house can be easily converted back to a 3 bed 2 bath home. Each unit is separately metered for water, gas, and electricity, offering added convenience and cost transparency. The layout is well-suited for extended family living or generating rental income. Current rents are below market, presenting strong upside potential for investors. The property will be delivered with tenants in place in two units; the front unit will be vacant. Please do not disturb tenants. Showings by appointment only--contact the listing agent for access. Buyers are advised to conduct their own due diligence regarding tenancy and occupancy options. The seller will not pursue tenant relocation or provide credits for associated costs. Located in an area experiencing significant recent development, this property presents an excellent opportunity for both income generation and long-term growth. Prime Location: Convenient access to major freeways including the 5, 10, 60, 710, and 110. Easy commute to downtown via the newly developed 6th Street Bridge. The surrounding area is experiencing strong growth, with multiple mixed-use developments underway. Additional Notes: Information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own due diligence and consult with professionals.
Details
| MLS # | V1-36031 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1907 |
| Days On Site | 123 |
| Listing Provided By | RE/MAX Gold Coast REALTORS | Daniel Brooks |
Features
| SQ Feet | 1,822 |
|---|---|
| Story(s) | 2 |
| Building(s) | 2 |
| Acreage | 0.13 |
| Property View | Yes |
Interior
| Cooling | Ductless, Wall Window Units |
|---|---|
| Heating | Ductless, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Beamed Ceilings, Built In Features, Granite Counters, Laminate Counters, Unfurnished |
| Window Features | Blinds |
| Appliances | Gas Oven |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Security Features | Smoke Detectors |
| Construction Materials | Stucco, Wood Siding |
| Foundation Details | Raised, Slab |
| Lot Features | Yard |
| Fencing | Chain Link |
Parking
| Parking Features | Concrete, Driveway, Gated, Rv Access Parking, Shared Driveway, On Street, Side By Side |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Biking, Curbs, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90023 |
| Area | BOYH Boyle Heights |
| Community Name | Not Applicable |
| Listing VS Median (in Not Applicable) | |
Price: $729,000 low | high Med: $1,674,000 sqft: 1,822 low | high Med: 5,324 $ / sqft: $400 low | high Med: $334 On site: 123 low | high Med: 104 | |
Market Activity 90023
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90023 |
| Area | BOYH Boyle Heights |
| Community Name | Not Applicable |
| Listing VS Median (in Not Applicable) | |
Price: $729,000 low | high Med: $1,674,000 sqft: 1,822 low | high Med: 5,324 $ / sqft: $400 low | high Med: $334 On site: 123 low | high Med: 104 | |