2333 Eastlake Avenue,Los Angeles, CA 90031
Los Angeles, CA 90031
Description
Discover an investment opportunity in the desirable Lincoln Heights neighborhood of Los Angeles? This huge lot property has been home to long-term, stable tenants, offering consistent occupancy and income. This multi-unit property features a total of 6 units across two separate dwellings with total of 7 bedrooms and 6 bathrooms, offering flexibility and long-term potential upside for savvy investors. With strategic management and thoughtful improvements over time, investors can capitalize overall property value. The property's setup and location, also make it especially attractive for those looking to implement a long-term investment strategy. The front building is the original which has 3 units, the rear two levels building which was added in the 1950s has 3 units as well. Ideally located near major landmarks and employment hubs, the property is just minutes from LAC+USC Medical Center, Chinatown, and Dodger Stadium, with Downtown Los Angeles nearby. Tenants benefit from convenient access to major freeways, public transportation, dining, shopping, and entertainment.
Details
| MLS # | AR26066754 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1902 |
| Days On Site | 195 |
| Listing Provided By | Wetrust Realty | Samuel Goh |
Features
| SQ Feet | 3,531 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 2 |
| Acreage | 0.19 |
| Property View | None |
Interior
| Appliances | Convection Oven |
|---|
Exterior
| Security Features | Carbon Monoxide Detectors, Smoke Detectors, Window Bars |
|---|
Parking
| Parking Features | One Space |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Available, Natural Gas Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $890,000 low | high Med: $1,563,500 sqft: 3,531 low | high Med: 4,983 $ / sqft: $252 low | high Med: $325 On site: 195 low | high Med: 116 | |
Market Activity 90031
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $890,000 low | high Med: $1,563,500 sqft: 3,531 low | high Med: 4,983 $ / sqft: $252 low | high Med: $325 On site: 195 low | high Med: 116 | |
