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Listing Courtesy Of: Corcoran Icon Properties, 510-428-0900, Giuseppe Zumbo
Listing Sold By: Corcoran Icon Properties
Local Realty Services Provided By: Keller Williams Realty Larchmont
US / CA / Los Angeles / West Adams Avenues / 2319 2nd Ave
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US / CA / Los Angeles / West Adams Avenues / 2319 2nd Ave
2319 2nd Ave, Los Angeles, CA 90018
12 Beds
8 Baths
sq ft
ac
US / CA / Los Angeles / West Adams Avenues / 2319 2nd Ave

2319 2nd Ave, Los Angeles, CA 90018

Estimation provided by Keller Williams Realty, LLC.
12 Beds
8 Baths
sq ft
ac
Sold
Sold
Open House:
See More Open House Schedules

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.

Property Details

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Overview
Property Type
Residential Income
Property Size
sq ft
Year Built
1921
Days on Site
362 Days
HVAC
Heating: Floor Furnace
Parking
4 Parking Spaces
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Activity History

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Car-Dependent Walkable Very Walkable
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