MarketPier

408 S Avenue 20 - Lincoln Heights, CA 90031

$735,000
Listing Description

Favorable price adjustment ! Excellent investment opportunity. 4 Units. Large lot size over 9,000 square feet. Convenient location with easy access to the 5 Freeway. Front building has a 2 bed 1 bath unit and a 1 bed 1 bath unit. Second building is a 1 bed 1 bath unit. Third building is a 1 bed 1 bath unit. Approximate living square footage of the combined 4 units is 3,025 sq ft. Long driveway leads to a garage. Updated flooring inside the units. Lincoln Heights neighborhood is revitalizing. Located nearby Chinatown, Downtown LA, Dodger Stadium, and San Antonio Winery. Rental Income and Property Expense information provided is pro forma.

Listing Information
MLS Number
AR19135799
APN/Parcel ID
5410020041
Type
Multifamily
Sub Type
Multifamily
Building Size
3,025 sqft
Lot Size
9,122 sqft
Price / SQFT
$243
No Units
4
Price / Unit
$183,750
Gross Scheduled Income
$46,140
Expenses
$17,300
Total Expenses
$17,300
Net Income
$28,840
Listing Date
6/10/2019
Days Active
99
Last Updated
9/18/2019
Listing Provided By
Hank Hoang
6000 Capital Legacy Inc.
BRE# 01421175

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