Listing by: Anna Kadinowa, Christie's AKG
2 Beds
1 Bath
800 SqFt
Active
Don't miss out on this remarkable opportunity! Three single houses on individual lots, recently subdivided, are now available for sale, offering a multitude of possibilities for both investors and homeowners. Whether you're interested in acquiring one house or all three, the potential for rental income or creating a family compound is truly captivating. The property at 2340 E 119th Street has the largest lot size and features a 2-bedroom, 1-bathroom house. Recent upgrades, including wood looking tile flooring, a new sewer, main water line and driveway, ensure peace of mind and enhance the value of the property. With current tenants already in place, generating an annual rent of $19,200, this property offers significant income-raising potential, as there are no rent increase restrictions in the unincorporated Los Angeles County Area. The rent can be increased now, since it was not increased in February when the Covid restrictions were lifted. Whether you're considering renovation, expansion, adding an ADU, or exploring different usage options, this property serves as the perfect canvas for realizing your vision. Strategically situated in close proximity to MLK Hospital, the 105 and 110 freeways, King/Drew Magnet High School of Medicine and Science, Charles R. Drew University, and Mona Park, this property boasts a prime location with easy access to essential amenities and services. Furthermore, its strategic position in the thriving LA real estate market promises ample opportunities for growth and appreciation. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS.
Property Details | ||
---|---|---|
Price | $500,000 | |
Bedrooms | 2 | |
Full Baths | 1 | |
Half Baths | 0 | |
Total Baths | 1 | |
Property Style | Modern | |
Lot Size Area | 7352 | |
Lot Size Area Units | Square Feet | |
Acres | 0.1688 | |
Property Type | Residential | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Single Family Residence | |
Stories | 1 | |
Year Built | 1961 | |
Heating | Natural Gas | |
Pool features | None | |
Parking Description | Carport,Driveway | |
Parking Spaces | 4 | |
Geographic Data | ||
Directions | Google Maps | |
County | Los Angeles | |
Latitude | 33.924461 | |
Longitude | -118.2304 | |
Market Area | C37 - Metropolitan South | |
Address Information | ||
Address | 2340 119th Street, Los Angeles, CA 90059 | |
Postal Code | 90059 | |
City | Los Angeles | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Christie's AKG | |
Listing Agent | Anna Kadinowa | |
Buyer Agency Compensation | 2.000 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 11 | |
MLS Status | Active | |
Listing Date | Apr 26, 2024 | |
Listing Last Modified | May 7, 2024 | |
Tax ID | UNAVAILABLE | |
MLS Area | C37 - Metropolitan South | |
MLS # | 24379065 |
This information is believed to be accurate, but without any warranty.