Listing by: EDWARD KOSASIH, PARTNER Real Estate, 626-474-3288

8 Beds

4 Baths

3,032 SqFt

Active

One VACANT Unit--We are pleased to present a Remarkable 4-Unit Multi-family Asset located in a highly Desirable Investment Area of East Los Angeles. Nestled near the renowned Citadel Outlets Shopping Center and just a few blocks away from the city of Montebello, this is a Great Investment and 1031 Exchange Opportunity that you don't want to miss! This Amazing 4 Units Quadruplex consists of: 2x (2 beds & 1 bath) and 2x (1 bed & 1 bath). The property also includes a private Laundry room, separate Meters, and a Detached 4-Car Garage. Spanning over 5,500sf Corner Lot, this investment opportunity provides ample space for tenants to enjoy onsite open and private yard areas. Each well-kept unit features a spacious living room area, an equipped kitchen, and generously sized bedrooms. Given the longevity of ownership and great long tenants, the future investor can have a significant potential to achieve over 70% Upside in Rental Income. With its combination of Desirable Layout, Prime Location, and Value-Add potential, this asset is poised to deliver exceptional returns to its new owner. This won't last!

Property Details
Price $925,000
Bedrooms 8
Full Baths 4
Total Baths 4
Lot Size Area 5653
Lot Size Area Units Square Feet
Acres 0.1298
Property Type Residential
Sub type Quadruplex
MLS Sub type Quadruplex
Stories 2
Year Built 1955
View Neighborhood
Lot Description Corner Lot,Yard
Laundry Features See Remarks
Pool features None
Parking Spaces 4
Garage spaces 4
Association Fee 0
Geographic Data
Directions cross street: E Olympic Blvd/Simmons Ave
County Los Angeles
Latitude 34.014236
Longitude -118.145085
Market Area 699 - Not Defined
Address Information
Address 5838 Allston Street, Los Angeles, CA 90022
Postal Code 90022
City Los Angeles
State CA
Country United States
Listing Information
Listing Office PARTNER Real Estate
Listing Agent EDWARD KOSASIH
Listing Agent Phone 626-474-3288
Attribution Contact 626-474-3288
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard,Trust
Ownership None
School Information
District Montebello Unified
MLS Information
Days on market 93
MLS Status Active
Listing Date Aug 8, 2024
Listing Last Modified Nov 15, 2024
Tax ID 6339006006
MLS Area 699 - Not Defined
MLS # WS24164213

This information is believed to be accurate, but without any warranty.
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