2408-2410 North Eastern Avenue, Los Angeles, CA 90032
2408-2410 North Eastern Avenue, Los Angeles, CA 90032
2408-2410 North Eastern Avenue, Los Angeles, CA 90032
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Chit W Yip • Coldwell Banker Realty
$1,600,000
Est. payment /mo
6 Beds
6 Baths
3,736 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,736 sqft

Price per Sqft $428

MLS Listing ID P1-27820

Bedrooms 6

Full Baths 6

Year Built 1947

Lot Size 0.333 Acres

Property Sub-Type Triplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Don't miss this incredible investment opportunity to purchase two detached two triplexes together with five adjacent vacant land parcels listed under MLS # P1-27046 ( Parcel #5216-007-011, 012, 017, 010 & 022) , comprising approximately 2.15 acres in total, the properties are offered as one package for $2,000,000 and are zoned LARD5 in a prime El Sereno location near Alhambra! This two triplexes featuring six 1 bedroom & 1 bath units along with six detached single car garages, one assigned parking on driveway to each unit. 2408 N Eastern Ave has one unit is expected to be delivered vacant in July, and the Seller plans to remodel it, adding value and enhancing its rental appeal. 2410 N. Eastern Ave has two units have recently become vacant and have been remodeled. Both two triplexes have separate driveways providing direct access to their garages, with 1.82 acres the vacant land situated immediately behind them. The five adjacent parcels are included in the sale. Of the total purchase price, $400,000. is allocated to the land. The property features a substantial amount of flat and usable land, offering excellent potential for future development of multiple residential buildings etc. ( Buyer to verify all development possibilities with the City of Los Angeles ). Ideally located just minutes from California State University, LA, South Pasadena, Alhambra and DTLA, with convenient access to the 10, 110 and 710 major freeways, transit options, shopping, dining and other local amenities. A rare opportunity for investors, developers, or owner-users seeking immediate rental income with significant future development potential. Price to sell! The currently occupied units are rented at $1,200 per month, well below market, as the Seller has not increased the rents for many years. Comparable vacant units have an estimated market rental value of approximately $1,700 to $1,800 per month, offering excellent upside rental potential.

Location

State CA

County Los Angeles

Area La - Los Angeles (L)

Zoning LARD5

Interior

Interior Features Sunken Living Room, Unfurnished

Heating None

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile

Fireplaces Type None

Inclusions Please see the remark.

Laundry None

Exterior

Parking Features Assigned, Driveway

Garage Spaces 6.0

Pool None

Community Features Curbs, Street Lights

View Y/N No

View None

Building

Lot Description Sprinklers None

Sewer Public Sewer, Sewer Paid

Schools

Elementary Schools El Sereno

Middle Schools El Sereno

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Nearby School & Business

Paul Ward
Paul Ward

Broker Associate | License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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