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$2,200,000
Est. payment /mo
0.41 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25058512
HOA Y/N No
Year Built 1921
Lot Size 0.407 Acres
Property Sub-Type Apartment
Property Description
An exceptional chance to acquire two properties on adjacent lots at 11143 & 11137 Van Buren Ave, Los Angeles, CA 90044. This well-maintained 7-unit portfolio consists of a 3-plex and a 4-plex, offering strong current income and future development opportunities.
Property is Eligible for Both Residential & Commercial Financing...Total Building Size: 6,468 sq. ft. | Total Lot Size: 17,713 sq. ft.
...Excellent Unit Mix – All 2-Bedroom, 1-Bathroom Units
...All Section 8 Tenants – Ensuring Reliable Rental Income
...Zoned LC R320U* – Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR ...Potential to Add Up to 7 ADUs (Buyer to Verify)
Prime Location – Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're an investor looking to expand your portfolio or seeking a cash-flowing, high-potential multi-family property, this is a rare opportunity in a rapidly growing area of Los Angeles.
Property is Eligible for Both Residential & Commercial Financing...Total Building Size: 6,468 sq. ft. | Total Lot Size: 17,713 sq. ft.
...Excellent Unit Mix – All 2-Bedroom, 1-Bathroom Units
...All Section 8 Tenants – Ensuring Reliable Rental Income
...Zoned LC R320U* – Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR ...Potential to Add Up to 7 ADUs (Buyer to Verify)
Prime Location – Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're an investor looking to expand your portfolio or seeking a cash-flowing, high-potential multi-family property, this is a rare opportunity in a rapidly growing area of Los Angeles.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 7
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by Evelyn Baez Gonzalez • Lyon Stahl Investment Real Estate, Inc. • 951-902-3006