528 S Avenue 19

  • Los Angeles

  • $699,000
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Residential Income Details

Description
Opportunity to own 3 Units + 9 Bedroom Rooming House in one of LA's hottest neighborhoods, Lincoln Heights. Actual Income of $6,126/month - $73,513/year with good in-place income/cash flow + future upside in rents + value add potential for unused spaces. The site consists of 2 buildings connected by a breezeway totaling 3,696 square feet. The front building has 2, 1/1 Units that are spacious with high ceilings on the 1st floor and 9 Bedrooms + 2, 1/4 baths, shower room, and kitchen area on the 2nd floor. The back building consists of 2 bedrooms, storage room, and potential for additional income by re-configuring unused spaces (see floorplan). Minutes to vibrant DTLA, Chinatown, and leafy 32-acre LA State Historic Park. Capitalize on LA River Revitalization Plans, Albion Riverside Park (6-acre extension of Downey Park), and proposed mixed use developments coming to Lincoln Heights.
Essential
MLS #317001952
Price$699,000
Number of Units12
Sale TypeStandard
StatusActive
Listing BrokerageBerkshire Hathaway HomeService
Listing AgentNorman Kawaguchi
Listing Agent BRE #01438116
Interior
FeaturesBalcony
FloorSee Remarks
Exterior
Garage Spaces0
Community
Area677 - Lincoln Hts
Address528 S Avenue 19
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90031
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, March 23, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.