SELLER'S 2.35% LOAN IS ASSUMABLE! ONE UNIT LEASED FOR 12 MONTHS FOR $3,675 PER MONTH! The other 3 units have had rent increases as of May 1st. Amazing four-plex opportunity minutes from Downtown Los Angeles! An FHA buyer's dream, this unique complex will be delivered with one unit available for new owners to live in while renting the other three units. This well kept property consists of three 1bd/1ba bungalows and one large 1bd/1ba apartment located in the heart of the Historic Filipino Town. The adorable 1bd/1ba 1930's Spanish bungalows exude original charm with modern interiors. The bungalows are gut remodeled and re-imagined by the renowned firm Lehrer Architects. Functioning as independent homes with their own large fenced private yards. The bungalows feature open kitchen floor plans, high-end stainless-steel appliances, AC, laundry room, walk-in closets, updated flooring and bathrooms. The spacious apartment sits above the garage featuring an open living room, large kitchen, large walk-in closet, AC, recessed lighting, vinyl and wood flooring. This gated and secure complex has it all and boasts newer electrical, copper plumbing, windows, and doors throughout the property. Covered remote-gated tandem parking spaces for each unit. Occupied units command very strong rents from high quality tenants. Newer developments in the immediate neighborhood include multiple large multi-family projects, a Target and more to come in the very near future. Perfect for investors who want to enjoy low vacancy rates, high market rental rates and strong long-term appreciation. The property is also zoned R3 with big potential for developers to reimagine in a variety of ways. Do not disturb tenants!! Tour available upon accepted offer.
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Listing Agent: Stephanie Barnes
Listing Office: Real Estate EBroker, Inc.
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