632 E 78th Street, Los Angeles, CA 90001
- $500,000
- 4
- BD
- 2
- BA
- 1,632
- SqFt
Listing courtesy of Listing Agent: Dana Coronado (dana@incomepropertiesla.com) from Listing Office: Compass.
- List Price
- $500,000
- Status
- Active Under Contract
- MLS#
- 26856133
- Year Built
- 1960
- Bedrooms
- 4
- Bathrooms
- 2
- Living Sq. Ft
- 1,632
- Lot Size
- 5,957
- Days on Market
- 23
- Property Type
- Multifamily
- Property Type
- Multifamily
- Style
- Spanish
- Stories
- One Level
Property Description
Excellent opportunity to purchase TWO detached homes on one lot on a nice, tree lined street for the price of one home! The front home (Unit # 632) provides appx 936 SF of living space and is configured as a 3Br+2Ba, and the rear home (Unit #630) offers appx 696 SF and is configured as a 2Br+1Ba. The property also includes a detached rear garage with alley access, and a permitted storage room attached to the garage that is a total of 640 SF (per permits). This could be a potential ADU conversion (Buyer to investigate). There is also open parking between each structure. Both homes are tenant occupied, and the property is subject to City of LA Rent Control (LA RSO). PROPERTY TO BE SOLD WITH TENANTS. Current rental income is over $3,000/mo, with room to double that when the units eventually turn over. Conveniently located just one block from John C. Fremont High School and McKinley Ave Elementary School, the property sits between Florence Ave and Manchester Ave, providing easy access to a variety of popular neighborhood dining destinations, markets, and everyday conveniences. With separate homes, rear alley access, and future value-add potential, this property offers an attractive opportunity for investors seeking both immediate cash flow and long-term upside. **Property is part of a larger 32-parcel portfolio sale of tenant occupied SFRs and Multifamily properties** Call Listing Agent #1 for more info**Portfolio sale can be purchased separately, or in bulk, more listings coming soon**
Additional Information
- Pool Description
- None
- Fireplace Description
- Living Room
- View
- None
- Exterior Construction
- Stucco
- Patio
- Covered
- Roof
- Composition
- Garage Spaces Total
- 2
- Sewer
- Sewer Tap Paid
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.