Property listed by WeTrust Realty, Roland Castelar 626-587-4866
$799,000
Situated in the heart of Lincoln Heights in Northeast Los Angeles, this rare multifamily offering presents an exceptional opportunity for investors, developers, and value-add buyers seeking strong upside in a rapidly improving submarket. The property features three separate structures on a large lot, providing both immediate rental income and future… Read More development potential.The existing improvements consist of 5 bedrooms and 3 bathrooms across the structures. The property is generating consistent cash flow, making it an attractive option for buyers seeking stabilized income with long-term appreciation. Elevated positioning offers pleasant neighborhood views .Additional highlights include ample outdoor space, mature fruit trees, and Four garage parking spaces. The property is centrally located near Downtown LA, Highland Park, Pasadena, and major transportation corridors, benefiting from strong rental demand and proximity to employment centers, dining, and cultural amenities.For investors or developers, the expansive lot and existing layout may allow for ADU additions , reconfiguration, or redevelopment, subject to buyer verification of zoning, density, and local regulations. The property is offered AS-IS and requires improvements, creating a clear value-add opportunity with the potential for significant return on investment.Buyer to verify square footage, property condition, and all development possibilities. Read Less
Listing Snapshot
Days Online
7
Last Updated
Property Type
Triplex
Lot Size
0.31 Acres
Year Built
1902
MLS Number
P1-25318
Additional Details
Property Access
Frontage Type: CityStreet
Building
Built in 1902, 3 buildings, 2 stories, Levels: MultiSplit, Entry level: 2, Entry location: 2 floors, Construction Materials: Plaster, Stucco
CableAvailable, ElectricityConnected, NaturalGasAvailable, SewerConnected, WaterConnected, Water Source: Public, 3 separate electric meters, 3 separate gas meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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