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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,944 sqft
Price per Sqft $266
MLS Listing ID 23308211
Sold Date 12/26/23
Bedrooms 11
HOA Y/N No
Year Built 1972
Lot Size 8,315 Sqft
Property Description
We are pleased to introduce 347 South Avenue 19, a 5-unit apartment complex situated in the heart of Lincoln Heights. Coming to market for the first time in 45-years, this property offers investors a golden chance to realize substantial rental growth as units become available. Built in 1972, the property features (1) 3-Bedroom/2-Bathroom Single Family Residence, accompanied by (4) 2-Bedroom/1 Bathroom units. Spanning 3,944 square feet of living space, the property is situated on an 8,317 square foot lot which provides the potential to add ADUs (Buyer to verify). All units are individually metered for gas and electricity, and the property provides tenants with 5 covered parking spots. Located north of N. Main Street and west of the 5 freeway, this property boasts a commendable walk score of 84. Nearby, you'll find local supermarkets, emerging restaurants, and the renowned Chavez Ravine, home of Dodger stadium. Downtown Los Angeles, Chinatown, the Arts District, Boyle Heights, and many more neighborhoods are merely a brief drive away. Plus, with seamless access to both the 110 and 5 freeways, navigating the Greater Los Angeles becomes a breeze.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LARD1.5
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Covered
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5447030005
Special Listing Condition Standard
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Bought with VICTOR GARCIA • REALTY WORLD CALIFORNIA PROPERTIES