Property Detail

Description

Investor REO Opportunity in Prime Location. 3 Bed, 1 Bath 967 Sqft home in front. 8 bedroom, 4 bathroom, 2930 Sqft unit in the rear. Per EPIC LA records, the 8 Bedroom rear unit (3948 E 6th) appears to have passed plan review in March 2023 but other approvals and permits may be incomplete. Buyers and Brokers strongly advised to verify status of all permits with the local building departments to satisfy themselves. While further due diligence is required, the high bed count rear unit may be suitable for Single Room Occupancy (SRO) housing, group home, or other creative rental use. This could represent a strong opportunity for an investor seeking cash flow through city programs or shared housing strategies. At present moment the property is being sold without interior access, with the occupants in place, and will require all cash or hard/private money financing. Contact us today to explore this intriguing investment.