Property Detail

Description

Subject property is a 4,032 SF 4plex built in 1921 and situated on a spacious 9,001 SF lot. It can be sold separately or together with a 3plex on the adjacent lot at 11143 Van Buren Ave. The 7-unit portfolio consists of a 3-plex and a 4-plex, offering strong current income of $16,671/month and future development opportunities. (Income for 4plex is $9,538/month) ...Excellent Unit Mix of All 2-Bedroom, 1-Bathroom Units, All Section 8 Tenants. Total Lot Size: 9,001 sq. ft Lot Zoned LC R320U* provides Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR Potential to build ADUs... Prime Location – Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're an investor looking to expand your portfolio or seeking a cash-flowing, high-potential multi-family property, this is a rare opportunity in a rapidly growing area of Los Angeles.