Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

2,005 sqft

Lot size

5,102 sqft

Year built

1958

Stories

2

Heating

Wall Furnace

Cooling

None

Status

Active

Days on market

122

MLS #

249093689

About this property

Excellent value-add opportunity! This Probate Sale (No Court Confirmation required), features a front two-unit Duplex with 2BDR / 1BTH each, and a detached SFR at rear on approx. 5,100 SF lot, Zoned R2-1. All Units will be Delivered Vacant at Close of Escrow. Great opportunity to renovate SFR and lease all units to maximize rental income, while also benefiting from on-site parking and creating additional income potential. Public records indicate the property is located in a (TOC) area; Buyer to verify, and may offer future redevelopment potential, making it attractive for both cash-flow and long-term investment strategies. Buyer shall conduct their own due diligence to their satisfaction and verify All zoning, TOC incentives, development opportunities, RSO, and land-use regulations with the appropriate City of Los Angeles departments and other corresponding governing agencies. This is a Probate Sale. No Court Confirmation required. This Property is sold As-Is, Where-Is.

Location

755 E 85th Street

Los Angeles, Los Angeles, CA, 90001