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528 South Avenue 19, Los Angeles, CA 90031

$699,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 6 days ago
528 South Avenue 19, Los Angeles, CA 90031 View this property at 528 South Avenue 19, Los Angeles, CA 90031
528 South Avenue 19 Los Angeles CA 90031

Property Description

Opportunity to own 3 Units + 9 Bedroom Rooming House in one of LA's hottest neighborhoods, Lincoln Heights. Actual Income of $6,126/month - $73,513/year with good in-place income/cash flow + future upside in rents + value add potential for unused spaces. The site consists of 2 buildings connected by a breezeway totaling 3,696 square feet. The front building has 2, 1/1 Units that are spacious with high ceilings on the 1st floor and 9 Bedrooms + 2, 1/4 baths, shower room, and kitchen area on the 2nd floor. The back building consists of 2 bedrooms, storage room, and potential for additional income by re-configuring unused spaces (see floorplan). Minutes to vibrant DTLA, Chinatown, and leafy 32-acre LA State Historic Park. Capitalize on
LA River Revitalization Plans, Albion Riverside Park (6-acre extension of Downey Park), and proposed mixed use developments coming to Lincoln Heights.

Full Property Details for 528 South Avenue 19

  • Price: $699,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 317001952
  • Updated: 4/24/2017
  • Added: 41 day(s) ago

Property History

  • 528 South Avenue 19, Los Angeles, CA
  • Listed at $699,000 on 3/20/17

Interior

  • Flooring: Other

Location

  • Area: Lincoln Heights (677)
  • County: Los Angeles
  • Development Name: Lincoln Heights (677)
  • Cross Streets: Main Street
  • Driving Directions: North of Main Street across from Brewery Arts Complex.

Utilities

  • Water District: LADWP
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 1

Structural Information

  • # Buildings: 2
  • Foundation: Raised Foundation
  • Common Walls: Attached
  • Stories/Levels: Two Level
  • Stories Description: Two Level
  • Square Feet: 3,696
  • Year Built: 1897
  • Other Struct. Feat.: Balcony

Unit Information

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Bedrooms: 2

Unit 4

  • Bedrooms: 1

Unit 5

  • Bedrooms: 1

Unit 6

  • Bedrooms: 1

Unit 7

  • Bedrooms: 1

Unit 8

  • Bedrooms: 1

Unit 9

  • Bedrooms: 1

Unit 10

  • Bedrooms: 1

Unit 11

  • Bedrooms: 1

Unit 12

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size Source: Public Records
  • Zoning: LAM2

Financial Considerations

  • Price Per Sq. Ft.: $189.12
  • Price Per Acre: $9,246,031.75
  • Terms: Cash, Cash to New Loan

Disclosures and Reports

  • Legal Disclosures: Rent Control

Listed by Berkshire Hathaway HomeServices California Properties, Norman Kawaguchi - CA DRE: 01438116

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Estimate the Cost

528 South Avenue 19 will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

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In the Community

Nearby Schools

528 South Avenue 19, Los Angeles, CA 90031 (MLS# 317001952) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 528 South Avenue 19 is currently listed for $699,000 and was received on March 20, 2017. Want to learn more about 528 South Avenue 19? Do you have questions about finding other Multi-Family real estate for sale in Lincoln Heights? You can browse all Lincoln Heights real estate or contact a Coldwell Banker agent to request more information.

Listed by Berkshire Hathaway HomeServices California Properties, Norman Kawaguchi - CA DRE: 01438116