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    254 E Lanzit Avenue

    Los Angeles (City), CA 90061
    • $1,450,000
    • STATUS: Active
    • ON SITE: 158 days
    • ID#: 20654952
    $1,450,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,600
      SQFT
    • $259
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    Excellent Cash Flowing Opportunity in the heart of South Los Angeles! Building is currently occupied by Section 8 Tenants that are current with rent and are continuing to pay. Fantastic unit mix of 5 - 3 bedroom units. Unit #1 is a townhome style with 2 floors. Currently 3 (units 3, 4, & 5) of the units are vacant which would allow a new owner owner to select their own tenants. Building is 5,600 Sq. Ft. on a large 10,512 Sq. Ft. lot. There is ample on-site parking for all units. There is also a laundry room on-site that is not currently in use but a new owner could take advantage of to produce additional revenue.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T00:25:45.477. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/111562622
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    254 E Lanzit Avenue Los Angeles (City), CA 90061

    • Price: $1,450,000
    • Status: Active
    • ID#: 20654952
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    5,600
    SQFT
    $259
    $/SQFT
    1991
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    Excellent Cash Flowing Opportunity in the heart of South Los Angeles! Building is currently occupied by Section 8 Tenants that are current with rent and are continuing to pay. Fantastic unit mix of 5 - 3 bedroom units. Unit #1 is a townhome style with 2 floors. Currently 3 (units 3, 4, & 5) of the units are vacant which would allow a new owner owner to select their own tenants. Building is 5,600 Sq. Ft. on a large 10,512 Sq. Ft. lot. There is ample on-site parking for all units. There is also a laundry room on-site that is not currently in use but a new owner could take advantage of to produce additional revenue.
    Exterior Features

    Lot Size Dimensions 52X209 Lot Size Units Square Feet Parking Features Tandem Garage Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes Laundry Features Community

    Property Features

    Country Us Gross Income 159000.00 Gross Multiplier 9.43 Gross Operating Income 159000.00 Laundry YN Yes Net Operating Income 113862.00 Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 45138.00 Vacancy Allowance Rate 0.00 Zoning Lard2

    Listing provided courtesy of Michael R. Fukushima of Keller Williams Downtown La and Stephen F. Watson of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T00:25:45.477. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691