Seize this rare opportunity! This remarkable investment property in East Los Angeles just became even more enticing with a newly adjusted price!! This multifamily property is ideal for visionaries and investors alike. The front unit features 3 spacious bedrooms, 1 bathroom, and a generous 1,459 sqft of living space, complete with a large attached storage room. The back unit built in 1962 ;offers a comfortable 2-bedroom, 1-bathroom layout across 1,569 sqft, perfect for a variety of living arrangements.What sets this property apart is its incredible potential for transformation. With the ability to add up to 2 Additional Dwelling Units (ADUs) thanks to favorable zoning, you can significantly enhance rental income and capitalize on this prime location. Whether you’re an investor looking to maximize returns or a homeowner planning to live in one unit while renting out the other, this property offers flexibility and substantial opportunity.Situated with unparalleled access to major freeways (10, 5, 710, and 60), this property ensures convenience and connectivity for future tenants. This price adjustment represents a golden opportunity to maximize your investment. Whether you’re looking to renovate and rent or create a multi-generational living space, this property offers endless possibilities. Don’t miss out on this prime investment opportunity! Schedule your viewing and start planning your next project today.
Property Details
Price:
$848,000
MLS #:
P1-17816
Status:
Active
Beds:
5
Baths:
2
Address:
923 N Alma Avenue
Type:
Single Family
Subtype:
Duplex
Neighborhood:
elaeastlosangeles
City:
Los Angeles
Listed Date:
Apr 20, 2024
State:
CA
Finished Sq Ft:
1,880
ZIP:
90063
Lot Size:
7,280 sqft / 0.17 acres (approx)
Year Built:
1922
Schools
Interior
Appliances
Gas Range
Cooling
None
Fireplace Features
None
Flooring
Tile
Exterior
Community Features
Sidewalks, Street Lights, Storm Drains
Fencing
Block
Garage Spaces
1.00
Lot Features
Sprinklers None
Parking Spots
1.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
View
None
Water Source
Public
Financial
Map
Community
- Address923 N Alma Avenue Los Angeles CA
- AreaELA – East Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90063
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Courtesy of Berkshire Hathaway Home Servic. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Robert Barksdale include the name of the listing broker. Neither the listing company nor Robert Barksdale shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
923 N Alma Avenue
Los Angeles, CA
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