120 N Avenue 25 Open House Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90031
OPEN HOUSE
Sat Dec 06, 12:00pm - 3:00pm Sun Dec 07, 12:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,640 sqft
Price per Sqft $370
MLS Listing ID 25614747
Style Contemporary
Bedrooms 10
Year Built 1922
Lot Size 5,288 Sqft
Property Sub-Type Multi-Family
Property Description
Investor's Delight! Rare opportunity to acquire a four-unit income property in one of Los Angeles' fastest growing neighborhoods, and three of the four units will be delivered vacant at the close of escrow. With the ability to immediately place market-rate tenants, this is a perfect value-add investment with future upside already built in. Located in the vibrant Lincoln Heights community, this 1920s character building sits in an incredible central location just moments from the 5, 110, and 101 Freeways, providing fast access to Downtown LA, Chinatown, Elysian Park, Dodger Stadium, Highland Park, Echo Park, Silver Lake, Los Feliz, and Pasadena. Commuting, exploring, dining, and entertainment couldn't be more convenient. The property features three vacant units plus one tenant-occupied unit, allowing investors to reposition the building immediately. Each unit has its own charm, natural light, and functional layout. The building is individually metered for electricity and gas, offering lower owner expenses and simplified management. A major bonus: this property provides the potential to add an ADU or additional units on the spacious rear portion of the lot (buyer to verify with the City of Los Angeles). With increasing demand for quality housing in central LA, the opportunity to maximize income is exceptional. Additional features include onsite parking spaces for multiple cars, rear alley access, and a highly walkable community surrounded by local restaurants, markets, outdoor recreation, and historic neighborhood charm. Whether you plan to maximize rental income, add new units, or reposition the property long-term, this property offers multiple strategies for impressive return on investment. Four units, three vacant, prime location, strong rental upside, separately metered utilities, parking, and future development potential opportunities like this rarely hit the market. Don't miss your chance to own a strategic investment in one of Los Angeles' most centrally connected and rapidly improving neighborhoods.
Location
State CA
County Los Angeles
Area Lincoln Heights
Zoning LARD2
Rooms
Other Rooms Shed(s)
Interior
Heating Radiant
Cooling Air Conditioning
Fireplaces Type None
Equipment Gas Dryer Hookup
Exterior
Parking Features Garage - 2 Car, Driveway - Concrete, Driveway Gate
Garage Spaces 8.0
Pool None
View Y/N Yes
View City, Tree Top, Skyline, Peek-A-Boo
Roof Type Flat
Building
Story 2
Water District
Structure Type Stucco
Others
Special Listing Condition Standard