244 S AVENUE 18, LOS ANGELES CA 90031

  • 11,958 sq.ft.
  • 10,002 sq.ft. lot
offered at $3,895,000
MLS#:20652078
Status: Active // Property Type:
County: Los Angeles // Year Built: 2016

Property Description

We are pleased to present the opportunity to acquire 244 S Avenue 18, a newer constructed 6 unit apartment complex located in the heart of Lincoln Heights. This property was built in 2016 and offers 11,958 sq ft of rentable space situated on a 10,000 sq ft parcel. This 6 unit building offers a desirable mix of: six - large 4 bed | 3 bath units, plans are currently in plan check to convert a storage room into 1BD ADU. Currently one unit is leased for $3,750 while the other units are being leased as short term rentals grossing appx $5,000/mo for each unit. Each unit is separately metered for gas and electric and has its own water heater. Property offer tenants on-site laundry facilities and gated parking. High walkability, just steps from shops, restaurants, schools, library and more. The subject property is conveniently located within close proximity to the 10, 5, and 110 fwy and minutes away from Pasadena, Downtown Los Angeles, Glendale and Hollywood. 244 S Avenue 18 is a great oppor

Listing Courtesy of Shawn S. Kormondy, Keller Williams Beverly Hills

Interior Features

Heating: Central
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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