4141 Floral Dr, East Los Angeles, California, United States

Report Listing

Home For Sale

$895,000

4141 Floral Dr
East Los Angeles, California, United States

Listed By: Realtyww Info

Listed On: 08/29/2024

Listing ID: GL11387800 View More Details

Description

Presenting a well-located multifamily property between City Terrace and East Los Angeles. This property operates as a three-unit property, offering a great mix of a 3-bedroom, 1-bath standalone unit at the rear, along with two units at the frontone with 3 bedrooms and 1 bath, and the other with 2 bedrooms and 1 bath. Key features include gated entry and parking options for tenants, all situated on a spacious 5, 999-square-foot lot. The units were built in 1927 and 1953, adding a touch of historical charm. The property is not subject to LA rent control, so it only falls under statewide AB 1482 rent controlgiving you more flexibility. Tenants are responsible for paying for their own gas and electricity, making this a low-maintenance option for investors. With its single-story layout and prime location in a rapidly developing neighborhood, this property is ideal for investors looking to either start or expand their rental portfolio. Please note that while the property has been operating as three units, it may be permitted as a two-unit property. Each unit has its own mailing address. Dont miss out on this exciting opportunity to invest in East LA!

For more details:

Listed by: Daisy De La Parra