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Listed by Evelyn Baez Gonzalez • Lyon Stahl Investment Real Estate, Inc.
$895,000
Est. payment /mo
2,436 SqFt
Price Dropped by $155K
11143 Van Buren Ave Los Angeles, CA 90044
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,436 sqft
Price per Sqft $367
MLS Listing ID SB-25058449
Year Built 1923
Lot Size 8,712 Sqft
Property Sub-Type Triplex
Property Description
Subject property is a 2,634 sq ft 3plex built in 1923 and situated on a spacious 8,712 SF lot. It is sold together with a 4plex on the adjacent lot at 11137 Van Buren Ave. This well-maintained 7-unit portfolio consists of a 3-plex and a 4-plex, offering strong current income of $17,037/month and future development opportunities. This investment is Eligible for Both Residential & Commercial Financing...Total Building Size: 6,468 sq. ft. | Total Lot Size: 17,713 sq. ft....Excellent Unit Mix of All 2-Bedroom, 1-Bathroom Units...All Section 8 Tenants - Ensuring Reliable Rental Income... Lot Zoned LC R320U* provides Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR Potential to Add Up to 7 ADUs (Buyer to Verify)...Prime Location - Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're an investor looking to expand your portfolio or seeking a cash-flowing, high-potential multi-family property, this is a rare opportunity in a rapidly growing area of Los Angeles.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Fireplaces Type None
Laundry None
Exterior
Parking Features Assigned
Garage Spaces 3.0
Pool None
Community Features Sidewalks, Street Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer