732 S Ferris Avenue
Los Angeles, CA 90022
$251,000.00 (-15.21%)
Active for $1,399,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 10,630 sqft
| MLS | MB24142034 |
| Year Built | 1928 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $1,399,000 |
| Structure Size | N/A sqft |
| Lot Size | 10,630 sqft |
| Beds | N/A |
| Baths | N/A |
Description
Welcome to this Amazing opportunity to own a Great Producing 8 Unit Commercial Property located in the Heart of East Los Angeles that is generating great rental income already but has a ton of more potential room for growth. This property consist of 7 units 1 Bedroom 1 Bathroom and 1 Unit 3 Bedroom and 1 Bathroom. The property was just freshly painted on the exterior, a new roof was put in recently, and property has been well maintained. This property has its own laundry room with coin operated machines for tenants use and will generate extra income for you. Property is located on the County Side where water bill is cheaper and has a low cost to maintain the property. The property is located in a highly desirable area of East Los Angeles located steps away from the famous Whittier corridor and close to many shopping stores and major freeways 5, 710, and 60 FWYS. Due to it's location vacancies are a thing of the past when a property comes up for rent there's a line of tenants looking to rent. You wont want to miss this opportunity perfect for a 1031 Exchange or any one looking to tap into Commercial Real Estate. See you in Escrow :).
Listing information courtesy of: EDWIN BLANCO, CENTURY 21 REALTY MASTERS 323-695-1868. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Syuzi Hakobyan
Executive Director - Investments
Direct: 818.640.0208
Email: Email Me
DRE: 02126702
DRE #01873088
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