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790 Ferrari Ln

Ontario, CA 91764

1 909 294 2593

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4 Units in East Los Angeles

616 S Ford Blvd, East Los Angeles, CA 90022, USA
$945,000$236,250/Per Unit

Description

PROPERTY HIGHLIGHTS

INVESTMENT HIGHLIGHTS

  • Pride of Ownership – Many Recent Improvements!
  • Front Duplex Offers: New Electrical, New Plumbing, Remodeled Kitchens & Bathrooms, Tiled Floors, Recessed Lighting, New Appliances
  • All Units Offer: New Exterior Stucco and New Vinyl Windows
  • New Concrete Driveway & Parking Area
  • Units Separately Metered for Electricity & Gas and Have Individual Washer/Dryer Hookups

 

Attention Investors- Looking for an investment property that is meticulously maintained, comes with paying tenants, and has lucrative rental rates in place? Then this is the one! 4 pride of ownership units offered for sale located in the heart of East Los Angeles. The property consists of all single-story units distributed amongst 3 separate structures. The first structure is a duplex, of which both units are 1 bedroom/1 bathroom. This building has undergone a major renovation with new copper plumbing, new main electrical panel, new individual subpanels, new electrical wiring throughout including plugs and switches, as well as fully remodeled modern style kitchens and bathrooms. These 2 units also have individual washer/dryer hookups as well as brand new appliances. The second structure is a detached 1 bed/1bath cottage with private washer/dryer hookups with a long term tenant in place. The third structure is a detached 2bed/1bath cottage with private washer/dryer hookups with long term tenant in place. All structures have brand new vinyl windows, as well as brand new exterior stucco. Driveway and parking area was recently replaced with brand new concrete and offers 6 tandem parking spaces. All units are separately metered for Electricity and Gas while the owner pays for water and trash. Great rental location close to schools, shopping and transportation. Great opportunity to buy Los Angeles real estate at a 5+%CAP Rate, and 14 GRM, which all amounts to positive cash-flow!

  • Address: 616 S Ford Blvd
  • City: East Los Angeles
  • State/county: California
  • Zip/Postal Code: 90022
  • Neighborhood: East Los Angeles
  • Country: United States

Detail

Updated on September 24, 2020 at 3:11 pm

  • Price: $945,000
  • Property Size: 2162 SqFt
  • Land Area: 6531 SqFt
  • Year Built: 1947
  • Property Type: Multi Family
  • Property Status: Just Listed

Additional details

  • # of Units: 4
  • Unit Mix: 1 (2+1) SFR, 1 (1+1) SFR, 2 (1+1)
  • Zoning: LCR3YY

WalkScore

walkscore60 / Somewhat Walkable more details here

Contact info

Kristopher German
Kristopher German
(909) 294-2593(909) 645-0443
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