Property Detail

Description

Subject property is a 2,436 sq ft 3plex built in 1921 and situated on a spacious 8,712 SF lot. It can be sold separately or together with a 4plex on the adjacent lot at 11137 Van Buren Ave with total rental income of $16,671/month and future development opportunities. (Income for 3plex is $7,133/month). Excellent Unit Mix of All 2-Bedroom, 1-Bathroom Units, All Section 8 Tenants. Total Lot Size: 8,712 sq. ft. Lot Zoned LC R320U* provides Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR Potential to build 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.