1836 Lansdowne Ave - Multi-Family FOR SALE


Los Angeles, CA 90032- Lincoln Heights
$1,050,000 USD
310-562-9630
1836 Lansdowne Ave, Los Angeles, CA for Sale
$1,050,000 USD
Multi-Family - FOR SALE
1/46
null | 6.67% Cap Rate

1836 Lansdowne Ave
Los Angeles, CA 90032
Lincoln Heights


HIGHLIGHTS

  • 3 units currently vacant!
  • Charming 4-unit Spanish-style quadruplex in extremely desirable, mostly residential University Hills neighborhood near Cal State Los Angeles.
  • Only 1 block to Tierra Mia Coffee, a local favorite, and close proximity to other hotspots like Carnitas el Momo, Tamales Lilianas, Luminarias, El Gal
  • Timeless architectural character with original arched doorways, cut-outs, built ins, and more.
  • Attractive unit mix: (2Br + 1Ba) across all four units
  • Easy access to the 710 and 10 freeways for seamless connectivity throughout Los Angeles

OVERVIEW

Perfectly positioned adjacent to Cal State LA and Tierra Mia Coffee, this University Hills fourplex delivers both architectural charm and value-add potential. 3 of the 4 units are vacant, making it ideal for investors, an owner-user, or large family looking for multiple vacancies. The property features an attractive unit mix of four (2Br+1Ba) apartments. The two rear units are 2 stories and larger than the front 2 units. All units have a back door, separate hot water heaters, and large windows that create ample natural light. There are rear detached garages on this street to street lot. The property is situated at the base of University Hills just a block from Tierra Mia Coffee and next to Cal State LA. It is just off Eastern north of the 10 Freeway, with easy access to Alhambra, Monterey Park, Boyle Heights, East LA, Northeast LA and DTLA. This property also has an adjacent sister building under the same ownership that is also available for sale, inquire for more info. An excellent value and a must see!

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$431 USD /SF

# OF UNITS

4

PRICE/UNIT

$262,500

CAP RATE

6.67%

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units - 3 Delivered Vacant By Cal State LA!

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LAR1

APN/PARCEL ID

5223-028-038

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

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Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.