CA > East Los Angeles
East Los Angeles, CA 90022,1278 Clela AVE
East Los Angeles, CA 90022,1278 Clela AVE
East Los Angeles, CA 90022,1278 Clela AVE
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$1,180,000
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6,176 Sqft Lot
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1278 Clela AVE East Los Angeles, CA 90022

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Mason Frakes

Mason Frakes

Champion Real Estate

+1(805) 260-4860

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV24142681

HOA Y/N No

Year Built 1954

Lot Size 6,176 Sqft

Property Sub-Type Quadruplex

Property Description

Great investment! PARKING IS NOT AN ISSUE WITH THIS PROPERTY. Fourplex property. FOURPLEX 6176 Sq Ft lot size. Imagine building above the garages.... imagine if you turn this 4 plex to a six-unit apartment by adding two units above garage carports??? . Very close to Whittier and Montebello. Conveniently located in a desirable area of East LA, near shopping centers, schools, restaurants and access to freeways are just minutes away! This is a fantastic investment opportunity, each unit featuring 2 bedrooms and one-bath, good size living area and good size kitchen with community laundry next to covered car ports in rear area. The community laundry room can easily be changed to digital operated machines to supplement your income. The framed carport is for four cars that can easily add garage doors to. This is a very well-maintained property with original wood flooring in two units units, tile flooring in one and carpet in the other. One unit has indoor laundry area. Seller installed brand new roof on building and carport/garage area, exterior paint, retrofit repairs done all in may of 2025. These are big ticket items that you will not have too worry about. Rents are below fair market value which only means a positive cash flow.
Highly desired area with pride of ownership and very tidy tenants. Property is Los Angeles County ordinance not City of Los Angeles, call 833-223-7368 to discuss rent stabilization. Supplement is application for rent increase due to lower than fair market rents. All units are alike in floor plan. Please review the pictures and read showing instructions. Thank you for your interest. Let's open escrow!!!!!!!!!!

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCR4YY

Interior

Cooling None

Fireplace No

Laundry Common Area

Exterior

Parking Features Detached Carport

Carport Spaces 4

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description Lawn, Street Level

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5245015002

Energy Description 480.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Fannie Mae, Submit

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA, Fannie Mae, Submit

Special Listing Condition Standard

Lease Land No

California Regional MLS (CRMLS)
Listed by Dolores Bueno • DOLORES VARGAS BUENO, BROKER • montoya4re@aol.com

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agent

Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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1278 Clela AVE

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