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$1,299,000

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10 Beds

4 Baths

3,640 SqFt

Price Dropped by $51K

120 N Avenue 25 Los Angeles, CA 90031

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Mason Frakes

mason@masonfrakesrealestategroup.com +1(805) 260-4860

Open House

Sun Jan 11, 12:00pm - 2:00pm

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,640 sqft

Price per Sqft $356

MLS Listing ID 25614747

Bedrooms 10

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1922

Lot Size 5,288 Sqft

Property Description

Investor's Delight! Rare opportunity to acquire a four-unit income property in one of Los Angeles' fastest growing neighborhoods, and three of the four units will be delivered vacant at the close of escrow. With the ability to immediately place market-rate tenants, this is a perfect value-add investment with future upside already built in. Located in the vibrant Lincoln Heights community, this 1920s character building sits in an incredible central location just moments from the 5, 110, and 101 Freeways, providing fast access to Downtown LA, Chinatown, Elysian Park, Dodger Stadium, Highland Park, Echo Park, Silver Lake, Los Feliz, and Pasadena. Commuting, exploring, dining, and entertainment couldn't be more convenient. The property features three vacant units plus one tenant-occupied unit, allowing investors to reposition the building immediately. Each unit has its own charm, natural light, and functional layout. The building is individually metered for electricity and gas, offering lower owner expenses and simplified management. A major bonus: this property provides the potential to add an ADU or additional units on the spacious rear portion of the lot (buyer to verify with the City of Los Angeles). With increasing demand for quality housing in central LA, the opportunity to maximize income is exceptional. Additional features include onsite parking spaces for multiple cars, rear alley access, and a highly walkable community surrounded by local restaurants, markets, outdoor recreation, and historic neighborhood charm. Whether you plan to maximize rental income, add new units, or reposition the property long-term, this property offers multiple strategies for impressive return on investment. Four units, three vacant, prime location, strong rental upside, separately metered utilities, parking, and future development potential opportunities like this rarely hit the market. Don't miss your chance to own a strategic investment in one of Los Angeles' most centrally connected and rapidly improving neighborhoods.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Zoning LARD2

Rooms

Other Rooms Shed(s)

Interior

Heating Radiant

Fireplaces Type None

Fireplace No

Exterior

Parking Features Concrete, Door-Multi, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Gated

View Y/N Yes

View City Lights, Peek-A-Boo

Total Parking Spaces 8

Private Pool No

Building

Faces South

Story 2

Entry Level Two

Water Public

Architectural Style Contemporary

Level or Stories Two

Additional Building Shed(s)

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5205022007

Security Features Gated Community

Special Listing Condition Standard

Listed by Ra-Son Theus Hoffman Theus

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Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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120 N Avenue 25 Los Angeles, CA 90031

Mason Frakes

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

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120 N Avenue 25