Investment opportunity!! Well maintained 8-unit apartment building in East los Angeles. Great location in a strong rental market. Records show 3401 Gleason Ave as the main address and 122 S Lorena St. Corner lot, Structure is 6,310 sq. ft. and Lot Size 7,429 sq ft (Buyers to verify). Rent control. The 8-unit apartment is a single two-story building consisting of 1- one bed/one-bath, 4 - two beds/one bath, and 3 - three beds/one bath. The building is separately metered for electrical and gas and each unit has its own water heater. The property has 7 open parking spaces with an adjacent laundry room with working washers and dryers. Unit #7 (2 BR/1BA) is currently vacant. Property is located in rent control area. Tenants benefit from asset's central location which is in close proximity to the El Mercado de Los Angeles, Metro Rail, bus stops, jogging paths, etc. Take advantage of the historically low interest rates and benefit from positive financial leverage. Brokered And Advertised By: Buena Vista Realty Estate Group Listing Agent: Julio Pilco
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
