4840 Mascot St, Los Angeles, CA 90019

Fabulous Bungalow 4-Plex in the heart of Los Angeles with superb skyline views of the Hollywood Hills, Downtown Los Angeles and the surrounding areas. Enjoy the cash flow or take advantage of exceptional rental property demand by rehabbing this property and putting in higher paying tenants. Excellent unit mix consisting of 3 / three bed + one bath, and 1 / one bed + one bath. Charming wood frame and stucco property with substantial rental upside in a high demand rental area. Property features include: separate parking garage with 4 spaces total , individually metered electricity and gas (with automatic shut-off valves), separate hot water heaters, security gated access, pitched roofs, and private yard space for each unit. The 3 / three bedroom + one bath tenants are currently under H.U.D. Section 8 program. Trash is taken care of by public sanitation service. Low maintenance and units are easy to manage. Motivated seller. Neighborhood Description Very desirable and rapidly re-developing Mid-City Los Angeles area (Map Coordinates: 43-B4; 633-D5). Close proximity to Korea Town, Hancock Park and Beverly Hills with quick access to the 10 Freeway allowing a convenient commute to West Los Angeles or Downtown Los Angeles. The surrounding neighborhood is quiet and surrounded by single family residential and small multi-family properties. Tenants enjoy easy access to public transportation on Venice Boulevard, La Brea Avenue and Washington Boulevard and the retail shopping areas on these streets. Subject property is within two blocks of the La Brea Avenue and Washington Boulevard intersection. Directions: from 10 Freeway, exit La Brea Avenue (North), make right on Washington Boulevard, make left on Highland Avenue, make right on Mascot Street, subject property on south side of street.