Sold: Jul 01, 2021
Address
246 E 68th Street Los Angeles, CA
Price
$ 545,000
Property Attributes
  • MLS#21703008
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • Zip90003
  • Style
  • Price$ 545,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1170
  • Lot Size5,410 SqFt
Listing Provided Courtesy Of:
Yehuda Rafael with Prime Group Realty.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

LOOKING FOR BACKUP OFFERS!!! Call Listing Agent for more info. Great investment opportunity with huge potential upside! Property will be delivered FULLY VACANT at close of escrow! Buyer can place new tenants at market rent to receive a great cash flow, or a perfect opportunity for owner user. Currently, the unit mix is two 1 bed room and 1 bathroom. Seller has already submitted to the city to convert this duplex into 4 units by building 2 ADUs on the property (each 3 bed 2 bath!!!). New buyer can easily double the value of this property by adding the ADUs which can potentially generate over 8% cap rate. Buyer and agent to verify. Property is Sold AS-IS and property is priced to sell. Please contact listing agent for marketing package.

Price History
3/10/2021 Listed $599,000
4/19/2021 9% - $549,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90003

Price
AVG $910K
$550K

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