923 N Alma Avenue

Los Angeles, CA 90063

PRICE REDUCED

arrow_downward
-$100,700 (-11.50%)

$775,000

List Price

5

bed Beds

2

shower Baths

1,880 sqft

straighten / sqft

1922

calendar_month Built

Property Description

Seize this rare opportunity! This remarkable investment property in East Los Angeles just became even more enticing with a newly adjusted price!! This multifamily property is ideal for visionaries and investors alike. The front unit features 3 spacious bedrooms, 1 bathroom, and a generous 1,459 sqft of living space, complete with a large attached storage room. The back unit built in 1962 ;offers a comfortable 2-bedroom, 1-bathroom layout across 1,569 sqft, perfect for a variety of living arrangements.What sets this property apart is its incredible potential for transformation. With the ability to add up to 2 Additional Dwelling Units (ADUs) thanks to favorable zoning, you can significantly enhance rental income and capitalize on this prime location. Whether you're an investor looking to maximize returns or a homeowner planning to live in one unit while renting out the other, this property offers flexibility and substantial opportunity.Situated with unparalleled access to major freeways (10, 5, 710, and 60), this property ensures convenience and connectivity for future tenants. This price adjustment represents a golden opportunity to maximize your investment. Whether you're looking to renovate and rent or create a multi-generational living space, this property offers endless possibilities. Don't miss out on this prime investment opportunity! Schedule your viewing and start planning your next project today.

Listing Information

List Price $775,000
Status Active
MLS P117816
Type Residential
Subtype Duplex
Year Built 1922
Lot Size 7,280
Structure Size 1,880
DOM 143
Courtesy Of Berkshire Hathaway Home Servic
Listing Agent Sonia Navarrete DRE#01704254

Interior Features

Laundry Information
Location(s) Gas Dryer Hookup
Bedroom Information
Features All Bedrooms Down
Total Bedroom
Bedrooms 5
Bathroom Information
Features Bathtub
Total Bathroom
Bathrooms 2
Flooring Information
Material Tile
Fireplace Information
Features None
Additional Information
Additional Features All Bedrooms Down
Cooling Type
Cooling Type None

Exterior Information

Other Structures
Features Concrete

Maps

Listing information courtesy of: Sonia Navarrete, Berkshire Hathaway Home Servic (626) 513-6254. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 31st, 2024 at 8:37 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.