923 N Alma Avenue

Los Angeles, CA 90063

PRICE REDUCED

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-$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

Price Adjustment Alert! Seize This Unmatched Investment Opportunity!Take advantage of this incredible deal on a highly sought-after multifamily investment property in vibrant East Los Angeles, now available at an attractive new price!Perfect for investors and visionaries, this property features two units brimming with potential: The front unit offers 3 generous bedrooms, 1 bathroom, and 1,459 sqft of living space, complemented by a spacious attached storage room--ideal for maximizing functionality. The back unit built in 1962, features 2 bedrooms and 1 bathroom, spreading across 1,569 sqft, designed to accommodate various living arrangements effortlessly.Prime Potential for Growth: With favorable zoning, this property stands out with the opportunity to add up to 2 Additional Dwelling Units (ADUs) enhancing rental income and property value. Whether you aim to maximize returns or prefer the flexibility of living in one unit while generating income from the other, the options are endless.Strategically located for ultimate convenience, the property offers seamless access to key freeways (10, 5, 710, and 60), making commuting a breeze for future tenants. This recent price adjustment creates a can't-miss opportunity to unlock the full potential of this gem, whether you choose to renovate, rent, or create a perfect multi-generational living space.Don't miss this golden chance to invest in one of East LA's most promising areas! Schedule your private viewing today and start envisioning your next lucrative project!

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 147
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 Nov 5th, 2024 at 4:58 AM 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.