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    246 E 68Th St

    Los Angeles, CA 90003
    • $549,000
    • STATUS: Active
    • ON SITE: 56 days
    • ID#: 21-703008
    UPDATED: 45 min ago
    $549,000
    • 2
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,170
      SQFT
    • $469
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-06T16:42:54.147. 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.
    www.brandiprattrealestate.com/homes/114950477
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    246 E 68Th St Los Angeles, CA 90003

    • Price: $549,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: 21-703008
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1,170
    SQFT
    $469
    $/SQFT
    1930
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    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.
    Exterior Features

    Lot Description Fenced Lot Size Area 5410 Other Structures Other Parking Garage Driveway Total Parking 2

    Interior Features

    Baths Total 2.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 163488 Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 1 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 2 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 0 Type Of Units Duplex Year Built Source Vendor Enhanced Zoning Lar2

    Listing provided courtesy of Yehuda Rafael DRE#01924075 of Prime Group Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-06T16:42:54.147. 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.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583