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Listed by Patrick Owen, DRE #01076539 • Pat Owen Realty
$688,900
Est. payment /mo
0.33 Acres Lot
Active
2312 Lincoln PARK Los Angeles, CA 90031
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRRS26119870
Year Built 1910
Lot Size 0.334 Acres
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Investor GOLD MINE! Not only do you get three 2/1 units, but the lot is zoned R3 and most properties on this side of the block are 8+ units! The lot is flat in front, but sloped in the rear, so you have building potential on the hill to capture amazing city lights views, including Chavez Ravine and Catalina! If it were renovated and rented at market value then this property is easily worth 1.3M, but add more units or a dream house on the hill and you could be looking at millions of dollars in property value! There is a down-side... Two of the three units are occupied and pay way under market rent. The third unit is occupied by a relative of the former tenant and has not paid rent since the tenant moved out, so he is considered a squatter. A 3-day Notice was served already. Both paying tenants are open to discuss relocation assistance. The upside is incredible, so hurry and make your offer subject to interior inspection TODAY!!!
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Interior
Laundry None
Exterior
Parking Features Other
Pool None
Building
Sewer TBD
Water District - Public
Others
Tax ID 5211014021
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