2340 119th Street

Description

Don't miss out on this remarkable opportunity! Three single houses on individual lots, recently subdivided, are now available for sale, offering a multitude of possibilities for both investors and homeowners. Whether you're interested in acquiring one house or all three, the potential for rental income or creating a family compound is truly captivating. The property at 2340 E 119th Street has the largest lot size and features a 2-bedroom, 1-bathroom house. Recent upgrades, including wood looking tile flooring, a new sewer, main water line and driveway, ensure peace of mind and enhance the value of the property. With current tenants already in place, generating an annual rent of $19,200, this property offers significant income-raising potential, as there are no rent increase restrictions in the unincorporated Los Angeles County Area. The rent can be increased now, since it was not increased in February when the Covid restrictions were lifted. Whether you're considering renovation, expansion, adding an ADU, or exploring different usage options, this property serves as the perfect canvas for realizing your vision. Strategically situated in close proximity to MLK Hospital, the 105 and 110 freeways, King/Drew Magnet High School of Medicine and Science, Charles R. Drew University, and Mona Park, this property boasts a prime location with easy access to essential amenities and services. Furthermore, its strategic position in the thriving LA real estate market promises ample opportunities for growth and appreciation. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS.

Listing information courtesy of: Anna Kadinowa, Christie's AKG . *Based on information from the Association of REALTORS/Multiple Listing as of 05/20/2024 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.