2705 Darwin AVE Pending

Los Angeles,CA 90031

$ 1129000

- Bed

- Bath

4555 SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 4,555 sqft

Price per Sqft $247

MLS Listing ID PW24058986

Year Built 1906

Lot Size 7,278 Sqft

Property Description

3 PROPERTIES IN ONE LOT! Step into the heart of Lincoln Heights and discover an exceptional opportunity awaiting you. This remarkable property boasts three distinct buildings: a Single Family Residence, a Four-Plex, and an ADU, each contributing to its unique charm and versatility.

The main residence features a spacious layout with 5 bedrooms and 2 bathrooms, while the Four-Plex comprises 3 units offering 1 bedrooms and 1 bathroom, alongside 1 additional units with 2 bedroom and 1 bathroom. The ADU comprises of 2 bedrooms and 1 bath. With such diverse accommodations, this property presents an enticing 4.25% cap rate, providing investors with an immediate avenue for cash flow.

Benefiting from recent renovations, including upgraded windows, electrical enhancements with proper permits, plumbing improvements with new water heaters (all permitted), and refreshed water sewer lines, this property ensures both modern comfort and compliance. Additionally, it boasts separate gas/electric meters and 2 water meters for added convenience and efficiency.

Perfectly located mere minutes away from USC Medical Campus, Keck Hospital, downtown LA, public transportation hubs, Dodger Stadium, and major freeways, this property offers unparalleled accessibility to key amenities and destinations. Don't miss out on this prime opportunity to acquire a property perfectly poised for both investment and lifestyle in a highly sought-after location.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Zoning LARD2

Rooms

Ensuite Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside

Interior

Laundry Location Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside

Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside

Exterior

Pool None

Community Features Storm Drain(s),Street Lights,Suburban,Sidewalks

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Private

New Construction No

Others

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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