Listed by Justin McCardle, GIG Real Estate Inc.,

4422 Lincoln Avenue

Los Angeles, CA, 90041

$5,166,000

$435 per ft²
$5,166,000
$435 per ft²
Active
Active
 - For Sale
carpenters-square
11,855 ft²
property_type
Multi-family
calendar
Built 1952
We are proud to present this attractive 20 Unit Value Add Apartment community in Eagle Rock. This property consists of all single level units situated on over an acre of land, creating a spread out feel at the property, providing plenty of room for cars, or potential to add ADU’s on site for the next owner. The property boasts 17- 1/1’s, 2- 2/1’s, and 1- 3/1 with all units having front and back doors, as well as great potential with 38% rental upside. This asset is very attractive with expansive grounds sitting on over an acre, spread out on 3 separate parcels (10 Units, 6 units, and 4 units) which could present a savvy investor the opportunity to get creative with financing. The properties are individually metered for gas and electricity in a great central Eagle Rock location. These types of properties don’t come along very often and has tremendous potential for the next owner to add value and put this property into their portfolio!
MLS® ID:
AR22159863
Listed:
7/19/22
Updated:
8/8/22
Coldwell Banker Hallmark Realty
Edwin Ordubegian

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
1.02 acres lot
Lot Details
Lot Over 40000 Sqft
Sewer
Public Sewer

Other Property Details

Area Name
618 - Eagle Rock
HOA Amenities
Urban
Garage
Yes
Garage Spaces
4
Parking
Y
Parking Total
4.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
LARD1.5

 

Listed by Justin McCardle, GIG Real Estate Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/8/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 8:05 AM UTC, 8/8/22

Coldwell Banker Hallmark Realty
Edwin Ordubegian
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