119 E Avenue 36, Los Angeles, CA 90031
- $979,000
- List Price
- $979,000
- Price Change
- ▼ $46,000 1780446774
- Status
- ACTIVE
- MLS#
- P1-27115
- Year Built
- 1956
- Lot Size
- 7,492
- Acres
- 0.17
- Lot Location
- Sprinklers None
- Days on Market
- 76
- Property Type
- Multifamily
- Style
- Bungalow
- Property Sub Type
- Triplex
- Stories
- One Level
- Neighborhood
- Not Applicable
Property Description
Rare opportunity to own three fully detached units on one gated lot, perfectly positioned between Lincoln Heights, Highland Park, and Cypress Park. Two units are tenant-occupied with reliable renters; the third unit will be delivered vacant, ideal for an owner-occupant or to rent at market rate.Each unit features 2 bedrooms, 1 bath, and its own private 1-car garage. All units are separately metered for gas, water, and electricity, with tenants paying their own utilities. The property is fully gated and freshly landscaped, offering excellent curb appeal.Perfectly located steps from the Heritage Square A Line station, providing a direct route to DTLA, Highland Park, and Pasadena, and just moments from Moo's Craft BBQ, Zizou, and the new Barranca Food Hall. Enjoy nearby green spaces like Rio de Los Angeles State Park and the LA River bike path, along with easy access to Dodger Stadium and DTLA via the 5 and 110 freeways.Take advantage of strong appreciation and major development reshaping Lincoln Heights. Barranca Studios and the newly built A34 buildings are bringing strong market rents, new amenities, and fresh energy to the area.Turnkey income, separate utilities, private garages with significant ADU potential, and a vacant unit delivered at closing make this a true Northeast LA find. Don't miss it!
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Exterior Construction
- Stucco
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Gross Scheduled Income
- $36,000
- Operating Expense
- 2160
Listing courtesy of Listing Agent: Allan Vides (avides@avidaassociates.com) from Listing Office: Avida & Associates.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.