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528 S Avenue 19

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528 S Avenue 19 | Los Angeles, CA

$699,000

3,696 SQ.FT.

Opportunity to own 3 Units + 9 Bedroom Rooming House in one of LA's hottest neighborhoods, Lincoln Heights. Actual Income of $6,126/month - $73,513/year with good in-place income/cash flow + future upside in rents + value add potential for unused spaces. The site consists of 2 buildings connected by a breezeway totaling 3,696 square feet. The front building has 2, 1/1 Units that are spacious with high ceilings on the 1st floor and 9 Bedrooms + 2, 1/4 baths, shower room, and kitchen area on the 2nd floor. The back building consists of 2 bedrooms, storage room, and potential for additional income by re-configuring unused spaces (see floorplan). Minutes to vibrant DTLA, Chinatown, and leafy 32-acre LA State Historic Park. Capitalize on LA River Revitalization Plans, Albion Riverside Park (6-acre extension of Downey Park), and proposed mixed use developments coming to Lincoln Heights.
Listing Provided by Norman Kawaguchi, Berkshire Hathaway HomeService

Based on information from California Regional Multiple Listing Service, Inc. as of May 29, 2018. 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.