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$699,000

528 South Avenue 19
Los Angeles, CA  90031

13 beds
3.5 baths
3,696 sq ft sq. ft.

MLS #: 317001952

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Residential Income

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.

Property Features

  • Property Type: Residential Income
  • Sub Type: Other (L)
  • Listing Status: Active
  • Listing Price: $699,000
  • County/Area: Los Angeles County
  • Zip Code: 90031
  • Year Built: 1897
  • Subdivision/Neighborhood: Lincoln Heights (677)
  • Sq.Ft.: 3,696 sq ft
  • Stories: 2
  • Bedrooms: 13
  • Baths (full): 2
  • Baths (partial): 3
  • Total Baths: 5.0
  • Lot SqFt: 3484.8
  • Zoning: LAM2
  • 1/4 Baths: 3
  • Actual Annual Gross Rent: 73513.00
  • Agent License Number: 01438116
  • City Code: 10000058287
  • Common Walls: Attached
  • Expense Electric: 3252.00
  • Expense Gas: 1110.00
  • Expense Insurance: 2766.00
  • Expense Licenses: 1428.00
  • Expense Maintenance: 2400.00
  • Expense Other: 1647.00
  • Expense Pest: 468.00
  • Expense Trash: 1168.00
  • Expense Water: 2235.00
  • Foundation Details: Raised Foundation
  • Gross Rent Multiplier: 9.50
  • Levels: Two Level
  • Lot Size SQ FT: 3292
  • Lot Size Source: Public Records
  • Monthly Gross Income: $6,126
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of Buildings: 2
  • Number Water Meters: 1
  • Other Structural Features: Balcony
  • Owner Pays: Electric, Water, Gas
  • Square Footage Source: Public Records
  • Status: Active
  • Unit Number Of Bath01: 1.0
  • Unit Number Of Bath02: 1.0
  • Unit Number Of Bed01: 1
  • Unit Number Of Bed02: 1
  • Unit Number Of Bed03: 2
  • Unit Number Of Bed04: 1
  • Unit Number Of Bed05: 1
  • Unit Number Of Bed06: 1
  • Unit Number Of Bed07: 1
  • Unit Number Of Bed08: 1
  • Unit Number Of Bed09: 1
  • Unit Number Of Bed10: 1
  • Unit Number Of Bed11: 1
  • Unit Number Of Bed12: 1
  • Units In Complex: 12
  • Water District: LADWP
  • Water Heaters YN: Yes
SILVINA ZOLTZMAN

Luis Pezzini
Silvina Zoltzman Pezzini

Los Angeles, CA 90035
Phone: 310-275-2076
Email: lpezzini@SunsetStripRealty.com
Email: Silvina@SunsetStripRealty.com