PENDING

Giuseppe Zumbo

510.331.5153
PENDING

2319 2nd Ave
Los Angeles, CA

Price Reduction! (4.6% CAP Rate, 17.39 GRM) Incredibly rare 4-Unit investment/development opportunity in Jefferson Park, nestled on an expansive 12,583 SF corner Lot Zoned for RD2 is prime for potential development, multiple ADU’s or redevelopment into a larger residential complex subject to local regulations. This two-story Fourplex built in 1921, boasts 7,042 sqft of livable space and offers a desirable unit-mix of (4) 3 bedrooms/2 bath. The formal living and dining room completes the spacious floor plans. Off-street parking can accommodate (8) spaces in the rear.

Located in a revitalized district with rising property values and a strong demand for housing options. All units are tenant occupied with a generous rental upside/add value opportunity with potential projected rental income of $153,600±/annually (10.24% CAP Rate, 7.81 GRM). Gas & Electric are separately metered with a common building meter, and one water meter.

Step outside to a tranquil front yard with grass for play and enjoy gardening at the community garden on the attached side yard- separate water meter attached to community garden and water consumption paid by the City of Los Angeles.

A thriving community with close proximity to West Adams, USC, DTLA, 10 FWY, Metro Expo Line, and plenty of exciting food options, including Insta famous Phillips Bar-B-Que.

Whether you’re looking to expand your investment portfolio or embark on a new development project, this fourplex offers the perfect blend of passive income and long-term growth potential.

Now Listed at $1,200,000
2319 2nd Avenue, Los Angeles
TheMLS 24-378001
(Seller will offer concessions)

Listed by Giuseppe Zumbo
Zumbo Real Estate Group
giuseppe.zumbo@corcoranicon.com

For more information, call 310.776.3494 (office) 510.331.5153 (mobile)

Property Details

  • $1,200,000
    List Price
  • 24-378001
    MLS Number
  • 12
    Beds
  • 8
    Baths
  • 7,042
    Square Feet
  • 1921
    Year Built
  • 12583
    Lot Size

Presented By

Giuseppe Zumbo

DRE 01753412
Contact
Send a Message