2408-2410 North Eastern Avenue, Los Angeles, CA 90032
2408-2410 North Eastern Avenue, Los Angeles, CA 90032
2408-2410 North Eastern Avenue, Los Angeles, CA 90032
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Listed by Chit W Yip • Coldwell Banker Realty
$1,600,000
Est. payment /mo
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6 Beds
6 Baths
3,736 SqFt
New

2408-2410 North Eastern Avenue Los Angeles, CA 90032

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Glenn Dormer

Glenn Dormer

+1(805) 660-0739

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,736 sqft

Price per Sqft $428

MLS Listing ID P1-27820

Bedrooms 6

Full Baths 6

Year Built 1947

Lot Size 0.333 Acres

Property Sub-Type Triplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Don't miss this incredible investment opportunity to purchase two detached two triplexes together with five adjacent vacant land parcels listed under MLS # P1-27046 ( Parcel #5216-007-011, 012, 017, 010 & 022) , all offered as one package for $2,000,000 ! This two triplexes featuring six 1 bedroom & 1 bath units along with six detached single car garages, one assigned parking on driveway to each unit. 2408 N Eastern Ave has one unit is expected to be delivered vacant in July, and the Seller plans to remodel it, adding value and enhancing its rental appeal. 2410 N. Eastern Ave has two units have recently become vacant and have been remodeled. Both two triplexes have separate driveways providing direct access to their garages, with 1.82 acres the vacant land situated immediately behind them. The five adjacent parcels are included in the sale. Of the total purchase price, $400,000. is allocated to the land. The property features a substantial amount of flat and usable land, offering excellent potential for future development of multiple residential buildings etc. ( Buyer to verify all development possibilities with the City of Los Angeles ). Ideally located just minutes from Cal State LA, with convenient walking access to public transportation, elementary and middle schools. A rare opportunity for investors, developers, or owner-users seeking immediate rental income with significant future development potential. Price to sell! The currently occupied units are rented at $1,200 per month, well below market, as the Seller has not increased the rents for many years. Comparable vacant units have an estimated market rental value of approximately $1,700 to $1,800 per month, offering excellent upside rental potential.

Location

State CA

County Los Angeles

Area La - Los Angeles (L)

Zoning LARD5

Interior

Interior Features Sunken Living Room

Heating None

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile

Fireplaces Type None

Inclusions Please see the remark.

Laundry None

Exterior

Parking Features RV, Assigned, Driveway

Garage Spaces 6.0

Pool None

Community Features Curbs, Street Lights

View Y/N No

View None

Building

Lot Description Sprinklers None

Sewer Public Sewer, Sewer Paid

Schools

Elementary Schools El Sereno

Middle Schools El Sereno

NEARBY SCHOOL & BUSINESS

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Glenn Dormer

Glenn Dormer

Managing Partner | License ID: 01268924

+1(805) 660-0739

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2408-2410 North Eastern Avenue