2705 Darwin Avenue

Los Angeles, CA 90031

$1,350,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $296 / sqft

1906

calendar_month Built

Property Description

Step into the heart of Lincoln Heights and discover an exceptional opportunity awaiting you. This remarkable property boasts three distinct buildings: a Single Family Residence, a Four-Plex, and an ADU, each contributing to its unique charm and versatility. The main residence features a spacious layout with 5 bedrooms and 2 bathrooms, while the Four-Plex comprises 3 units offering 1 bedrooms and 1 bathroom, alongside 1 additional units with 2 bedroom and 1 bathroom. The ADU comprises of 2 bedrooms and 1 bath. With such diverse accommodations, this property presents an enticing 4.25% cap rate, providing investors with an immediate avenue for cash flow. Benefiting from recent renovations, including upgraded windows, electrical enhancements with proper permits, plumbing improvements with new water heaters (all permitted), and refreshed water sewer lines, this property ensures both modern comfort and compliance. Additionally, it boasts separate gas/electric meters and 2 water meters for added convenience and efficiency. Perfectly located mere minutes away from USC Medical Campus, Keck Hospital, downtown LA, public transportation hubs, Dodger Stadium, and major freeways, this property offers unparalleled accessibility to key amenities and destinations. Don't miss out on this prime opportunity to acquire a property perfectly poised for both investment and lifestyle in a highly sought-after location. NOTE: Most of the units are being renovated and updated.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information

Listing Information

Address 2705 Darwin Avenue
City Los Angeles
State CA
Zip 90031
County Los Angeles
Listing Agent Jerry Magdaleno DRE#01982920
Courtesy Of 1Vision Real Estate
MLS PW24058986
List Price $1,350,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 7,280
Year Built 1906
DOM 3

Exterior Information

Maps

Listing information courtesy of: Jerry Magdaleno, 1Vision Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 27th, 2024 at 2:29 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.