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$ 1,649,000
Est. payment /mo
Price Dropped by $100K
2325 Johnston Street Los Angeles, CA 90031
6 Beds
5 Baths
9,919 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26053622
Bedrooms 6
Lot Size 9,919 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Now offered at $1,649,000! this multifamily property presents an opportunity to acquire six income-producing units in historic Lincoln Heights, just minutes from Downtown Los Angeles. Situated on an approximately 9,919-square-foot lot, this multi-family property offers approximately 4,548 square feet of building area, featuring a three-bedroom main residence and five additional one-bedroom, one-bathroom units. With existing rental income, two units anticipated to be delivered vacant, and potential for future rental growth or development (buyer to verify with the city), this property offers flexibility and long-term investment potential. Conveniently located near major freeways, dining, and neighborhood amenities, it's an ideal opportunity for investors looking to expand their portfolio in a desirable Los Angeles location. Six Units, a generous lot size, and an improved price!
Location
State CA
County Los Angeles
Zoning Public Rec
Direction From the 110 Fwy, exit Ave 26, head east, then turn right on Johnston St. Property will be on the left.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5204024011
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
Listed by William Bingley, DRE#01940351 William Bingley, Broker
Co-listed byKenzie McKinnon • William Bingley, Broker
Co-listed byKenzie McKinnon • William Bingley, Broker