11143 VAN BUREN AVE, LOS ANGELES CA 90044
- 2,436 sq.ft.
- 8,712 sq.ft. lot
Property Description
Subject property is a 2,634 sq ft 3plex built in 1923 and situated on a spacious 8,712 SF lot. It is sold together with a 4plex on the adjacent lot at 11137 Van Buren Ave. This well-maintained 7-unit portfolio consists of a 3-plex and a 4-plex, offering strong current income of $17,037/month and future development opportunities. This investment is Eligible for Both Residential & Commercial Financing…Total Building Size: 6,468 sq. ft. | Total Lot Size: 17,713 sq. ft….Excellent Unit Mix of All 2-Bedroom, 1-Bathroom Units…All Section 8 Tenants – Ensuring Reliable Rental Income, One unit can be delivered vacant at close, ideal for owner-occupants or buyers leveraging VA/FHA loans, with strong potential for rental or resale upside. Lot Zoned LC R320U* provides Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR Potential to Add Up to 7 ADUs (Buyer to Verify)…Prime Location – Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're an investor looking to expand your portfolio or seeking a cash-flowing, high-potential multi-family property, this is a rare opportunity in a rapidly growing area of Los Angeles.
Listing Courtesy of Evelyn Baez Gonzalez, Lyon Stahl Investment Real Estate, Inc.
Exterior Features
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