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Listed by Max James-Armand • Electric Estates
$ 749,000
Est. payment | /mo
7,760 Sqft Lot
$ 749,000
Est. payment | /mo
7,760 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25149201
Year Built 1916
Lot Size 7,760 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
Investor REO Opportunity in Prime Location. 3 Bed, 1 Bath 967 Sqft home in front. 8 bedroom, 4 bathroom, 2930 Sqft unit in the rear. Per EPIC LA records, the 8 Bedroom rear unit (3948 E 6th) appears to have passed plan review in March 2023 but other approvals and permits may be incomplete. Buyers and Brokers strongly advised to verify status of all permits with the local building departments to satisfy themselves. While further due diligence is required, the high bed count rear unit may be suitable for Single Room Occupancy (SRO) housing, group home, or other creative rental use. This could represent a strong opportunity for an investor seeking cash flow through city programs or shared housing strategies. At present moment the property is being sold without interior access, with the occupants in place, and will require all cash or hard/private money financing. Contact us today to explore this intriguing investment.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Heating Other
Cooling Other
Exterior
Garage Spaces 2.0
Pool None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 5238016015
Special Listing Condition REO / Bank Owned Property

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Drew Reid
REALTOR® | Lic# 01332884