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324 S Fresno St

Los Angeles, CA 90063
  • $1,395,000
  • STATUS: Active Under Contract
  • ON SITE: 136 Days
  • MLS #: 21-744930
Under Contract
UPDATED: 15 min ago
$1,395,000
  • 4
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,504
    SQFT
  • $253
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Huge $100k Price Improvement! Don't miss this unique investment opportunity in rapidly developing Boyle Heights. 324 S. Fresno, a mixed-use asset featuring an attractive brick facade, ripe for revitalization, is well positioned on a corner lot with significant street frontage at signalized corner providing ample foot and auto impressions. The primary building is ground floor retail (and possible restaurant use of corner space), upper story comprises one 2b1b and two 1b1b apartments. Second structure contributes two retail bays, both with back patio space. Property also provides 6 parking spaces in fenced, three tandem stall lot. Excellent location with easy public transit options including 2 Goldline metro stops along with proximity to the Sixth Street Bridge Project, Hollenbeck Park, booming Arts District and DTLA. Property can be delivered with two commercial units vacant, perfect for an owner user. Potential portfolio sale with neighboring 9 unit mixed use property at 3108 E 4th Street, contact listing agent for details.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T17:43:11.93. 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.
www.deserthouseseekers.com/homes/117974325
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324 S Fresno St Los Angeles, CA 90063

  • Price: $1,395,000
  • Status: Active Under Contract
  • Updated: 15 min ago
  • MLS #: 21-744930
4
Beds
0
Baths
0
½ Baths
0.12
Acres
5,504
SQFT
$253
$/SQFT
1950
Built
Neighborhood:
Boyle Heights
County:
Los Angeles
Area:
Boyle Heights
Property Description
Huge $100k Price Improvement! Don't miss this unique investment opportunity in rapidly developing Boyle Heights. 324 S. Fresno, a mixed-use asset featuring an attractive brick facade, ripe for revitalization, is well positioned on a corner lot with significant street frontage at signalized corner providing ample foot and auto impressions. The primary building is ground floor retail (and possible restaurant use of corner space), upper story comprises one 2b1b and two 1b1b apartments. Second structure contributes two retail bays, both with back patio space. Property also provides 6 parking spaces in fenced, three tandem stall lot. Excellent location with easy public transit options including 2 Goldline metro stops along with proximity to the Sixth Street Bridge Project, Hollenbeck Park, booming Arts District and DTLA. Property can be delivered with two commercial units vacant, perfect for an owner user. Potential portfolio sale with neighboring 9 unit mixed use property at 3108 E 4th Street, contact listing agent for details.
Exterior Features

Lot Size Area 5260 Other Structures None Parking Garage Tandem Style Traditional Total Parking 6 View Description Other View YN Yes

Interior Features

Baths Total 7.00 Common Walls Attached Cooling OtherWall/Window Equipment Other Heating OtherWall Laundry None

Property Features

Assessed Total Value 820836 Gross Income 117471 Gross Operating Income 113947 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 81402.00 Number Of Buildings 2 Number Of Units 7 Rent Control YN Yes Sale Type Standard Source Living Area Title Company Source Lot Size Area Vendor Enhanced Total Annual Expense 32545 Type Of Units Mixed Use Year Built Source Vendor Enhanced Zoning Lac2

Listing provided courtesy of Joel Nass DRE#01954931 of Clint Lukens Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T17:43:11.93. 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.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210