2324 W Washington Blvd, a prime investment opportunity located in the heart of Mid City. This 4-unit multifamily property boasts a desirable unit mix, with all four units featuring spacious 2-bedroom, 1.5-bathroom floor plans. Each unit is designed with comfort and convenience in mind, offering expansive living spaces that are… Read More perfect for both families and professionals alike.The building spans an impressive 5,802 square feet on a 7,000 square foot lot, providing ample space for tenants. Each unit includes a separate laundry room, and with in-unit washer and dryer hookups, adding to the convenience and appeal for tenants.One of the four units is currently vacant and has been fully renovated, making it rent-ready for the new owner or ideal for an owner-occupant. This beautifully updated unit presents an immediate opportunity to generate income or enjoy modern living in a thriving neighborhood.Parking is a breeze with 4 designated spots on the property, of which only 2 are currently tied to leases, offering flexibility for future arrangements. The property is zoned LAC2, providing potential for additional development or other uses in the future.This property qualifies for attractive low down payment residential financing, making it an excellent choice for both seasoned investors and first-time buyers looking to enter the multifamily market. Don't miss out on this rare opportunity to own a well-maintained and income-generating property in one of Los Angeles' most dynamic and centrally located neighborhoods. Please Do not Disturb The Tenants. Read Less
Property listed by RE/MAX One, Chase Simonton 818-366-3300
Listing Snapshot
Days Online
86
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,802
Lot Size
0.16 Acres
Year Built
1917
MLS Number
24429941
30 Days Snapshot Of 90018
$1,132k
+5%
(avg) sold price
8
-11%
homes sold
96
+54%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1917, Building area total: 5,802, Levels: Two, Living area: 5802, 2 stories, 1 building, Architectural style: Spanish
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross income: $96,060, Net operating income: $52,231
Laundry
Stacked
Lot
0.1607 acres, 7,000 square feet, Size: 7,000
Parking
4 totals parking, Assigned, Gated
Property
Zoning: LAC2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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