3946 E 6th Street, Los Angeles, CA 90023

$749,000

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List Price
$749,000
Status
ACTIVE
MLS#
OC26098978
Year Built
1916
Lot Size
7,760
Acres
0.18
Lot Location
Yard
Days on Market
82
Property Type
Multifamily
Property Sub Type
Duplex
Stories
Two Levels

Property Description

Calling all Investors and Contractors to this Vacant REO Opportunity in prime location just outside of Downtown LA, featuring a 3 Bed, 1 Bath, 967 Sqft home in front and 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, permits, and inspections are incomplete. While further due diligence is required, the high bed count rear unit may be suitable for Single Room Occupancy (SRO) housing, group home, or creation of additional ADU's within the square footage. Buyers and Brokers strongly advised to verify status of all permits with the local building departments to satisfy themselves.

Additional Information

Pool Description
None
Heat
None
Cooling Description
None
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$134,400
Operating Expense
33600

Listing courtesy of Listing Agent: Max James-Armand (max@electricestatesla.com) from Listing Office: Electric Estates.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.