1278 Clela Avenue Active

East Los Angeles,CA 90022

$ 1180000

8 Beds

4 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV24142681

Bedrooms 8

HOA Y/N No

Lot Size 6,176 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

PARKING IS NOT AN ISSUE WITH THIS PROPERTY. Fourplex property. FOURPLEX 6176 Sq Ft lot size. Imagine building above the garages.... imagine if you turn this 4 plex to a six-unit apartment by adding two units above garage carports??? . Very close to Whittier and Montebello. Conveniently located in a desirable area of East LA, near shopping centers, schools, restaurants and access to freeways are just minutes away! This is a fantastic investment opportunity, each unit featuring 2 bedrooms and one-bath, good size living area and good size kitchen with community laundry next to covered car ports in rear area. The community laundry room can easily be changed to digital operated machines to supplement your income. The framed carport is for four cars that can easily add garage doors to. This is a very well-maintained property with original wood flooring in two units units, tile flooring in one and carpet in the other. One unit has indoor laundry area. Seller installed brand new roof on building and carport/garage area, exterior paint, retrofit repairs done all in may of 2025. These are big ticket items that you will not have too worry about. Rents are below fair market value which only means a positive cash flow. Highly desired area with pride of ownership and very tidy tenants. Property is Los Angeles County ordinance not City of Los Angeles, call 833-223-7368 to discuss rent stabilization. Supplement is application for rent increase due to lower than fair market rents. All units are alike in floor plan. Please review the pictures and read showing instructions. Thank you for your
PARKING IS NOT AN ISSUE WITH THIS PROPERTY. Fourplex property. FOURPLEX 6176 Sq Ft lot size. Imagine building above the garages.... imagine if you turn this 4 plex to a six-unit apartment by adding two units above garage carports??? . Very close to Whittier and Montebello. Conveniently located in a desirable area of East LA, near shopping centers, schools, restaurants and access to freeways are just minutes away! This is a fantastic investment opportunity, each unit featuring 2 bedrooms and one-bath, good size living area and good size kitchen with community laundry next to covered car ports in rear area. The community laundry room can easily be changed to digital operated machines to supplement your income. The framed carport is for four cars that can easily add garage doors to. This is a very well-maintained property with original wood flooring in two units units, tile flooring in one and carpet in the other. One unit has indoor laundry area. Seller installed brand new roof on building and carport/garage area, exterior paint, retrofit repairs done all in may of 2025. These are big ticket items that you will not have too worry about. Rents are below fair market value which only means a positive cash flow. Highly desired area with pride of ownership and very tidy tenants. Property is Los Angeles County ordinance not City of Los Angeles, call 833-223-7368 to discuss rent stabilization. Supplement is application for rent increase due to lower than fair market rents. All units are alike in floor plan. Please review the pictures and read showing instructions. Thank you for your interest. Lets open escrow!!!!!!!!!!

Location

State CA

County Los Angeles

Area Los Angeles (90022)

Zoning Assessor

Building

Lot Description Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Others

Monthly Total Fees $172

Acceptable Financing Cash,Conventional,Exchange,FHA,Land Contract

Space Rent $1,740

Listing Terms Cash,Conventional,Exchange,FHA,Land Contract

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