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Property Description

We are pleased to present 959 & 965 S Vancouver Ave, a turn-key investment opportunity nestled in the heart of East Los Angeles. This asset boasts the epitome of modern living with units that have been fully renovated to exquisite standards and leased at market rents. Comprising seven (7) bungalow-style one-bedroom units, this property spans across two parcels totaling an expansive lot of 11,410 sq/ft, providing ample space and privacy for residents. The property also includes seven garages, presenting significant upside potential for conversion into additional dwelling units (ADUs). Whether utilized for parking or storage, these garages offer versatility and income-generating opportunities. Meticulously transformed by the current owners, no expense has been spared in enhancing this asset. From a revamped exterior and lavish interior renovations adorned with high-end finishes to extensive landscaping work and structural improvements, every aspect of the property exudes sophistication and quality. All residential structures have had brand new roofs and upgraded foundations. Conveniently located just a block away from Whittier Blvd, a bustling thoroughfare connecting East Los Angeles, Montebello, and Whittier, this property offers exceptional accessibility. Residents enjoy seamless access to the 5/60/710 freeways and the Metro Gold Line’s Atlantic Station, facilitating effortless commuting options. Additionally, the property’s proximity to the renowned Citadel Outlets further enhances its desirability among tenants and investors alike. This property offers an investor the rare chance to acquire a stable asset that generates exceptional cash flow from day one. With its fully leased units and potential for additional income streams through ADUs, this investment promises sustained profitability. Moreover, the expansive land presents opportunities for future development, further enhancing the property’s value proposition.

Features
: Wall Furnace
1
0
: Bungalow
Additional Information
Marcus & Millichap
0
CLW-C120853
CLW-X75151
Sevak
5245003026
: Standard
7
One
32

Multi-Family For Sale

965 Vancouver Avenue, Los Angeles, California 90022

3,780 Sqft
$2,300,000
Listing ID #24399357
Basic Details
Status : Active
DaysOnMarket : 16
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24399357
Price : $2,300,000
Living Area : 3,780 Sqft
Lot Size : 11,410 Sqft
Year Built : 1928
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90022
Price Per Square Foot : $608
ModificationTimestamp : 2024-06-19 15:17:08
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