14
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$958,000
Est. payment /mo
5 Beds
4 Baths
6,698 Sqft Lot
Active
305 S Mott Los Angeles, CA 90033
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26161182
Bedrooms 5
Lot Size 6,698 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Owner-user opportunity in Boyle Heights. Front 2-bedroom, 1-bath unit will be delivered vacant at close of escrow, giving the next owner the option to occupy one unit while benefiting from the income potential of the remaining units. Based on stated pro forma rents and garage income, the property offers approximately $98,700 in annual gross income potential roughly a 9.7 GRM at the current asking price. Currently configured as 4 units (public records reflect 3 units), with one 2-bedroom unit and three 1-bedroom units, separate gas and electric meters, two garage spaces, and a 6,698 SF lot. The 2-bedroom unit has a stated pro forma rent of $2,350/month, with stated pro forma rents of $1,825/month for each of the three 1-bedroom units. Conveniently located near Downtown Los Angeles, the Arts District, Keck Medicine of USC, Metro transit, and the 5, 60 and 101 freeways. Property sold as-is. Buyer and buyer's agent to independently verify unit count, permits, rents, expenses, income, and all other information and conduct their own inspections and due diligence.
Location
State CA
County Los Angeles
Zoning Assessor
Direction From I-5 or CA-60, exit Soto St. Head north on Soto St, turn right on E 3rd St, then turn right onto S Mott St. Property is on t
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5180012026
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Listing Terms Cash, Conventional, Exchange, FHA, VA
Listed by Oscar Carlos, DRE#01887936 Real Brokerage Technologies
NEARBY SCHOOL & BUSINESS
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