2229 Hancock Street, Los Angeles, CA 90031
- $775,000
- List Price
- $775,000
- Price Change
- ▼ $10,000 1784000160
- Status
- ACTIVE
- MLS#
- MB26111570
- Year Built
- 1920
- Lot Size
- 9,899
- Acres
- 0.23
- Lot Location
- Front Yard, Near Park, Near Public Transit, Walkstreet
- Days on Market
- 61
- Property Type
- Multifamily
- Style
- Bungalow, Contemporary
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property Description
Lincoln Heights fourplex , ONE UNIT DELIVERED VACANT ! Perfect Investment for Primary Occupancy, offset your mortgage with rent from other 3 units. Rare opportunity featuring 4 detached standalone bungalow-style homes on an expansive 9,899 sq ft LARD3-zoned lot in rapidly evolving Northeast Los Angeles. Unlike traditional apartment-style properties, each unit enjoys its own separate structure, creating a more private residential feel perfect for future Owner-Users and tenants alike . The property offers a wide central driveway, excellent unit separation, and strong value-add potential. Potential for new owner to establish Residency in the 2 bedroom unit as well.The property consists of one 2-bedroom unit and three 1-bedroom units totaling approximately 2,394 sq ft of living space. Each home includes its own dedicated two-car parking spaces, a highly sought-after feature in this submarket. Ideal Opportunity for First time Home Buyers seeking to break into this sought-after area by occupying one unit as a primary residence and Investors will appreciate the opportunity to capture future rental upside while benefiting from the charm and functionality of individual detached homes and Centrally located just minutes from Downtown Los Angeles, Chinatown, Little Tokyo, Dodger Stadium, USC Medical Center, and the vibrant dining, nightlife, and cultural hubs throughout Northeast LA, with convenient access to the 5, 10, 101, and 110 freeways.
Additional Information
- Appliances
- Gas Cooktop, Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Landmark, Neighborhood
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $42,840
- Operating Expense
- 13812
Listing courtesy of Listing Agent: JOSEPHINE SAN LUCAS (JOSIESANLUCAS@HOTMAIL.COM) from Listing Office: KELLER WILLIAMS LARCHMONT.
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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.