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2620 MANITOU Avenue, Los Angeles, CA 90031 (MLS # 20570346)

2620 MANITOU Avenue, Los Angeles, CA 90031 (MLS # 20570346)


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PRICE $1,069,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 8,000 sqft

Back on market. Buyer got cold feet due to Covid-19. Sellers are now even more motivated than before so have now reduced the price by $100,000. This is a very nicely renovated four-plex with plans almost fully approved for two new large units. You have several options with this one: a) buy it as an owner user, live in one of the two bed units virtually rent free, with the other units almost covering the mortgage.b) buy it as what it is - a four-plex that will yield about $2000/mo cash flow without you doing any 'value add,' or c) execute the plans for the two 3/2 1450 sq ft units in the back of the property, and end up with $5K/mo in cash flow. Tenants have all been there for several years and, importantly, are all still paying their rent during Covid 19. Plenty of parking, plenty of yard, street-to-alley lot with access from either side; very nice location. Come and get it!

DAYS ON MARKET 55 LAST UPDATED 5/14/2020
YEAR BUILT 1885 COMMUNITY 677 - Lincoln Hts
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income

PRICE HISTORY
Prior to May 14, '20 $1,167,500
May 14, '20 - Today $1,069,000


ADDITIONAL DETAILS
AREA 677 - Lincoln Hts
GARAGE Uncovered
LOT 7999 sq ft
STORIES 0
ZONING LARD2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by : Ken Shapiro CalDRE: 01881308, Silverwood Properties

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 6/3/20 10:05 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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