Address
1040 S Ditman Avenue Los Angeles, CA
Price
$ 875,000
Property Attributes
  • MLS#OC21046131
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaBoyle Heights
  • Zip90023
  • StyleQuadruplex
  • Price$ 875,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Brian Noh with Nohco Real Estate.
Data Source:
CRMLS
Property Description

This is a fantastic opportunity to acquire a 4 unit multifamily property in Boyle Heights just east of Downtown LA. All the units are one bedrooms, with one of them vacant, remodeled, and ready to move in. The other three units have MTM tenants in place all currently paying rents. The property allows an owner occupier to live in a unit and collect rents from the other. The entire property totals 1,592sf and sits on a large 6,150sf lot zoned R4 allowing for future development potential. The property is also located in a qualified Opportunity Zone which can offer the right investor additional tax benefits. And with the property being located near the 5 freeway, it is just minutes from Downtown LA and USC. Excellent location in Boyle Heights east of Downtown Los Angeles near USC Medical Center, Community Hospital, Commerce, Freeways, Parks & Recreation, and Restaurants & Shops. ACTUAL 5.4% Cap Rate!

Price History
3/12/2021 Listed $875,000

General Features

Appliances Disposal, Gas Range, Water Heater
Community Features Curbs, Street Lights, Sidewalks
Construction Materials Stucco
Cooling None
Flooring Tile
Heating Wall Furnace
Interior Features Ceiling Fan(s), All Bedrooms Down
Levels One
MLS Area BOYH - Boyle Heights
Open Parking Spaces 7
Other Structures Storage
Parking Features One Space, See Remarks
Pool Features None
Property SubType Quadruplex
Property Type Residential Income
Roof Composition
Rooms Living Room, Kitchen, Bedroom
Sewer Public Sewer
Spa Features None
Terms Cash, Cash to New Loan, Conventional, FHA
Total Units 4
Utilities Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Zoning LCR4YY

Interior Features

Common Walls No Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features See Remarks

Exterior Features

Fencing Block, Wood
Lot Features 2-5 Units/Acre, Yard
Lot Size Acres 0.14
Lot Size Area 6150
Lot Size Source Assessor
Lot Size Square Feet 6150
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Total Parking 7
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Bedroom
Kitchen
Living Room

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90023

Price
AVG $980K
$880K
Visits
AVG 53
20
Year Built
AVG 1938
1923
Walkscore
AVG 81
83
Data Provided by Walkscore ® not using MLS data

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