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    324 S Fresno Street

    Los Angeles (City), CA 90063
    • $1,395,000
    • STATUS: Active Under Contract
    • ON SITE: 112 days
    • ID#: 21744930
    Under Contract
    UPDATED: 25 min ago
    $1,395,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    Huge $100k Price Improvement! Don't miss this unique investment opportunity in rapidly developing Boyle Heights. 324 S. Fresno, a mixed-use asset featuring an attractive brick facade, ripe for revitalization, is well positioned on a corner lot with significant street frontage at signalized corner providing ample foot and auto impressions. The primary building is ground floor retail (and possible restaurant use of corner space), upper story comprises one 2b1b and two 1b1b apartments. Second structure contributes two retail bays, both with back patio space. Property also provides 6 parking spaces in fenced, three tandem stall lot. Excellent location with easy public transit options including 2 Goldline metro stops along with proximity to the Sixth Street Bridge Project, Hollenbeck Park, booming Arts District and DTLA. Property can be delivered with two commercial units vacant, perfect for an owner user. Potential portfolio sale with neighboring 9 unit mixed use property at 3108 E 4th Street, contact listing agent for details.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T11:31:35.1. 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 deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
    www.searchwithcompass.com/homes/117981898
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    324 S Fresno Street Los Angeles (City), CA 90063

    • Price: $1,395,000
    • Status: Active Under Contract
    • Updated: 25 min ago
    • ID#: 21744930
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1950
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    Huge $100k Price Improvement! Don't miss this unique investment opportunity in rapidly developing Boyle Heights. 324 S. Fresno, a mixed-use asset featuring an attractive brick facade, ripe for revitalization, is well positioned on a corner lot with significant street frontage at signalized corner providing ample foot and auto impressions. The primary building is ground floor retail (and possible restaurant use of corner space), upper story comprises one 2b1b and two 1b1b apartments. Second structure contributes two retail bays, both with back patio space. Property also provides 6 parking spaces in fenced, three tandem stall lot. Excellent location with easy public transit options including 2 Goldline metro stops along with proximity to the Sixth Street Bridge Project, Hollenbeck Park, booming Arts District and DTLA. Property can be delivered with two commercial units vacant, perfect for an owner user. Potential portfolio sale with neighboring 9 unit mixed use property at 3108 E 4th Street, contact listing agent for details.
    Exterior Features

    Architectural Style Traditional Parking Features GarageTandem

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Disclosures Rent Control Garage YN Yes Gross Income 117471 Laundry Features None Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 81402 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning Lac2

    Listing provided courtesy of Joel Nass of Clint Lukens Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T11:31:35.1. 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 deemed reliable but is not guaranteed accurate by the MLS or Brandon Hobbs Group | Compass. Licensed in the State of California, USA.
     
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