Great investment property, best price in town with approx. $55k annual income. This one story 6- units apartment is located in desirable area, just few blocks north from broadway, close to elementary and high school, shopping and bus stops, easy freeway access. This 6-units complex including one -2 bedrooms, one - 1 bedroom and 4 studios. Iron gated in the front, nice yard, newer stoves about two years, laminated wood floor in 4 units living room, each unit has it's own kitchen and bathroom, common laundry room in rear. Profile shows that was built in 1923, the city record also shows that 2 units were built in 1975. Building size looks bigger than the profile of 2874 sf. Buyers to do their own investigation and satisfy themselves. Seller spent about $30000 for the rehab since 2014, including installed a new water meter(about $9000), new laminated wood flooring and iron doors for all units, most window are new windows, new stoves, some unit painted in 2014 and some painted in 2016. This apartment is located in rent control area, rent can be increased 3% annually but owner never increase during the last three years. Please do not walk on the property, do not disturb tenants! Drive by only, make an offer subject to interior inspection.
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This Multi-Family home
for sale in Los Angeles, CA
is currently listed for $668,000.
Featuring a lot size of 7,491 Sq. Ft.,
2821 Sierra Street
was built in 1923 and
has been on coldwellbankerrealestate.com for 50 days.
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Data last updated: Thursday, March 23, 2017 at 8:58 PM. Properties in listings may have been sold or may no longer be available.