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721 School Avenue
USD 800,000
Property ID: 24361285
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721 School Avenue ,90022
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icon 6894 SqFt
icon Built in 1941
icon USD 116/SqFt
icon 2 Beds
icon 6 Full
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Location Street View
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Interior Details
Bedrooms
2
Bathrooms
6
Interior Size
2260
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1941
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Detailed Introduction Of This Home
We are pleased to present 721 School Ave, a remarkable 6-unit multifamily property located in the heart of East Los Angeles. This unique property, featuring three separate structures, is being offered for sale for the first time in nearly 40 years.Built in 1941, the property consists of (2) one-bedroom units and (4) studio units, providing a total of 2,260 square feet of rentable space on a spacious 6,892 square foot lot. A notable feature of this property is the inclusion of (4) parking garages, which offer potential for conversion into ADUs (subject to buyer verification) or can be used to generate additional income through parking and/or storage fees.Situated near Whittier Blvd, a major thoroughfare in East Los Angeles, Montebello, and Whittier, 721 School Ave offers exceptional accessibility. It is conveniently located close to the 5/60/710 freeways and the Metro Gold Line's Atlantic Station, providing residents with easy commuting options. The property is also within close proximity to the famous Citadel Outlets, adding to its desirability.For the savvy investor, there is an opportunity to achieve nearly a 70% upside in rents through strategic renovations as future vacancies arise, making this an attractive investment in the bustling East Los Angeles market.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (8)
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721 School Avenue
USD 800,000 2 Beds
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