Detailed Introduction Of This Home
Introducing a rare opportunity to own a well-maintained 5-unit property in a highly desirable location in East LA near the Montebello border.
Unit mix of spacious 1- and 2-bedroom units with historically low vacancy rates. Upgrades include a newer roof (2020), flooring, plumbing and updated bathrooms in select units. Each unit is separately metered for gas and electricity and offers convenient on-site parking for tenants. There are laundry hook-ups available for added revenue (not currently in use). The property offers easy access to the 5, 710, and 60 freeways and is minutes from Downtown Los Angeles, shopping, dining, and public transportation.
As an added bonus, the property has a 4.6% interest rate loan with approximately 2 1/2 years remaining, which may be assumable pending lender approval—offering fantastic savings and financial flexibility!
The neighboring 5-unit property at 6057 Allston St. is also available for separate purchase (listing #OC25015928) offering the potential to create a 10-unit compound. Drive-by only, subject to to inspection of accepted offer. Do not disturb tenants.