The property located on 492 E 46th St, Los Angeles, CA 90011 is a two-unit building that offers a great opportunity for investors or homeowners. The bottom unit is spacious and has 4 bedrooms and 2 baths, suitable for a large family or multiple tenants. The top unit is currently being used as a 2-bedroom with no living room, but it can be easily converted back to its original 1-bedroom, 1-bath layout. The top unit is rented out for $1,700 per month, providing a steady income.
The property is perfectly situated on the front of the lot, which leaves plenty of space at the back to build additional units as an ADU (Accessory Dwelling Unit). This is a fantastic way to expand the property and increase the rental income even more. The property also has a coin-operated washer and dryer that generate extra income, as well as a 2-car carport and a storage unit.
The property is located in a convenient area, close to schools, parks, shops, and public transportation. It is also within easy access to major freeways and downtown Los Angeles. The property has a lot of potential and is a must-see for anyone looking for a smart investment in real estate.