PARKING IS NOT AN ISSUE WITH THIS PROPERTY. Fourplex property. FOURPLEX 6176 Sq Ft lot size. Imagine building above the garages…. imagine if you turn this 4 plex to a six-unit apartment by adding two units above garage carports??? . Very close to Whittier and Montebello. Conveniently located in a desirable area of East LA, near shopping centers, schools, restaurants and access to freeways are just minutes away! This is a fantastic investment opportunity, each unit featuring 2 bedrooms and one-bath, good size living area and good size kitchen with community laundry next to covered car ports in rear area. The community laundry room can easily be changed to digital operated machines to supplement your income. The framed carport is for four cars that can easily add garage doors to. This is a very well-maintained property with original wood flooring in two units units, tile flooring in one and carpet in the other. One unit has indoor laundry area. Seller installed brand new roof on building and carport/garage area, exterior paint, retrofit repairs done all in may of 2025. These are big ticket items that you will not have too worry about. Rents are below fair market value which only means a positive cash flow.
Highly desired area with pride of ownership and very tidy tenants. Property is Los Angeles County ordinance not City of Los Angeles, call 833-223-7368 to discuss rent stabilization. Supplement is application for rent increase due to lower than fair market rents. All units are alike in floor plan. Please review the pictures and read showing instructions. Thank you for your interest. Let’s open escrow!!!!!!!!!!
Highly desired area with pride of ownership and very tidy tenants. Property is Los Angeles County ordinance not City of Los Angeles, call 833-223-7368 to discuss rent stabilization. Supplement is application for rent increase due to lower than fair market rents. All units are alike in floor plan. Please review the pictures and read showing instructions. Thank you for your interest. Let’s open escrow!!!!!!!!!!
Property Details
Price:
$1,180,000
MLS #:
CV24142681
Status:
Active
Baths:
0
Address:
1278 Clela Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
elaeastlosangeles
City:
East Los Angeles
Listed Date:
Jul 10, 2024
State:
CA
ZIP:
90022
Lot Size:
6,176 sqft / 0.14 acres (approx)
Year Built:
1954
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Schools
Interior
Cooling
None
Exterior
Community Features
Sidewalks, Street Lights
Garage Spaces
0.00
Lot Features
Lawn, Level with Street, Lot 6500-9999
Parking Features
Detached Carport
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address1278 Clela Avenue East Los Angeles CA
- AreaELA – East Los Angeles
- CityEast Los Angeles
- CountyLos Angeles
- Zip Code90022
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1278 Clela Avenue
East Los Angeles, CA
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