4244 2Nd StLos Angeles, CA 90063

Property Details for 4244 2Nd St

Year built

1923

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

1,860 SF

Zone code

LCR2YY

Property type

Apartment buildings

APN

5236-017-032

APU

5236017032

Description

This exceptional investment opportunity presents a charming five-unit residential property situated at 4244 E 2nd St, Los Angeles, CA 90063. The property, encompassing a substantial 6,013 square feet lot, offers a total of 1,860 square feet of building space. The building comprises four one-bedroom, one-bathroom units and one larger two-bedroom, one-bathroom unit. The two-bedroom unit boasts the added convenience of in-unit laundry and driveway parking. This well-maintained multifamily property is ideally located in a vibrant East Los Angeles neighborhood, providing residents with easy access to a variety of shopping, dining, and entertainment options. The property's strong rental potential makes it an attractive investment for those seeking to expand their portfolio or enter the Los Angeles real estate market. The asking price for this promising investment is $750,000. This property is classified as both multifamily and commercial, presenting a unique opportunity for diverse investment strategies. The property's location in Los Angeles County offers significant potential for appreciation and strong rental income. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $662,598

  6.5%

  $611,628

  7%

  $567,941

• Comparable approach

  Method

  Valuation

  Relative Method

  $548,231

  Geo Method

  $548,231

• Alternative Use

  Use

  Valuation

  Residential

  $611,628

  Hospitality

  $560,248

  Educational

  $466,120

  Medical

  $482,151

  Retail

  $725,076

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.034

Longitude

-118.174

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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