1134 Vancouver AveEast Los Angeles, CA 90022

Property Details for 1134 Vancouver Ave

Year built

1929

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

8,000 SF

Zone code

LCR4YY

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

5245-011-012

APU

5245011012

Description

Exceptional investment opportunity: a well-maintained, 16-unit apartment building in East Los Angeles, CA. This two-story building, constructed in 1929 and boasting 8,000 square feet on a 6,528 square foot lot (APN 5245-011-012), offers a compelling mix of eight one-bedroom/one-bathroom units and eight studio/one-bathroom units. Currently generating a gross monthly income of $18,256, the property presents significant upside potential due to below-market rents. Recent capital improvements include brand new windows, updated copper plumbing, energy-efficient LED lighting, and fresh exterior stucco paint. The property is conveniently located just north of Olympic Boulevard and two blocks west of Atlantic Boulevard, in a desirable area zoned LCR4YY. The asking price is $2,800,000, representing an attractive price per unit of $175,000. This property is an ideal addition to any investor's portfolio, offering strong cash flow and significant appreciation potential. The building's solid construction and recent upgrades ensure long-term value and minimal maintenance needs. Don't miss this chance to acquire a well-positioned multifamily asset in a thriving Los Angeles neighborhood.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0173

Longitude

-118.161

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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