2408 2410 N Eastern AVE, Los Angeles, CA 90032
2408 2410 N Eastern AVE, Los Angeles, CA 90032
2408 2410 N Eastern AVE, Los Angeles, CA 90032
2408 2410 N Eastern AVE, Los Angeles, CA 90032
2408 2410 N Eastern AVE, Los Angeles, CA 90032
2408 2410 N Eastern AVE, Los Angeles, CA 90032
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 1,600,000
Est. payment | /mo

6 Beds

6 Baths

3,736 SqFt

Save
$ 1,600,000
Est. payment | /mo
Save

6 Beds

6 Baths

3,736 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,736 sqft

Price per Sqft $428

MLS Listing ID P1-27820

Bedrooms 6

Full Baths 6

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1947

Lot Size 0.333 Acres

Property Sub-Type Triplex

Property Description

Don't miss this incredible investment opportunity to purchase two detached two triplexes together with five adjacent vacant land parcels listed under MLS # P1-27046 ( Parcel #5216-007-011, 012, 017, 010 & 022) , comprising approximately 2.15 acres in total, the properties are offered as one package for $2,000,000 and are zoned LARD5 in a prime El Sereno location near Alhambra! This two triplexes featuring six 1 bedroom & 1 bath units along with six detached single car garages, one assigned parking on driveway to each unit. 2408 N Eastern Ave has one unit is expected to be delivered vacant in July, and the Seller plans to remodel it, adding value and enhancing its rental appeal. 2410 N. Eastern Ave has two units have recently become vacant and have been remodeled. Both two triplexes have separate driveways providing direct access to their garages, with 1.82 acres the vacant land situated immediately behind them. The five adjacent parcels are included in the sale. Of the total purchase price, $400,000. is allocated to the land. The property features a substantial amount of flat and usable land, offering excellent potential for future development of multiple residential buildings etc. ( Buyer to verify all development possibilities with the City of Los Angeles ). Ideally located just minutes from California State University, LA, South Pasadena, Alhambra and DTLA, with convenient access to the 10, 110 and 710 major freeways, transit options, shopping, dining and other local amenities. A rare opportunity for investors, developers, or owner-users seeking immediate rental income with significant future development potential. Price to sell! The currently occupied units are rented at $1,200 per month, well below market, as the Seller has not increased the rents for many years. Comparable vacant units have an estimated market rental value of approximately $1,700 to $1,800 per month, offering excellent upside rental potential.

Location

State CA

County Los Angeles

Zoning LARD5

Rooms

Main Level Bedrooms 1

Interior

Interior Features Eat-in Kitchen, Sunken Living Room, Unfurnished, Bedroom on Main Level

Heating None

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile

Fireplaces Type None

Inclusions Please see the remark.

Fireplace No

Appliance Gas Cooktop, Gas Oven, Gas Range

Laundry None

Exterior

Parking Features Assigned, Driveway

Garage Spaces 6.0

Garage Description 6.0

Fence Chain Link

Pool None

Community Features Curbs, Street Lights

View Y/N No

View None

Roof Type Shingle

Porch None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Sprinklers None

Dwelling Type Triplex

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer, Sewer Tap Paid

Water Public

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Schools

Middle Schools El Sereno

Others

Senior Community No

Tax ID 5216007006

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Chit Yip Coldwell Banker Realty #01885125

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.