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GREAT FOR INVESTORS – 2 UNIT $299,900.
This property consists of 2 separate two story houses with a total of 3,164 square feet on a lot that measures 6,402 sq. ft. The front house has 3 bedrooms, 2 baths and it measures 2,008 square feet. The front house also has a permitted 450 square foot addition that has a 1 bedroom, a ¾ bath and a laundry room. The addition of the front house was rented out separate but the tenant is no longer paying rent. The house at the rear measures 1,156 square feet and it has 3 bedrooms and 1 ¾ baths that was built in 2003 but without permits. The owner started the process to legalize the rear house and has plans that she will include as part of the sale. The city has told the seller that she needs to apply for a variance because of the setbacks. The current owner does not want to spend the cost of the variance which is about $12,000. In addition the rear tenants have not paid rent in several months. The seller will not evict any of the tenants and only the front tenant is paying rent of $1,000 per month. The rear tenants are not cooperating and interior inspections might be difficult. This is a good deal for an experienced investor. Located at 1923 E. 111Th St., LA 90059. If interested call Jose at (562)904-9729. BRE Lic #01235286
- Posted on: 2015-01-31 01:32:35
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- Item ID: 5230051