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4717 Valley Blvd 90032, El Sereno Mixed Use Income Property, Outstanding Development Opportunity!

$ 1,180,000
4717 Valley Blvd, ,
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4717 Valley Blvd, El Sereno CA 90032

6,143 Sq Ft / 13,968 SF Lot / 3 Land Lots / Zoned C2

El Sereno Mixed Use Income Property!


Description:

An outstanding opportunity to own a mixed use property in the city of El Sereno. There are three parcels zoned C2. They consist of the following: 4717 Valley Blvd: One 3 Bed 1 Bath, One Boarding House with 5 Rooms, and One Store Front 4707 Valley Blvd: A 4 Bed 2 Bath Single Family House 1804 Del Paso Ave: A 1 Bed 1 Bath House The properties are located in a high demand rental neighborhood in El Sereno, close to the city of Alhambra, Cal State LA, USC Medical Center, 10 and 710 Freeways, and public transportation. All units are fully occupied. The lot has potential to build multiple units. Buyer to verify with city or county with regard to their intended use. The property is in a rent controlled area. Sold as-is. All tenants are month-to-month.

Features:

  • Listing includes 3 Adjoining Land Lots, Each Zoned C2
  • Outstanding Development Opportunity for Greatly Increased Unit Density
  • Located in Up-And-Coming El Sereno Neighborhood
  • Mixed Use Zoning for Commercial and Residential Development
  • Current Cap Rate of 5.8

Unit Breakdown:

Type BedroomsBaths    
Unit 1 11.00    
Unit 2 42.00    
Unit 3 31.00    
Unit 4 55.00    
Unit 5 00.00    

Sold for 1,180,000

Figure 8’s Ed Faktorovich and Tadeh Minassian represented the buyer.


4717 Valley Blvd, El Sereno, Los Angeles, CA 90032

Address: 4717 Valley Blvd
Zip: 90032
Country: United States
Property Id : 12232
Price: $ 1,180,000
Property Size: 6,143 ft2
Property Lot Size: 13,968 ft2
Year Built: 1947
My details

Ed Faktorovich

The Big Kahuna of Figure 8: Broker / Owner

Contact Me

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