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2333 Eastlake Ave, Los Angeles, CA, 90031

7beds
6baths
3,531sqft
$1,090,000
$309price/sqft
$7,607/moest. monthly cost
$304,280/yrincome needed

About This Home

Discover an investment opportunity in the desirable Lincoln Heights neighborhood of Los Angeles? This huge lot property has been home to long-term, stable tenants, offering consistent occupancy and income. This multi-unit property features a total of 6 units across two separate dwellings with total of 7 bedrooms and 6 bathrooms, offering flexibility and long-term potential upside for savvy investors. With strategic management and thoughtful improvements over time, investors can capitalize overall property value. The property’s setup and location, also make it especially attractive for those looking to implement a long-term investment strategy. The front building is the original which has 3 units, the rear two levels building which was added in the 1950s has 3 units as well. Ideally located near major landmarks and employment hubs, the property is just minutes from LAC+USC Medical Center, Chinatown, and Dodger Stadium, with Downtown Los Angeles nearby. Tenants benefit from convenient access to major freeways, public transportation, dining, shopping, and entertainment.

Getting Around

87
WalkingVery Walkable
57
TransitGood Transit
64
BikeBikeable

Schools

Construction

Condition

  • Year built: 1902

Type & Style

  • Home type: MultiFamily
  • Property subType: Mixed Use

Interior

Appliances

  • Appliances included: Convection Oven
  • Laundry features: Inside

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 6

Features

  • Common walls with other units/homes: 2+ Common Walls

Interior Area

  • Total structure area: 3,531
  • Total interior livable area: 3,531 sqft

Property

Details

  • Parcel number: 5208005002
  • Attached to another structure: Yes
  • Special condition: Standard,Trust

Features

  • Entry location: Front
  • Pool features: None
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 8,243 sqft

Parking

  • Parking features: One Space