This listing was posted on ListedBuy.
$800,000
721 SCHOOL AVE, Los Angeles, CA 90022 Multi Family For Sale MLS# 24-361285
Price:
$800,000
BR/BA:
3 BR
Location:
721 SCHOOL AVE, Los Angeles, CA
Description:
We are pleased to present 721 School Ave, a remarkable 6-unit multifamily property located in the heart of East Los Angeles. This unique property, featuring three separate structures, is being offered for sale for the first time in nearly 40 years. Built in 1941, the property consists of (3) one-bedroom units and (3) studio units, providing a total of 2,260 square feet of saleable space on a spacious 6,892 square foot lot. A notable feature of this property is the inclusion of (4) parking garages, which offer potential for conversion into ADUs (subject to buyer verification) or can be used to generate additional income through parking and/or storage fees. Situated near Whittier Blvd, a major thoroughfare in East Los Angeles, Montebello, and Whittier, 721 School Ave offers exceptional accessibility. It is conveniently located close to the 5/60/710 freeways and the Metro Gold Line's Atlantic Station, providing residents with easy commuting options. The property is also within close proximity to the famous Citadel Outlets, adding to its desirability. For the savvy investor, there is an opportunity to achieve nearly a 75% upside in sales through strategic renovations as future vacancies arise, making this an attractive investment in the bustling East Los Angeles market. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
2,260 sq. ft.
Amenities:
Parking, Storage
For sale by:
By Owner
Posted:
March 26 on ListedBuy
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More About this Listing: 721 SCHOOL AVE, Los Angeles, CA 90022 Multi Family For Sale MLS# 24-361285
721 SCHOOL AVE, Los Angeles, CA 90022 Multi Family For Sale MLS# 24-361285 is a Three Bedroom Multi-Family Real Estate for Sale at 721 School Ave in Los Angeles CA. Find other listings like 721 SCHOOL AVE, Los Angeles, CA 90022 Multi Family For Sale MLS# 24-361285 and listings near 721 School Ave by searching Oodle Classifieds for Three Bedroom Multi-Family Real Estate for Sale in Los Angeles CA.
721 SCHOOL AVE, Los Angeles, CA 90022 Multi Family For Sale MLS# 24-361285 is a Three Bedroom Multi-Family Real Estate for Sale at 721 School Ave in Los Angeles CA. Find other listings like 721 SCHOOL AVE, Los Angeles, CA 90022 Multi Family For Sale MLS# 24-361285 and listings near 721 School Ave by searching Oodle Classifieds for Three Bedroom Multi-Family Real Estate for Sale in Los Angeles CA.