BRC Advisors is pleased to offer for sale this twenty-five (25) unit multifamily investment opportunity located in the prime Lincoln Heights neighborhood. This is an excellent development opportunity, consisting of four (4) contiguous parcels, with a square footage of 14,764 on a 51,495-square foot lot. The buildings have been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of nine (9) 1+1 units, eight (8) 2+1 unit, five (5) studios, and three (3) commercials spaces. The subject property is 100% occupied, and is subject to the City of Los Angeles rent control regulation.
Site #1 - 106 E. AVENUE 37 | LOS ANGELES, CA 90031
Site #2 - 112 E. AVENUE 37 | LOS ANGELES, CA 90031
Site #3 - 3614 PASADENA AVENUE | LOS ANGELES, CA 90031
Site #4 - VACANT LAND: APN# 5466-027-025
PLEASE NOTE THE FOLLOWING:
1) DO NOT DISTURB THE TENANTS.
2) Submit Offer on a CAR Residential-Income Purchase Agreement.
3) Interior Inspection/Books & Records Granted with an Accepted Offer.
4) Submit Proof of Funds & Pre-Qualification Letter with Offer.
5) Seller Selects all Services
Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.
