Florence
246 E 68th Street
Los Angeles, California, 90003 United States

Sotheby's International Realty - Los Feliz Brokerage
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Listing image

246 E 68th Street

Great investment opportunity with huge potential upside! Property will be delivered FULLY VACANT at close of escrow! Buyer can place new tenants at market rent to receive a great cash flow, or a perfect opportunity for owner user. Currently, the unit mix is two 1 bed room and 1 bathroom. Seller has already submitted to the city to convert this duplex into 4 units by building 2 ADUs on the property (each 3 bed 2 bath!!!). New buyer can easily double the value of this property by adding the ADUs which can potentially generate over 8% cap rate. Buyer and agent to verify. Property is Sold AS-IS and property is priced to sell. Please contact listing agent for marketing package.

Listing Courtesy of Prime Group Realty
 
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Amenities & Features

  • Listing Details
    • Property ID
      21703008
    • MLS#
      21703008
    • Property type
      Residential Income
    • Courtesy Of
      Listing Courtesy of Prime Group Realty
    • Status
      Available
    • Listing Price
      $599,000
    • Subdivision
      Not Applicable-C42
    • County
      Los Angeles County
    • School District
      Los Angeles Unified
  • Utilities & Building
    • Year Built
      1930
    • Lot Size Unit
      Acre(s)
    • Lot Size
      0.12