Description

Back on Market Multi Unit - Great potential - 2 units on a large oversized lot, wood construction/stucco, located in the Olivito Heights area of Los Angeles, footsteps from South Bay areas, each unit has 3 bedrooms/2 Bathrooms with washer-dryer connections for laundry in each unit. Outstanding opportunity for investors; own property near the expansive development areas and complexes; Extensive Shopping and retail, home stadium for the Rams and Chargers, new Clipper Stadium, Sofi Stadium, The Kia Forum, easy access to the 110/105/405 freeways and just minutes to LAX, and beach areas, Hermosa, Manhattan and Redondo. The property has a expanded driveway area (gated) with at least 7 off street parking spaces. Each tenant pays their own utilities with separate meters. Both units are currently occupied, tenant #1 is on contract with Section 8, contract expires March 1, 2025, tenant #2 is on a month to month rental agreement, can be vacant with a 30 day notice. This is a great property to add or begin your investment real estate portfolio. The property is being sold in As-Is condition with no repairs being completed. Buyer and Agents to verify all information, all accepted offers are required to submit a loan application with a lender of the Seller's choice. Please do not disturb the current residents. There will be no showings without a submitted offer and verification of the potential Buyer's financial loan approval status, Seller open to Cash offers/1031 exchange transactions.