3723 E 5th Street,
Home For Sale
What has been a family compound and cherished sanctuary for several decades now comes to market as your opportunity to own a 4-unit property in East Los Angeles. Located at 3723 East 5th Street in Los Angeles (90063) this property is ripe with opportunity. One of the most compelling features of this opportunity is its exceptional unit mix. At the heart of the apartment complex is the owners unit. The owners unit is a 4-bedroom, 3-bathroom unit designed to accommodate the dynamic needs of a busy household. Yet, another opportunity with the owners unit is the possibility of splitting this home into two units. The existing floopland should be easy to convert into a 3 bed, 1 3/4 bath owners unit and a 1 bedroom, 1 bathroom attached ADU. In addition to the owners unit there are an additional three units that are 2 bedrooms and 1 bathroom each. Since this property has been used as a family compound for many years 3723 East 5th Street will be delivered with the owners unit and a two bedroom, one bath unit vacant at the close of escrow. The versatile floorplan along with two units delivered vacant at the close of escrow makes it clear that 3723 East 5th Street is offering you the ability to immediately generate market rent regardless of whether you live in one and rent the others or just have it be a stand-alone income opportunity. While I am speaking of income opportunities 3723 East 5th Street has a four car garage that will be delivered vacant as well. This is another area of the property where you may be able to generate additional income by renting the individual parking spots
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90063
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- MLS® #:
- CV24105424
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- Bedrooms:
- 6
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- Lot Size:
- 0.16
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- Neighborhood:
- LOS ANGELES (90063)
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Listing information last updated on August 10th, 2024 at 6:42pm PDT.