2483 Lancaster Avenue

Los Angeles, CA 90033

$1,495,000
Price
—
Beds
—
Baths
3,236 Sq. Ft.
$462 / Sq. Ft.
3,236
Sq. Ft.
$462
per Sq. Ft.

Description

Opportunity Awaits ! Don't miss out on this chance and own a piece of potential future investment. This Prime Property Boast a generous 3,236. Sqft. Property is well position for any type of investor to take advantage of continued appreciation for years to come. Corner lot between Lancaster Ave. and Ricardo St. also alley access in rear. Located in less than a block away from FWY 60 E, 10 E, 710 S. Providing conveniently access to public transportation. It's an exceptional way in the thriving of...Opportunity Awaits ! Don't miss out on this chance and own a piece of potential future investment. This Prime Property Boast a generous 3,236. Sqft. Property is well position for any type of investor to take advantage of continued appreciation for years to come. Corner lot between Lancaster Ave. and Ricardo St. also alley access in rear. Located in less than a block away from FWY 60 E, 10 E, 710 S. Providing conveniently access to public transportation. It's an exceptional way in the thriving of East LA. Real estate Market. Exciting investment opportunity in East LA Area. Some additional little upgrades, presents a fantastic chance for investor to add value and maximize in returns. It's a great way to enter or add to your portfolio in an emerging area. Over the last 5 years, it has been seen a new number of new units were built within a few blocks of the site, it's closed to USC Building across the street and even more beyond that immediate area. East LA. has transformed swiftly from working-class businesses to trendy Hotspots. Priced competitively. Don't miss out this 7 remarkable 7-units in one -property. Front 2483 and 2485 have 1 bedrooms and 1 bath side by side. The other 5 units located on Ricardo St. with different address. Here 's your chance to turn this diamond in the rough into a lucrative investment.
  1. Listed by Toi Cha-Umpluke • DRE #01113616 • Brokerage DRE #01987041 • RE Counselors Inc • 213-494-1282

Property Details for 2483 Lancaster Avenue

Total Units
12033.0
Office Class
A
Lot Size Source
Assessor
Building Area Total
3236
Building Area Units
Square Feet
Stories Total
4
Entry Level
1
Parcel Number
5202014013
LISTING UPDATED: 12/12/2024 03:24 AM

Property Details for 2483 Lancaster Avenue

StatusActive
MLS #GD24226183
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1924
Lot Size0.19 AC / 8,309 SF
CountyLos Angeles County

Building Information for 2483 Lancaster Avenue

Stories4Residences-Year Built1924Building Size-Lot Size0.19 AC / 8,309 SF

Property Information for 2483 Lancaster Avenue

Income / Expense / Tax Details
Income Details
  • Current Financing: Conventional
Tax / Assessment Info
  • Tax Annual Amount: $15,815
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Cooling: See Remarks, Wall/Window Unit(s)
  • Heating: Electric, Forced Air
Exterior Features
  • Security Features: Smoke Detector(s)
  • Construction Materials: Concrete, Drywall Walls, Stucco, Wood Siding
  • Roof: Composition
  • Fence: Yes
  • Fencing: See Remarks
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 0-1 Unit/Acre, Paved, Yard
  • Current Use: Commercial
  • Land Use: Multi-Family
  • Lease Considered: No
  • Land Lease: No
  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Electric: Standard
  • Water Source: Private
Property / Structure Info
  • Building Status: Land
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 2483
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2485
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1407
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $749
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1409
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,042
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1411
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,351
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1413
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $670
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1425
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,044
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 7
  • Number Of Buildings: 4

Property History for 2483 Lancaster Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2483 Lancaster Avenue

Taxable ValueLand$953,700Additions$306,000Total$1,259,700
Tax Record2024$16,116 ($1,343 / month)
Home Facts
Total Finished SqFt3,236 SqFtAbove Grade Finished SqFt3,236 SqFtLot Size8,306 SqFtStyleMulti-Family Res (5+ Units)Year Built1924ZoningLARD2CountyLOS ANGELESAPN5202-014-013

Schools near 2483 Lancaster Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Murchison Street Elementary School
PublicK to 6

Excel Charter Academy
Charter6 to 8

Woodrow Wilson Senior High School
Public9 to 12

Abraham Lincoln Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2483 Lancaster Avenue is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on November 1, 2024 by RE Counselors Inc, it's currently listed at $1,495,000. It has been on the market for a total of 56 days and was last sold on June 30, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Murchison Street Elementary School, Excel Charter Academy and Woodrow Wilson Senior High School. 2483 Lancaster Avenue is a 0-bed, 0-bath, 3,236 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE Counselors Inc, Toi Cha-Umpluke, DRE #01113616

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.