331 South Ave 20

Los Angeles, CA 90031

$960,000
Price
6
Beds
6
Baths
4,115 Sq. Ft.
$233 / Sq. Ft.
4,115
Sq. Ft.
$233
per Sq. Ft.

Description

Introducing this 6-unit investment opportunity in prime Lincoln Heights. The property is comprised of six 1 bedroom,1 bath units with onsite parking. With a walk score of 81, tenants enjoy a close proximity to dining and entertainment options on North Broadway. Other area highlights include easy access to the 5 and 110 Freeways, a 1-mile drive to USC Health Sciences Campus and a short 10-minute drive to Cal State LA. Investors will further benefit from the property's upside potential in rental income...Introducing this 6-unit investment opportunity in prime Lincoln Heights. The property is comprised of six 1 bedroom,1 bath units with onsite parking. With a walk score of 81, tenants enjoy a close proximity to dining and entertainment options on North Broadway. Other area highlights include easy access to the 5 and 110 Freeways, a 1-mile drive to USC Health Sciences Campus and a short 10-minute drive to Cal State LA. Investors will further benefit from the property's upside potential in rental income and possible ADU additions.
  1. Listed by Enrique Viramontes • DRE #01372010 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 331 South Ave 20

Zoning
LARD2
Parcel Number
5447031016
Total Units
6.0
Living Area
4115
Source Living Area
Vendor Enhanced
Area
Lincoln Heights (677)
Vacancy Rate
1%
Lot Size Area
8278
LISTING UPDATED: 12/19/2024 12:01 AM

Property Details for 331 South Ave 20

StatusActive
MLS #24-471547
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.19 AC / 8,278 SF
CountyLos Angeles County

Building Information for 331 South Ave 20

Stories2Residences-Year Built1921Building Size-Lot Size0.19 AC / 8,278 SF

Property Information for 331 South Ave 20

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $90,261
  • Net Operating Income: $45,996.00
  • Gross Income: $91,173
  • Gross Rent Multiplier: $10.53
  • Total Annual Expense: 44265
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1895
  • Lot Size Square Feet: 8278
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 6
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,233.00
  • Unit Actual Rent: $7,398.00
  • Unit Projected Rent: $11,100.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $378,484.00
  • Assessed Improvement Percent: 43.85
  • Assessed Land Value: $484,558.00
  • Assessed Land Percent: 56.15
  • Assessed Total Value: $863,042.00

Property History for 331 South Ave 20

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 331 South Ave 20

Taxable ValueLand$109,307Additions$137,377Total$246,684
Tax Record2024$4,004 ($334 / month)
Home Facts
Total Finished SqFt4,115 SqFtAbove Grade Finished SqFt4,115 SqFtLot Size8,278 SqFtStyleMulti-Family Res (5+ Units)ZoningLARD2CountyLOS ANGELESAPN5447-031-016

Schools near 331 South Ave 20

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

Florence Nightingale Middle School
Public6 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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331 South Ave 20 is a multi-family home for sale in Los Angeles, CA 90031. This property was listed for sale on December 11, 2024 by Remax Commercial and Investment Realty, it's currently listed at $960,000. It has been on the market for a total of 19 days and was last sold on August 16, 2000. This listing's school district is Los Angeles Unified School District. Nearby schools include Albion Street Elementary School, Florence Nightingale Middle School and Woodrow Wilson Senior High School. 331 South Ave 20 is a 6-bed, 6-bath, 4,115 sqft multi-family home built in 1921.

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 Remax Commercial and Investment Realty, Enrique Viramontes, DRE #01372010

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.