732 South Ferris Avenue
$1,399,000
—
3,788
3,788
$369
Description
Welcome to this Amazing opportunity to own a Great Producing 8 Unit Commercial Property located in the Heart of East Los Angeles that is generating great rental income already but has a ton of more potential room for growth. This property consist of 7 units 1 Bedroom 1 Bathroom and 1 Unit 3 Bedroom and 1 Bathroom. The property was just freshly painted on the exterior, a new roof was put in recently, and property has been well maintained. This property has its own laundry room with coin operated machines...Welcome to this Amazing opportunity to own a Great Producing 8 Unit Commercial Property located in the Heart of East Los Angeles that is generating great rental income already but has a ton of more potential room for growth. This property consist of 7 units 1 Bedroom 1 Bathroom and 1 Unit 3 Bedroom and 1 Bathroom. The property was just freshly painted on the exterior, a new roof was put in recently, and property has been well maintained. This property has its own laundry room with coin operated machines for tenants use and will generate extra income for you. Property is located on the County Side where water bill is cheaper and has a low cost to maintain the property. The property is located in a highly desirable area of East Los Angeles located steps away from the famous Whittier corridor and close to many shopping stores and major freeways 5, 710, and 60 FWYS. Due to it's location vacancies are a thing of the past when a property comes up for rent there's a line of tenants looking to rent. You wont want to miss this opportunity perfect for a 1031 Exchange or any one looking to tap into Commercial Real Estate. See you in Escrow :).
- Listed by EDWIN BLANCO • DRE #02054714 • Brokerage DRE #01525011 • CENTURY 21 REALTY MASTERS • 323-695-1868
Property Details for 732 South Ferris Avenue
Parking Spaces Total
0
Private PoolNo
Total Units8.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3788
Assessor Parcel Number5240-007-007
Property Attached YNtrue
LISTING UPDATED: 10/29/2024 05:15 AM
Property Details for 732 South Ferris Avenue
Status | Active |
---|---|
MLS # | MB24147881 |
Days on Market | 138 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1928 |
Lot Size | 0.24 AC / 10,630 SF |
County | Los Angeles County |
Building Information for 732 South Ferris Avenue
Stories1Residences-Year Built1928Building Size-Lot Size0.24 AC / 10,630 SF
Property Information for 732 South Ferris Avenue
Property History for 732 South Ferris Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 732 South Ferris Avenue
Taxable ValueLand$202,361Additions$368,405Total$570,766
Tax Record2024$11,404 ($950 / month)
Home Facts
Total Finished SqFt3,788 SqFtAbove Grade Finished SqFt3,788 SqFtLot Size10,667 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLCR3*CountyLOS ANGELESAPN5240-007-007
Schools near 732 South Ferris Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Ford Boulevard Elementary School PublicK to 5 | ||
Arts In Action Community Middle Charter6 to 8 | ||
James A. Garfield 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.
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