305 S MottLos Angeles, CA 90033

Description

Owner-user opportunity in Boyle Heights. Front 2-bedroom, 1-bath unit will be delivered vacant at close of escrow, giving the next owner the option to occupy one unit while benefiting from the income potential of the remaining units. Based on stated pro forma rents and garage income, the property offers approximately $98,700 in annual gross income potential — roughly a 9.7 GRM at the current asking price. Currently configured as 4 units (public records reflect 3 units), with one 2-bedroom unit and three 1-bedroom units, separate gas and electric meters, two garage spaces, and a 6,698 SF lot. The 2-bedroom unit has a stated pro forma rent of $2,350/month, with stated pro forma rents of $1,825/month for each of the three 1-bedroom units. Conveniently located near Downtown Los Angeles, the Arts District, Keck Medicine of USC, Metro transit, and the 5, 60 and 101 freeways. Property sold as-is. Buyer and buyer's agent to independently verify unit count, permits, rents, expenses, income, and all other information and conduct their own inspections and due diligence.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1922

Stories

1

Building area

2,421 Sq Ft

Lot size

0.15 acres

Garage spaces

2

Parking spaces

2

Days on market

80

MLS^® Listing#

PW26161182

Property Features

Flooring

Vinyl · Wood

Pool

None

Parking

Garage · On Street

Laundry

Washer Hookup · Electric Dryer Hookup · Gas Dryer Hookup · Inside

Lot features

Corner Lot

Foundation

Raised

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Community

Curbs · Street Lights · Sidewalks

Utilities

Electricity Available · Natural Gas Available · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

5180012026

Directions

From I-5 or CA-60, exit Soto St. Head north on Soto St, turn right on E 3rd St, then turn right onto S Mott St. Property is on the right between E 3rd St and E 4th St.