CA > Los Angeles
Los Angeles, CA 90031,1926 N Johnston Street
Los Angeles, CA 90031,1926 N Johnston Street
Los Angeles, CA 90031,1926 N Johnston Street
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$1,389,000
Est. payment /mo
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5 Beds
3 Baths
New

1926 N Johnston Street Los Angeles, CA 90031

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS25165151

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

Property Description

First time on the market property! Priced only at $335 per sq ft and $270,000 per unit with no RSO. This five-unit building consists of eleven beds and five baths in Lincoln Heights neighborhood, totalling 4,032 sq ft. Great location next to Chinatown, Art District, and many freeways (110 fwy, 5 fwy, 2 fwy, 101 fwy). There is a mix of four 2-bed 1-bath units and one 3-bed 2-bath unit. Two units have been completely renovated with new electric, plumbing, and cooling units, with new kitchens and bathrooms. The building was just painted for curb appeal. There are upside rents with three of the under-market units. Since the building was built in 1980, it is not under RSO, so rents can be caught up to market sooner. The property is on a large lot of 7789 square feet with RD-1 zoning. This allows for additional development opportunities in the future. Based on zoning, owners can add up to 4 more units on existing (but please verify with the city). Another cheaper alternative is adding an ADU by utilizing the six parking spaces under the building. The property is close to many new restaurants in Chinatown, Los Angeles State Historical Park, Dodger Stadium, San Antonio Winery, Elysium Park, Keck USC Hospital, and many other attractions, making it a great investment opportunity for owners seeking rental income and stability. Interior showings contingent on offers. Do not disturb tenants. Full occupied.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Nearest cross street Broadway

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5210023019

MLS Router / San Diego MLS
Listed by EDMOND WU LANDMARK LENDING REALTY

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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1926 N Johnston Street

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