317 N Occidental, Los Angeles, CA 90026

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List Price
$1,250,000
Status
ACTIVE
MLS#
CV26222517
Year Built
1925
Lot Size
9,337
Acres
0.21
Lot Location
Sloped Down, Front Yard
Days on Market
1
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

ATTENTION INVESTORS! RARE 6-UNIT VALUE-ADD OPPORTUNITY WITH SELLER FINANCING AVAILABLE AT 5.5% INTEREST! Excellent opportunity to acquire a 6-unit multifamily investment property in the heart of Los Angeles with tremendous upside potential! This property offers an attractive unit mix consisting of two 1-bedroom units, two 2-bedroom units, and two spacious 3-bedroom units, providing a diverse rental portfolio with strong income potential. The property is in need of repairs and updating, making it an ideal opportunity for investors looking to renovate, reposition, and maximize rental income while building long-term equity. With six units and a desirable mix of bedroom configurations, this property presents an excellent opportunity for a value-add investment strategy. MAJOR BONUS — SELLER FINANCING AVAILABLE AT 5.5% INTEREST! The owner is willing to carry a note at an attractive 5.5% interest rate, subject to mutually agreed-upon terms and buyer qualification. This unique financing opportunity may allow investors to acquire the property with favorable financing while executing their renovation and improvement plans. Conveniently located in Los Angeles with access to employment centers, shopping, dining, public transportation, and major commuter routes. BRING YOUR CONTRACTORS AND YOUR VISION! Whether you're an experienced multifamily investor or looking to expand your rental portfolio, this property offers the combination of multiple income-producing units, renovation potential, and attractive seller financing. SIX UNITS! VALUE-ADD POTENTIAL! SELLER FINANCING AT 5.5%! DON'T MISS THIS INVESTMENT OPPORTUNITY!

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$172,800
Operating Expense
25000

Listing courtesy of Listing Agent: Brent Lippincott (brent@trechomes.com) from Listing Office: TREC HOMES INC..

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.