$1,050,000

***Rare opportunity to own one of the most valued income properties in a prime location on the LA market!*** You will have difficulty finding a well cared for 4-plex with long-term, wonderful tenants like this one! This gem offers two 1st floor units with patios, two upstairs units, two oversized garages, and an adjacent carport. Minimum annual income starts at $45,000. Increase your profit by taking advantage of Californiaâs statewide expanded housing law which legalizes garage conversions into dwelling units. Imagine the possibilities! All four units feature 2 bedrooms, one full bathroom, oversized living rooms, functional kitchens, and best of all, the rooms allow for plenty of natural light. Unit sizes range from 801-820 square feet. The common areas are kept tidy and perfectly manicured, keeping maintenance costs low. This property has great curb appeal complimented by the lush green lawn, decorated with two beautiful custom art sculptures made from skilled iron work. There are also five gas and electricity meters. Conveniently located near a hand car wash, public storage, Fire Department, gas station and other small businesses, including local coffee shops and eateries. College students are within walking distance to Cal-State LA University. USC Keck Medicine, LA County Hospital, and Downtown LA are just a few minutes away. The property is located within the community of El Sereno in Northeast Los Angeles which borders the cities of South Pasadena and Alhambra. Place an offer today before itâs too late!**VIRTUAL TOURS OF ALL 4 UNITS AVAILABLE UPON REQUEST**