1601 Pennsylvania Avenue, Los Angeles, CA 90033

$899,000

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List Price
$899,000
Status
ACTIVE
MLS#
SR26215112
Year Built
1900
Lot Size
6,326
Acres
0.15
Lot Location
Corner Lot
Days on Market
3
Property Type
Multifamily
Property Sub Type
Duplex
Stories
Two Levels

Property Description

DELIVERED VACANT AT CLOSE—LIVE IN THE FRONT AND EXPLORE RENTAL INCOME POTENTIAL IN THE BACK! Situated on a corner lot in Boyle Heights, 1601 Pennsylvania Avenue presents an exciting opportunity for owner-occupants and value-add investors. Move into the 3 bed + 2 bath front house and explore how rental income from the two rear 1+1 accommodation could help offset your mortgage and ownership expenses. Reported as a duplex, the property features a front residence and a rear residential building on an approximately 6,300-square-foot lot with 2004 livable square foot. Vacant delivery gives buyers flexibility to plan improvements, personalize their home, and pursue a rental strategy without taking over existing tenancies. The rear unit has been divided into two separate living spaces without permits, offering buyers an opportunity to investigate legalization or reconfiguration, subject to City approval. A detached garage with existing plumbing provides another possibility for a future ADU conversion, subject to applicable requirements and permits. Whether you’re seeking a primary residence with supplemental income potential or an investment with room for improvement, this property offers a compelling starting point. Bring your vision, your contractor, and your plans to build long-term equity! Property will be delivered vacant at close of escrow. Represented as a duplex, not a permitted triplex. Buyer to independently verify square footage, permitted unit count, zoning, lawful rental use, and feasibility of legalization or ADU conversion. Additional units and rental income are not guaranteed; rent may not cover the mortgage or ownership expenses.

Additional Information

Pool Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
None
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$39,072
Operating Expense
13123

Listing courtesy of Listing Agent: Vijay Sharma (myrealtorvijay@gmail.com) from Listing Office: Keller Williams VIP Properties.

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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.