2621 7TH AVE Los Angeles, CA 90018

This four unit quadruplex with 2 bedroom 1 bath units will be delivered with TWO UNITS WILL BE DELIVERED VACANT AT THE CLOSE OF ESCROW and ready to rent or owner-occupy. The units are spacious and have formal living room, dining room, amply sized kitchen with back doors for each unit. Tenant occupied units are well maintained and tenants are long term and have a consistent rent history; rental income is subsidized from the Section 8 program; Los Angeles Rent Stabilization Ordinance applies to this building. This fourplex is centrally located at the western border of the Jefferson Park HPOZ less than and half of mile from the new expo rail line and the 10 freeway. One vacant unit has been REMODELED and the other vacant unit is in good condition. Detached 2 car garages (one parking space per unit). Grassy front yard with citrus tree. Become an owner occupant or advance your real estate portfolio in one of the hottest markets in Los Angeles. Trust sale no court confirmation needed. SOLD "AS IS." Please do not disturb occupants. Current rents are a combination of Section 8 rent subsidy and tenant contributions - total rents for two rented units is $1,972 per month. Annualized rents are based on last 12 month cash flow statement which included owner's rents (unit is now vacant). Two units will be delivered empty at the close of escrow; rent comparables reflect $2,200 - $2,700 depending on upgrades is market for units of similar size and same zip code; no guarantees are made as to market rents; buyer must verify their own rent comps. Property will be sold in As Is condition. Property is not available for Lease or Rent to Own.