39
See all 39 photos
$1,180,000
Est. payment /mo
8 Beds
4 Baths
6,176 Sqft Lot
Active
1278 Clela Avenue East Los Angeles, CA 90022
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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 CV24142681
Bedrooms 8
HOA Y/N No
Lot Size 6,176 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
New owner may submit application to Los Angeles housing ordinance to request rent increase based on any property improvements!! This is great for anyone doing the math on the current rent and how to increase your market value!! New roof! New exterior paint! GREAT OPPORTUNITY FOR YOU! BRING US AN OFFER - Great area and a Great investment! PARKING IS NOT AN ISSUE WITH THIS PROPERTY. Fourplex property. FOURPLEX 6176 Sq Ft lot size. Imagine building above the garages.... imagine if you turn these 4 plex's to a six-unit apartment by adding two units above garage carports? Very close to Whittier and Montebello. Conveniently located in a desirable area of East LA, near shopping centers, schools, restaurants and access to freeways are just minutes away! This is a fantastic investment opportunity, each unit featuring 2 bedrooms and one-bath, good size living area and good size kitchen with community laundry next to covered car ports in rear area. The community laundry room can easily be changed to digital operated machines to supplement your income. The framed carport is for four cars that can easily add garage doors to. This is a very well-maintained property with original wood flooring in two units, tile flooring in one and carpet in the other. One unit has indoor laundry area. Seller installed brand new roof on building and carport/garage area, exterior paint, retrofit repairs done all in May of 2025. These are big ticket items that you will not have to worry about. Rents are below fair market value which only means a positive cash flow. Highly desired area with pride of ownershi
New owner may submit application to Los Angeles housing ordinance to request rent increase based on any property improvements!! This is great for anyone doing the math on the current rent and how to increase your market value!! New roof! New exterior paint! GREAT OPPORTUNITY FOR YOU! BRING US AN OFFER - Great area and a Great investment! PARKING IS NOT AN ISSUE WITH THIS PROPERTY. Fourplex property. FOURPLEX 6176 Sq Ft lot size. Imagine building above the garages.... imagine if you turn these 4 plex's to a six-unit apartment by adding two units above garage carports? Very close to Whittier and Montebello. Conveniently located in a desirable area of East LA, near shopping centers, schools, restaurants and access to freeways are just minutes away! This is a fantastic investment opportunity, each unit featuring 2 bedrooms and one-bath, good size living area and good size kitchen with community laundry next to covered car ports in rear area. The community laundry room can easily be changed to digital operated machines to supplement your income. The framed carport is for four cars that can easily add garage doors to. This is a very well-maintained property with original wood flooring in two units, tile flooring in one and carpet in the other. One unit has indoor laundry area. Seller installed brand new roof on building and carport/garage area, exterior paint, retrofit repairs done all in May of 2025. These are big ticket items that you will not have to worry about. Rents are below fair market value which only means a positive cash flow. Highly desired area with pride of ownership and very tidy tenants. Property is Los Angeles County ordinance not City of Los Angeles, call 833-223-7368 to discuss rent stabilization. Supplement is application for rent increase due to lower than fair market rents. All units are alike in floor plan. Please review the pictures and read showing instructions. Thank you for your interest. Lets open escrow!!!!!!!!!!
New owner may submit application to Los Angeles housing ordinance to request rent increase based on any property improvements!! This is great for anyone doing the math on the current rent and how to increase your market value!! New roof! New exterior paint! GREAT OPPORTUNITY FOR YOU! BRING US AN OFFER - Great area and a Great investment! PARKING IS NOT AN ISSUE WITH THIS PROPERTY. Fourplex property. FOURPLEX 6176 Sq Ft lot size. Imagine building above the garages.... imagine if you turn these 4 plex's to a six-unit apartment by adding two units above garage carports? Very close to Whittier and Montebello. Conveniently located in a desirable area of East LA, near shopping centers, schools, restaurants and access to freeways are just minutes away! This is a fantastic investment opportunity, each unit featuring 2 bedrooms and one-bath, good size living area and good size kitchen with community laundry next to covered car ports in rear area. The community laundry room can easily be changed to digital operated machines to supplement your income. The framed carport is for four cars that can easily add garage doors to. This is a very well-maintained property with original wood flooring in two units, tile flooring in one and carpet in the other. One unit has indoor laundry area. Seller installed brand new roof on building and carport/garage area, exterior paint, retrofit repairs done all in May of 2025. These are big ticket items that you will not have to worry about. Rents are below fair market value which only means a positive cash flow. Highly desired area with pride of ownership and very tidy tenants. Property is Los Angeles County ordinance not City of Los Angeles, call 833-223-7368 to discuss rent stabilization. Supplement is application for rent increase due to lower than fair market rents. All units are alike in floor plan. Please review the pictures and read showing instructions. Thank you for your interest. Lets open escrow!!!!!!!!!!
Location
State CA
County Los Angeles
Area Los Angeles (90022)
Zoning Assessor
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $172
Acceptable Financing Cash, Conventional, Exchange, FHA, Land Contract
Space Rent $1,740
Listing Terms Cash, Conventional, Exchange, FHA, Land Contract
Listed by Dolores Bueno • DOLORES VARGAS BUENO, BROKER