434 E Avenue 28
Property Description
Bank-owned multi-family investment opportunity in the heart of Lincoln Heights. This 2-story, 4-unit building sits on a 3,770 SF corner lot zoned LARD3 and offers strong value-add potential for experienced investors. Originally constructed in 1911, the property features approximately 4,307 SF of building area with 5 bedrooms and 4 bathrooms across four assessor-recognized units. Centrally located with excellent freeway access via the 110 and I-5, the property is minutes from Downtown Los Angeles, Lincoln Park, and the rapidly revitalizing Lincoln Heights commercial corridor along North Broadway. The neighborhood continues to attract investment as Northeast LA experiences sustained demand for multi-family housing. Property is sold strictly as-is. Subject to existing tenancies. Buyer to independently verify all unit configurations, permits, zoning compliance, and code status. Will likely will require a cash sale, as financing may not be possible. Do not disturb occupants.
Broker Details
Edward Thomas Investments (818) 848-3637
MLS ID: B36369 State License Number: 01293683
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,125,000 |
| No. of Units: | 4 |
| Year Built: | 1911 |
| Opportunity Zone: | No |
| Price per unit: | $281,250 |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 0 |
ID: 3yd-MRMLSCA-BB26060288
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