637 S Mcdonnell Ave
Property Description
Situated in the heart of East Los Angeles, this well-located multifamily investment presents an attractive combination of tenant appeal, convenience, and future upside. The property features an attractive unit mix of (1) 2 bd + 1 ba, (6) 1 bd + 1 ba, and (4) studios, providing a diverse mix of rental options suited to a broad tenant base. The property's mostly single-story construction offers a practical advantage for ownership, providing easier maintenance and an appealing living environment for prospective tenants.In addition to its existing income stream, the property offers potential for increased rental income and future ADU development, providing an investor with multiple avenues to enhance value and maximize the property's income-producing potential, subject to applicable zoning and permitting requirements. Plans for two ADUs were previously approved.Location further strengthens the investment profile. Residents are within walking distance of the Metro Gold Line Station, providing convenient access to public transportation and connectivity throughout Los Angeles. The property is also near the East Los Angeles Civic Center, offering access to community events, entertainment, recreational opportunities, and local services. Nearby Whittier Boulevard provides an established mix of shopping, dining, and everyday conveniences.For commuters, the property offers convenient access to the 710, 10, and 5 Freeways, providing efficient connectivity to Downtown Los Angeles, surrounding employment centers, and major destinations throughout the region.
Broker Details
RE/MAX Commercial & Investment (213) 233-4363
MLS ID: X76426 State License Number: 01372010
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,775,000 |
| No. of Units: | 11 |
| Year Built: | 1927 |
| Lot Size: | 4,072.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $161,364 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 11 |
ID: 3yd-CLAWCA-26872303
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