2955 Allesandro St$1,482,800Sold

Fully renovated fourplex with $8390 in monthly income makes this a rare cash-flowing offering in red-hot Frogtown. Located half a block from the L. A. River bike path and "Best of LA" eatery Lingua Franca, the property is composed of four studio units, currently rented for $1495, $1895, $1650, and $1750 per month. In addition, there's a rear garage rented as an art studio for $1600/mo (possible ADU conversion, buyer to verify). The units are stylishly updated and renovated, with polished concrete floors, open shelving, butcher block counter tops, and stainless steel kitchen appliances. Each residential unit also comes with its own off-street parking space. There is a common laundry area and the property is secure and gated. Condition, area, and rental income all make this a fantastic entry-level rental property investment, or a tax-deferred exchange upleg. Please do not disturb the tenants.