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2955 Allesandro St$1,482,800Sold

$1,482,800
Sold
NEXT
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.

1,435 Sq.Ft. LIVING AREA

6,479 Sq.Ft. lot

Brock Harris

Brock Harris

Lori Harris

Lori Harris

Features & Amenities

Interior

  • Laundry room Community
  • APPLIANCES None

Area & Lot

  • Status Sold
  • Living Area1,435 Sq.Ft.
  • Lot Area6,479 Sq.Ft.
  • MLS® ID24-357835
  • TypeResidential
  • YEAR BUILT1959
  • Architecture StylesContemporary
  • Water Frontage['None']
  • View DescriptionNone

Exterior

  • STORIES1
  • PoolNone
  • parkingAssigned
  • HEAT TYPEWall
  • AIR CONDITIONINGWindow Unit(s)

Financial

  • Sales Price$1,482,800
  • Zoning LACM
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Brock & Lori are trusted real estate agents and advisors to thousands of clients throughout LA County. With Brock's 20+ years of buying, selling, and owning LA real estate, and Lori's legal background and design experience, you are in good hands. Looking to buy, sell or invest? Let’s make your real estate plan!