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    2317 S Congress Avenue

    Los Angeles (City), CA 90018
    • $850,000
    • STATUS: Active Under Contract
    • ON SITE: 109 days
    • MLS #: SR21014443
    Under Contract
    UPDATED: 4 min ago
    $850,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,366
      SQFT
    • $359
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    Vinco Vinco Realty Group (VVRG) is pleased to present 2317 S Congress, a Value-add opportunity comprised of four (4) units all one bedroom - one bathroom. The property is located in the Adams-Normandie neighborhood. This unique investment offers an investor over 70% in upside rents in a rapidly growing submarket. The subject property is located in a highly sought-out Normandie-Adams neighborhood. Over the past few years, many residents and investors have seen significant appreciation in these submarkets, with rents skyrocketing. Increased amenities in the area has increased the neighborhood appeal. This pocket sits adjacent to Jefferson Park, West Adams, University village, and just south of Korea Town. Within a short 5-10 minute drive, tenants would enjoy shops, entertainment & quality dining options.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T07:35:42.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CARLILE Realty & Lending. Licensed in the State of California, USA.
    www.carlilerealty.com/homes/113563953
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    2317 S Congress Avenue Los Angeles (City), CA 90018

    • Price: $850,000
    • Status: Active Under Contract
    • Updated: 4 min ago
    • MLS #: SR21014443
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,366
    SQFT
    $359
    $/SQFT
    1939
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Vinco Vinco Realty Group (VVRG) is pleased to present 2317 S Congress, a Value-add opportunity comprised of four (4) units all one bedroom - one bathroom. The property is located in the Adams-Normandie neighborhood. This unique investment offers an investor over 70% in upside rents in a rapidly growing submarket. The subject property is located in a highly sought-out Normandie-Adams neighborhood. Over the past few years, many residents and investors have seen significant appreciation in these submarkets, with rents skyrocketing. Increased amenities in the area has increased the neighborhood appeal. This pocket sits adjacent to Jefferson Park, West Adams, University village, and just south of Korea Town. Within a short 5-10 minute drive, tenants would enjoy shops, entertainment & quality dining options.
    Exterior Features

    Architectural Style Other Fencing Fair ConditionGood Condition Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Parking Features CoveredDoor-SingleDrivewayGarageOff SiteGarage Faces Rear Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof OtherSee Remarks Spa Features None Spa YN No View City Lights View YN Yes

    Interior Features

    Accessibility Features Parking Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating See RemarksWall Furnace Heating YN Yes Interior Features Ceiling Fan(S)

    Property Features

    Additional Parcels YN No Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSidewalksUrban Current Financing ConventionalFhaFannie MaeOtherPrivate Electric Standard Garage YN Yes Gross Income 0 Gross Scheduled Income 46884 Insurance Expense 1065 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash1031 Exchange Net Operating Income 26297 New Construction YN No New Taxes Expense 10201 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 19181 Possession See Remarks Rent Control YN Yes Security Features Smoke Detector(S)Window Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3907 Trash Expense 0 Utilities Electricity AvailableSewer ConnectedSee RemarksWater Available Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Lard2

    Listing provided courtesy of Christopher Martinez Diaz of Vinco Vinco Realty & Investments Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T07:35:42.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CARLILE Realty & Lending. Licensed in the State of California, USA.
     
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    Sacramento CA, 95825