4141 Floral DR Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90063
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV24176914
Year Built 1953
Lot Size 5,998 Sqft
Property Description
Presenting a well-located multifamily property between City Terrace and East Los Angeles. This property operates as a three-unit property, offering a great mix of a 3-bedroom, 1-bath standalone unit at the rear, along with two units at the front?one with 3 bedrooms and 1 bath, and the other with 2 bedrooms and 1 bath.
Key features include gated entry and parking options for tenants, all situated on a spacious 5,999-square-foot lot. The units were built in 1927 and 1953, adding a touch of historical charm. The property is not subject to LA rent control, so it only falls under statewide AB 1482 rent control?giving you more flexibility. Tenants are responsible for paying for their own gas and electricity, making this a low-maintenance option for investors. With its single-story layout and prime location in a rapidly developing neighborhood, this property is ideal for investors looking to either start or expand their rental portfolio. Please note that while the property has been operating as three units, it may be permitted as a two-unit property. Each unit has its own mailing address.
Don?t miss out on this exciting opportunity to invest in East LA!
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCR2*
Interior
Heating None
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Outside
Exterior
Parking Features Shared Driveway
Fence Block
Pool None
Community Features Sidewalks
Utilities Available Other
View Y/N No
View None
Roof Type Shingle,Spanish Tile
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Private Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange
Special Listing Condition Standard