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Sold for $425,000 on 05/05/25
  • Listing Provided by: 

    Angie Weeks DRE #01398537 949-338-7408,

    First Team Real Estate,

    Jay Dharmasuriya DRE #00815366,

    Realty Brokerage Group Inc

    $425,000

    326 E 116th St, Los Angeles, CA 90061

    --beds
    --baths
    912sqft
    Multi Family
    Built in 1928
    -- sqft lot
    $416,300 Zestimate®
    $466/sqft
    $2,921 Estimated rent

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    $2,921/mo

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    $2,921/mo

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    $2,609/mo

    Est. payment

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    $2,609/mo

    Est. payment

    What's special

    Charming single-family home is a fantastic investment opportunity with a generous lot size of 6,289 sq ft, providing ample outdoor space, with mature trees & plenty of shade! The home itself is a cozy 912 sq ft and features 2 bedrooms plus 1 bathroom. Tax records say 3 bds; there is a detached room with lots of deferred maintenance and potential in the back yard. With LAR2 "two family" zoning... you can think big & decide to build another unit &/or an ADU. Located in the heart of Los Angeles, this property is surrounded by a variety of local amenities, and is not RSO. It’s conveniently close to the 105 & 110 freeways, making commuting a breeze. Restaurants, grocery, and home improvement stores all close at hand. Magic Johnson & multiple other parks nearby. Reasonable 20 min drive to LAX or Long Beach airports. Ready for your next investment or in a time crunch on your 1031 exchange? Don’t miss out on this great opportunity to invest in a property in central Los Angeles with so much potential!

    Zillow last checked: 7 hours ago

    Listing updated: May 05, 2025 at 12:24pm

    Listing Provided by:

    Angie Weeks DRE #01398537 949-338-7408,

    First Team Real Estate,

    Jay Dharmasuriya DRE #00815366,

    Realty Brokerage Group Inc

    Bought with:

    Alberto A Romero Meza, DRE #01705343

    Good Opportunity Company Inc.

    Source: CRMLS,MLS#: OC24198015MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Cooling
    • None
    Appliances
    • Laundry: Inside
    Features
    • All Bedrooms Down, Bedroom on Main Level
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 912
    • Total interior livable area: 912 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Attached Carport, Driveway
    • Carport spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Entry location: front door
    • Pool features: None
    • Spa features: None
    • Fencing: Average Condition
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 6,289 sqft
    • Features: Level, Rectangular Lot, Yard
    Details
    • Additional structures: Shed(s)
    • Parcel number: 6083008015
    • Zoning: LAR2
    • Special conditions: Probate Listing

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Multi Family
    Materials
    • Concrete, Stucco
    • Foundation: Slab
    • Roof: Composition,Shingle
    Condition
    • Repairs Cosmetic
    • New construction: No
    • Year built: 1928

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s)
    Community
    • Community features: Curbs, Gutter(s), Park, Storm Drain(s), Street Lights, Sidewalks
    Location
    • Region: Los Angeles

    HOA & financial

    Other financial information
    • Total actual rent: 1500

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,FHA 203(k),FHA,Submit,VA Loan
    • Road surface type: Paved
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    Estimated market value
    $416,300