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Sold for $1,325,000 on 02/11/25
  • Listing Provided by: 

    EDWIN BLANCO DRE #02054714 323-695-1868,

    CENTURY 21 REALTY MASTERS

    Bought with: CENTURY 21 REALTY MASTERS
    $1,325,000

    732 S Ferris Ave, Los Angeles, CA 90022

    10beds
    8baths
    3,788sqft
    Mixed Use
    Built in 1928
    -- sqft lot
    $1,302,600 Zestimate®
    $350/sqft
    $2,685 Estimated rent

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    $2,685/mo

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    $2,685/mo

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    $8,286/mo

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    $8,286/mo

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    What's special

    Welcome to this Amazing opportunity to own a Great Producing 8 Unit Commercial Property located in the Heart of East Los Angeles that is generating great rental income already but has a ton of more potential room for growth. This property consist of 7 units 1 Bedroom 1 Bathroom and 1 Unit 3 Bedroom and 1 Bathroom. The property was just freshly painted on the exterior, a new roof was put in recently, and property has been well maintained. This property has its own laundry room with coin operated machines for tenants use and will generate extra income for you. Property is located on the County Side where water bill is cheaper and has a low cost to maintain the property. The property is located in a highly desirable area of East Los Angeles located steps away from the famous Whittier corridor and close to many shopping stores and major freeways 5, 710, and 60 FWYS. Due to it's location vacancies are a thing of the past when a property comes up for rent there's a line of tenants looking to rent. You wont want to miss this opportunity perfect for a 1031 Exchange or any one looking to tap into Commercial Real Estate. See you in Escrow :).

    Zillow last checked: 8 hours ago

    Listing updated: February 11, 2025 at 03:27pm

    Listing Provided by:

    EDWIN BLANCO DRE #02054714 323-695-1868,

    CENTURY 21 REALTY MASTERS

    Bought with:

    EDWIN BLANCO, DRE #02054714

    CENTURY 21 REALTY MASTERS

    Source: CRMLS,MLS#: MB24142034MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 8
    Appliances
    • Laundry: Laundry Room
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,788
    • Total interior livable area: 3,788 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 10,630 sqft
    Details
    • Parcel number: 5240007007
    • Zoning: LCR3*
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1928

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Los Angeles

    HOA & financial

    Other financial information
    • Total actual rent: 11101

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange
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    Estimated market value
    $1,302,600