47
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$799,000
Est. payment /mo
8,503 Sqft Lot
Pending
2601 Johnston ST Lincoln Heights, CA 90031
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSR25061412
Style Traditional
Originating Board California Regional MLS
Year Built 1923
Lot Size 8,503 Sqft
Property Sub-Type Duplex
Property Description
Investors this is a great opportunity to own a nice Duplex in the up-and-coming area of Lincoln Heights with a very large lot creating the possibility of building one or two ADU's which could significantly increase the rental income Specially with the LARD3 Zoning which designates the area for limited multiple residences, allowing for higher density residential development like townhouses, duplexes or small apartment buildings. Please always check with the city. It also provides the possibility for the buyer to live in one unit and rent the other to offset their monthly mortgage. With a little TLC it can really bring out its full charm. This property falls under the Los Angeles City Rent Stabilization Ordinance (RSO) which regulates rents and evictions of properties built prior to October 1, 1978. Buyers are adviced to do their own due diligence regarding RSO guidelines and requirements with the Los Angeles Housing Department. There are two identical units side by side with flexible layouts both offering a formal living room, large open area which could be used as a second bedroom since there is a closet or a dining room and or office/den, 1 bedroom, 1-bathroom, indoor laundry room, kitchen has many cabinets and a dining area plus an open spacious hallway with linen closet
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Rooms
Kitchen Garbage Disposal, Oven Range - Gas, Oven Range
Interior
Heating Wall Furnace
Cooling None
Laundry Gas Hookup, In Laundry Room, 30
Exterior
Parking Features Storage - RV, Parking Deck, Other
Pool 31, None
View None
Roof Type Composition
Building
Lot Description Grade - Level
Story One Story
Foundation Raised
Sewer Sewer Available
Water Hot Water, District - Public
Architectural Style Traditional
Others
Tax ID 5206009013
Special Listing Condition Not Applicable
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Listed by Linda Gonzalez • Pinnacle Estate Properties