245 E Avenue 38

Los Angeles, CA 90031

  • 0 Bed(s)
  • 0 Bath(s)
  • 13,622 Sqft
  • 22080
    Sqft(Lot)
$3,100,000

Description

245 e avenue 38 is a well-maintained, 11-unit multifamily property in the evolving north east la submarket. built in 1971, the two-story complex spans 13,622 square feet on a 0.53-acre lot, offering a unique combination of stable income and future development potential. the property features a large parking lot with 30 spaces, an increasingly rare asset in los angeles, which could be leveraged for additional units or amenities. with its proximity to highland park, cypress park, and major transportation hubs, the property is ideally positioned to benefit from strong rental demand. all units are currently leased to long-term tenants, providing an investor with reliable cash flow. additionally, the enclosed front and rear patios in each unit create a desirable living experience, supporting tenant retention and long-term value. this investment offers a combination of immediate income stability and future upside, making it a compelling opportunity in one of la's most dynamic residential markets.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48675168

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Interior Features

    • Fireplace: None

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1971
    • Building Area Total: 13,622

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup,In Kitchen

    Fencing

    • Wrought Iron

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.5069
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 22080

  • Listing Price Information

    • Original List Price: 3,100,000
    • Listing Contract Date: 2025-02-20

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5451003028

  • Garage and Parking

    • Garage Description: Gated,On Site

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 618 - Eagle Rock
    • Directions: On the corner of Carlota Blvd and E Avenue 38. Next to 110 Freeway
    • Source Property Type: Residential Income
    • Area: 618 - Eagle Rock

    Building and Construction

    • Property Age: 54
    • Common Walls: 2+ Common Walls
    • Year Built Source: Assessor
    • Property Attached: Yes
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BuyOwner last updated this listing 02/22/2025 @ 23:01

  • MLS: P1-20955
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 13,622 sqft, 22,080 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90031, this Los Angeles County Home , it is in the Not Applicable Subdivision, are nearby neighborhoods.