120 N Ave 25, Los Angeles, CA 90031

Property Description

Investor's Delight! Rare opportunity to acquire a four-unit income property in one of Los Angeles' fastest growing neighborhoods, and three of the four units will be delivered vacant at the close of escrow. With the ability to immediately place market-rate tenants, this is a perfect value-add investment with future upside already built in. Located in the vibrant Lincoln Heights community, this 1920s character building sits in an incredible central location just moments from the 5, 110, and 101 Freeways, providing fast access to Downtown LA, Chinatown, Elysian Park, Dodger Stadium, Highland Park, Echo Park, Silver Lake, Los Feliz, and Pasadena. Commuting, exploring, dining, and entertainment couldn't be more convenient. The property features three vacant units plus one tenant-occupied unit, allowing investors to reposition the building immediately. Each unit has its own charm, natural light, and functional layout. The building is individually metered for electricity and gas, offering lower owner expenses and simplified management. A major bonus: this property provides the potential to add an ADU or additional units on the spacious rear portion of the lot (buyer to verify with the City of Los Angeles). With increasing demand for quality housing in central LA, the opportunity to maximize income is exceptional. Additional features include onsite parking spaces for multiple cars, rear alley access, and a highly walkable community surrounded by local restaurants, markets, outdoor recreation, and historic neighborhood charm. Whether you plan to maximize rental income, add new units, or reposition the property long-term, this property offers multiple strategies for impressive return on investment. Four units, three vacant, prime location, strong rental upside, separately metered utilities, parking, and future development potential opportunities like this rarely hit the market. Don't miss your chance to own a strategic investment in one of Los Angeles' most centrally connected and rapidly improving neighborhoods.