12025 Pacific Ave, Los Angeles, CA 90066

Property Description

Huge Price Reduction:The investor's dream: 5-unit income property WITH SUBDIVISION APPROVED FOR 7 UNITS (THE PLANS ARE 50% COMPLETE)! The back unit is a duplex and is owner occupied. The downstairs unit of the duplex is completely remodeled; new kitchen, new bathroom, new flooring, and entire duplex has new copper plumbing. The rest of unit are rented, tenants are on a month-to-month rental agreement. Owner pays for water and tenants are responsible for all other utilities plus their own garbage collection. The property info is as follow: Unit #1 2bed/1bath: OOC, 973 SF Unit #2 Suite (with kitchen, bathroom) OOC, 375 SF Unit #3: 1bed/1bath Rented Unit #4: 1bed/1bath Rented Unit #5: 2bed/1bath Rented 3 car garage + 2 Car Space Total living area: 3,430 SF Land SF 7,507 SF Zoning R3-1 All 5 units are bright and in good condition. The complex is close to ocean (2.5 miles away). The neighborhood is quiet. The subject has 3 car garage plus two car space (permitted). Washer/Dryer is located in the garage for owner use, but it can be converted in a metered income laundry. The landscaping is great with 4 palm trees. The ocean breeze is notable throughout the units all day long!