136 E Ave 41, Los Angeles, CA 90031

Property Description

Two separate eight unit Apartment Buildings for sale that are back to back on two different streets, 135 E. Avenue 40 and 136 E. Avenue 41, owner would prefer to sell both buildings together. Owner may consider selling them separately, however closings on both building must be concurrent to accommodate seller's 1031 Exchange. The Listed Price is for both buildings. Each building has (4) 2 Bedroom, 1 Bath units and (4) 1 Bedroom, 1 Bath Units. Each Building has 8 parking spots, one for each unit. The Roofs are newer with 20 year warranties on both buildings. The Exteriors of both buildings have been recently painted. Driveways and Parking Spots have just been resurfaced. Wrought Iron has been repaired and painted. All work has been fully permitted by the city. Each Building has 4726 sq. ft. and the lots approximately 7500 each. Both buildings are always rented and currently have long term tenants. Sellers Choice of Escrow and Title Service Providers. Buyers must agree to cooperate in Sellers 1031 Tax Deferred Exchange and to close escrow concurrently. Income and Expenses listed are for both buildings.