2601 Johnston St, Lincoln Heights, CA 90031

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 closets. Both units have access to directly to the back yard from the laundry room. Properties in these areas are on the rise and often appreciate in value over time, making this a potentially smart choice for long term growth due to its central location near downtown Los Angeles, Dodger Stadium, Griffith Park/Observatory, Close Freeway Access to the 5, 110, 10 making it great for commuters.