2601 Johnston ST Pending Save Request In-Person Tour Request Virtual Tour
Lincoln Heights,CA 90031
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SR25061412
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1923
Lot Size 8,502 Sqft
Property Sub-Type Duplex
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.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LARD3
Rooms
Other Rooms Storage
Interior
Interior Features Built-in Features,Ceiling Fan(s),Crown Molding,Laminate Counters
Heating Wall Furnace
Cooling None
Flooring Tile,Vinyl
Fireplaces Type None
Fireplace No
Appliance Free-Standing Range,Disposal,Gas Range,Water Heater
Laundry Washer Hookup,Gas Dryer Hookup,Laundry Room
Exterior
Parking Features Concrete,Driveway Level,Driveway,Deck,Storage
Fence Chain Link,Stone,Wrought Iron
Pool None
Community Features Street Lights,Sidewalks
Utilities Available Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
View Y/N No
View None
Roof Type Composition
Accessibility None
Private Pool No
Building
Lot Description 0-1 Unit/Acre,Back Yard,Front Yard,Lawn,Landscaped,Level,Yard
Story 1
Entry Level One
Foundation Raised
Sewer Public Sewer,Sewer Tap Paid
Water Public
Architectural Style Traditional
Level or Stories One
Additional Building Storage
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 5206009013
Security Features Smoke Detector(s)
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,Conventional
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,Conventional
Special Listing Condition Standard