Multiple Listing Service Los Angeles Real Estate

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721 School Ave, Los Angeles, CA. 90022

Listing Price: $800,000 Sold Price: $820,000
Beds: 3 | Baths: 6

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Details

MLS#: 24-361285

APN#: 6342-034-027

Status: Sold

Lot Size: 6894

Sq Ft: 2260

Beds: 3

Baths: 6

Style: N/A

Year Built: 1941

Subdivision:

Roof: N/A

Spa: N/A

Tennis: N/A

Laundry: N/A

Heat: Wall

Air: Wall/Window

Property Type: Income

Sale Type: Standard

Land Type: N/A

Lease Amount: N/A

Lease Exp: N/A

HOD: N/A

Area: East Los Angeles

City: Los Angeles

Zip code: 90022

Map: N/A

View: N/A

Waterfront: N/A

Sewer: N/A

Parking # 6

Security: N/A

Amenities: N/A

Pool:

Floor: N/A

Rooms: N/A

Fireplace: N/A

Parking: Garage Is Attached, Uncovered, Driveway
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Remarks Community Report

We are pleased to present 721 School Ave, a remarkable 6-unit multifamily property located in the heart of East Los Angeles. This unique property, featuring three separate structures, is being offered for sale for the first time in nearly 40 years.Built in 1941, the property consists of (3) one-bedroom units and (3) studio units, providing a total of 2,260 square feet of rentable space on a spacious 6,892 square foot lot. A notable feature of this property is the inclusion of (4) parking garages, which offer potential for conversion into ADUs (subject to buyer verification) or can be used to generate additional income through parking and/or storage fees.Situated near Whittier Blvd, a major thoroughfare in East Los Angeles, Montebello, and Whittier, 721 School Ave offers exceptional accessibility. It is conveniently located close to the 5/60/710 freeways and the Metro Gold Line's Atlantic Station, providing residents with easy commuting options. The property is also within close proximity to the famous Citadel Outlets, adding to its desirability.For the savvy investor, there is an opportunity to achieve nearly a 75% upside in rents through strategic renovations as future vacancies arise, making this an attractive investment in the bustling East Los Angeles market.

Seller's Agents

- Name: Keshishian, Sevak | Email
- Phone: 818-212-2694
- Cell: 818-726-0922
- CalDRE #: 01887505
- Office: Marcus & Millichap
- Office Phone: 818-212-2700
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- CalDRE #: N/A
- Office Name: N/A
- Office Phone: N/A

Buyer's Agents

- Name: Keshishian, Sevak | Email
- Phone: 818-212-2694
- Cell: 818-726-0922
- Lic #: 01887505
- Office: Marcus & Millichap
- Office Phone: 818-212-2700
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- Lic #: N/A
- Office Name: N/A
- Office Phone: N/A

Last Updated: 4/5/2024 12:43:47 PM

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