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    2317 S Congress Avenue

    Los Angeles, CA 90018
    • $850,000
    • STATUS: Active Under Contract
    • ON SITE: 79 days
    • ID#: SR21014443
    Under Contract
    UPDATED: 58 min ago
    $850,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,366
      SQFT
    • $359
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    Vinco Vinco Realty Group (VVRG) is pleased to present 2317 S Congress, a Value-add opportunity comprised of four (4) units all one bedroom - one bathroom. The property is located in the Adams-Normandie neighborhood. This unique investment offers an investor over 70% in upside rents in a rapidly growing submarket. The subject property is located in a highly sought-out Normandie-Adams neighborhood. Over the past few years, many residents and investors have seen significant appreciation in these submarkets, with rents skyrocketing. Increased amenities in the area has increased the neighborhood appeal. This pocket sits adjacent to Jefferson Park, West Adams, University village, and just south of Korea Town. Within a short 5-10 minute drive, tenants would enjoy shops, entertainment & quality dining options.

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    Based on information from CRISNet MLS as of 2021-04-12T07:55:56.88. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-04-12T07:55:56.88. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/113565483
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    2317 S Congress Avenue Los Angeles, CA 90018

    • Price: $850,000
    • Status: Active Under Contract
    • Updated: 58 min ago
    • ID#: SR21014443
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,366
    SQFT
    $359
    $/SQFT
    1939
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Vinco Vinco Realty Group (VVRG) is pleased to present 2317 S Congress, a Value-add opportunity comprised of four (4) units all one bedroom - one bathroom. The property is located in the Adams-Normandie neighborhood. This unique investment offers an investor over 70% in upside rents in a rapidly growing submarket. The subject property is located in a highly sought-out Normandie-Adams neighborhood. Over the past few years, many residents and investors have seen significant appreciation in these submarkets, with rents skyrocketing. Increased amenities in the area has increased the neighborhood appeal. This pocket sits adjacent to Jefferson Park, West Adams, University village, and just south of Korea Town. Within a short 5-10 minute drive, tenants would enjoy shops, entertainment & quality dining options.
    Exterior Features

    Architectural Style See Remarks Fence YN Yes Fencing Fair ConditionGood Condition Lot Features 2-5 Units/Acre Lot Size Area 6655.0000 Number Of Rented Garages 4 Parking Features CoveredDrivewayGarage Faces RearGarage - Single DoorOff Site Parking Total 4.00 Parking YN Yes Road Frontage Type City Street Road Surface Type Paved Roof OtherSee Remarks View City Lights View YN Yes

    Interior Features

    Appliances None Appliances YN No Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring See Remarks Heating Wall FurnaceSee Remarks Heating YN Yes Interior Features Ceiling Fan(S) Laundry Features None Laundry YN No Room Type See Remarks

    Property Features

    Accessibility Features Parking Additional Parcels YN No Community Features CurbsGuttersSidewalksStorm DrainsStreet LightsUrban Electric Standard Garage Income 0.00 Garage Rental Rate 0.00 Gross Income 0.00 Gross Operating Income 45477.00 Gross Scheduled Income 46884.00 Insurance Expense 1065.00 Land Lease YN No Net Operating Income 26297.00 New Construction YN No New Taxes Expense 10201.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 19181.00 Pool Features None Pool Private YN No Property Attached YN Yes Rent Control YN Yes Security Features Smoke Detector(S)Window Bars Senior Community YN No Sewer Public Sewer Spa Features None Spa YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 19181.00 Trash Expense 0.00 Utilities Electricity AvailableSee RemarksSewer ConnectedWater Available Water Sewer Expense 0.00 Water Source Public Zoning Lard2

    Listing provided courtesy of Christopher Martinez Diaz, CA DRE# , of Vinco Vinco Realty & Investments Inc.


    Based on information from CRISNet MLS as of 2021-04-12T07:55:56.88. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-04-12T07:55:56.88. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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