Views
Address
2317 S Congress Avenue Los Angeles, CA
Price
$ 850,000
Property Attributes
  • MLS#SR21014443
  • TypeContingent
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90018
  • Style
  • Price$ 850,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size6,655 SqFt
Listing Provided Courtesy Of:
Christopher Martinez Diaz with Vinco Vinco Realty & Investments Inc.
Data Source:
CRMLS
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.

Price History
1/22/2021 Listed $850,000

General Features

Accessibility Parking
Architectural Style Other
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban
Cooling None
Electric Standard
Garage Spaces 4
Garage Y/N Yes
Heating See Remarks, Wall Furnace
Interior Features Ceiling Fan(s)
Listing Agent Christopher Martinez Diaz - BRE#01917060
Listing Agent State License 01917060
MLS Area C16 - Mid Los Angeles
Parking Features Covered, Door-Single, Driveway, Garage, Off Site, Garage Faces Rear
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Roof Other, See Remarks
Security Features Smoke Detector(s), Window Bars
Sewer Public Sewer
Spa Features None
Special Listing Conditions Standard
Status Active Under Contract
Terms Cash, 1031 Exchange
Total Actual Rent 3907
Total Units 4
Utilities Electricity Available, Sewer Connected, See Remarks, Water Available
View City Lights
Zoning LARD2

Interior Features

Common Walls 2+ Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features None

Exterior Features

Fencing Fair Condition, Good Condition
Lot Features 2-5 Units/Acre
Lot Size Acres 0.15
Lot Size Area 6655
Lot Size Source Assessor
Lot Size Square Feet 6655
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Road Frontage Type City Street
Road Surface Type Paved
Total Parking 4
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 90018

Price
AVG $1.06M
$850K
Visits
AVG 72
22
Year Built
AVG 1926
1939
Walkscore
AVG 73
71
Data Provided by Walkscore ® not using MLS data

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