326 E 116th Street, Los Angeles, CA 90061

$550,000 Asking Price

3 beds
1 bath
912  sqft
Built in 1928

Charming single-family home is a fantastic investment opportunity with performing renters already in place. The property boasts a generous lot size of 6,289 sq ft, providing ample outdoor space, with mature trees & plenty of shade! The home itself is a cozy 912 sq ft and features 3 bedrooms plus 1 bathroom. Its a perfect blend of vintage charm and contemporary comfort; or LAR2 zoning if you're thinking bigger & love to build. Located in the heart of Los Angeles, this property is surrounded by a variety of local amenities. Its conveniently close to the 105 & 110 freeways, making commuting a breeze. Restaurants, grocery, and home improvement stores all close at hand. Magic Johnson & multiple other parks nearby. Reasonable 20 min drive to LAX or Long Beach airports. Ready for your next investment or in a time crunch on your 1031 exchange? Dont miss out on this great opportunity to invest in a property in the heart of Los Angeles with a performing renter in place. Contact us today for more information or to schedule a tour.

Features & Amenities

Interior

Laundry:
Inside
A/C:
N/K
Fireplace:
N/K

Exterior

Pool:
None
Parking:
Driveway, Parking spaces: 0

Construction

Roofing:
Composition,Shingle
General:
1 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Los Angeles

Lot

Zoning:
LAR2, 6083008015
View:
Neighborhood
Fencing:
Average Condition

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Berkshire Hathaway HomeService, Angie Weeks

About Los Angeles, CA

Housing

Number of Units
906,276
Median Home Value
$764,749
Median Rent
$1,399

71.58% of housing units are renter occupied.

6.82% are vacant.

Commute

Car
56.67%
Public Transportation
8.41%
Walk to Work
3.27%
Work from Home
29.71%
Other
1.00%

The median travel time to work is 25 minutes.

People

Population
2,373,885
Median Age
35.80
Median Household Size
2.78

Education

High School
18.57%
Associate’s Degree
5.55%
Bachelor’s Degree
22.72%
Graduate Degree
12.23%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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