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326 E 116th Street

Los Angeles (City), CA 90061
  • $499,000
  • STATUS: Pending
  • ON SITE: 184 Days
  • MLS #: OC24198015
Pending
UPDATED: 23 min ago
$499,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Listing Agent(s): Angie Weeks of First Team Real Estate (949-458-1033) and Jay Dharmasuriya of ()


Description

Charming single-family home is a fantastic investment opportunity with 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 2 bedrooms plus 1 bathroom. Tax records say 3 bds; there is a detached room with lots of deferred maintenance and potential in the back yard. With LAR2 "two family" zoning... you can think big & decide to build another unit &/or an ADU. Located in the heart of Los Angeles, this property is surrounded by a variety of local amenities, and is not RSO. 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 central Los Angeles with so much potential!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-27T09:34:08.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/155697550
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326 E 116th Street Los Angeles (City), CA 90061

  • Price: $499,000
  • Status: Pending
  • On Site: 184 Days
  • Updated: 23 min ago
  • MLS #: OC24198015
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1928
Built
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
Charming single-family home is a fantastic investment opportunity with 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 2 bedrooms plus 1 bathroom. Tax records say 3 bds; there is a detached room with lots of deferred maintenance and potential in the back yard. With LAR2 "two family" zoning... you can think big & decide to build another unit &/or an ADU. Located in the heart of Los Angeles, this property is surrounded by a variety of local amenities, and is not RSO. 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 central Los Angeles with so much potential!
Exterior Features

Architectural Style Traditional Carport Spaces 1 Carport YN Yes Construction Materials ConcreteStucco Entry Level 1 Entry Location front door Fencing Average Condition Foundation Details Slab Lot Features LevelRectangular LotYard Number Of Separate Electric Meters 1 Other Structures Shed(s) Parking Features Attached CarportDriveway Parking Total 1 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof CompositionShingle Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Interior Features All Bedrooms DownBedroom on Main Level

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsGutter(s)ParkStorm Drain(s)Street LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 18000 Gross Scheduled Income 18000 Insurance Expense 1200 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventionalFHA 203(k)FHASubmitVA Loan Net Operating Income 16800 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 1200 Possession See Remarks Property Condition Repairs Cosmetic Property Sub Type Single Family Residence Rent Control YN No Security Features Carbon Monoxide Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Probate Listing Total Actual Rent 1500 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0 Water Source Public Zoning LAR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-27T09:34:08.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Angie Weeks of First Team Real Estate (949-458-1033) and Jay Dharmasuriya of ()