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Record Avenue Apartments at 1006 Record Avenue is a private gated multi-family apartment complex in the heart of East Los Angeles. A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. This property would be an excellent opportunity for owners looking to upgrade to a larger rental property. Encompassing 12 fully occupied units with a mix of six two-bed/two-bath units and four two-bed/one-bath units, with ample land for two parking spaces for each unit, which is very rare in this area. Each 6 unit building can be sold separately for $1,750,000. Each building has one one-bed/bath ,two two/one-bath units and three two/two-bath units. Each building has its owner separate washer and dryer in a common area. The property is in a dense residential area of East Los Angeles, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Monterey Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard. East Los Angeles College is three miles away, drawing many students looking for housing to 1006 S Record Avenue. Record Avenue Apartments has hassle-free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile. Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi-family asset.PROPERTY FEATURES
Sewer: Unknown
Water Source: Public
Security Features: 24 Hour Security,Automatic Gate,Gated Community
Accessibility Features: 2+ Access Exits,Parking
Lot Features: Level with Street
Fencing: Average Condition,Wrought Iron
Property Condition : Updated/Remodeled
Number Of Buildings: 2
Road Frontage: Access Road
Parcel Identification Number: 5239019042
Cooling: Has Cooling
Heating: Has Heating
Heating Type: Propane
Cooling Type: Central Air
Roof Type: Synthetic,Tar/Gravel
Year Built Source: Public Records
Fireplace Features : None
Common Walls: 2+ Common Walls
Appliances: Convection Oven,Dishwasher,Gas Oven,Gas Range,Refrigerator
Laundry Features: Community,Dryer Included,Washer Included
Laundry: Has Laundry
Zoning: LCR4YY
MLSAreaMajor: 699 - Not Defined
PROPERTY DETAILS
Street Address: 1006 S Record Avenue
City: Los Angeles
State: California
Postal Code: 90023
County: Los Angeles
MLS Number: OC24051871
Year Built: 1990
Courtesy of Benjamin Frank Venti Realty
City: Los Angeles
State: California
Postal Code: 90023
County: Los Angeles
MLS Number: OC24051871
Year Built: 1990
Courtesy of Benjamin Frank Venti Realty
Courtesy of The Beverly Hills Estates
