Active

1006 S Record AVE

LOS ANGELES CA, 90023

$3,500,000


$357.22 per sqft

Active

8 Beds

9,798 sqft

Condo

Built in 1990

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.

OC24051871MR

MLS ID

March 14, 2024

Listed

April 5, 2024

Updated

Map

1006 S Record AVE
LOS ANGELES CA, 90023

Interior Features

Total Stories

2


Bedrooms

8 Beds


Appliances

Community, Dishwasher, Dryer, Dryer Included, Refrigerator, Washer, Washer Included


Laundry Description

Community, Dryer, Dryer Included, Washer, Washer Included


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Propane Gas

Exterior/Building Features

Lot Size

0.2 Acres


Roof

Synthetic, Tar and Gravel


Sewer

Unknown

Other Property Details

Area Name

East LA


Days on Market

8


Garage

No


Parking Total

0


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LCR4YY

Listed by Peter Vallier with Benjamin Frank Venti Realty
Listing Contact: 949-280-5931 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor OMNI Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/5/2024

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