Cindy Russo

Global Real Estate Advisor | License ID: 02062752

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$ 725,000

$ 679,000 6.8%

Est. payment -/mo

Sold on 05/02/2025

701 Leonard AVE Los Angeles, CA 90022

UPDATED:

Key Details

Sold Price $725,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID P1-21394

Sold Date 05/02/25

HOA Y/N No

Year Built 1931

Property Sub-Type Triplex

Property Description

Exciting Investment Opportunity in East Los Angeles! Unlock the full potential of this cozy triplex, a true diamond in the rough, consisting of a single-family house and a duplex. This is an amazing opportunity for investors or buyers seeking to add their personal touch and maximize returns. Whether you're looking to live in one unit and rent out the other two, or lease all three units, the possibilities are there. The single-family house is a charming 3-bedroom, 1-bath bungalow, featuring a quaint front yard, a detached one-car garage, and additional parking for up to three more vehicles. The units in the duplex units are each 1 bedroom and 1 bath, with their own front yards, garages, and additional parking. One of the duplex units has recently been refreshed with fresh paint and new flooring, adding instant value. Situated in a prime East L.A. location, this property is just minutes away from Whittier Blvd, schools, shops, restaurants, and entertainment, ensuring high demand from potential tenants or future buyers.This is a great find with income potential and the perfect canvas for your next project. Come see it for yourself and imagine the possibilities!

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCR305

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Parking Features Concrete, Covered, Driveway, Garage, Shared Driveway, Side By Side

Garage Spaces 3.0

Garage Description 3.0

Fence Chain Link

Pool None

Community Features Curbs

View Y/N No

View None

Roof Type Composition,Spanish Tile

Accessibility Parking

Total Parking Spaces 8

Private Pool No

Building

Lot Description Corner Lot, Sprinklers None

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Spanish

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6342033030

Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Window Bars

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash

Special Listing Condition Standard, Trust

Listed by Leonard Diaz Berkshire Hathaway HomeServices California Properties
Bought with Hector Orozco Equity Smart Real Estate Services

Cindy Russo

Global Real Estate Advisor | License ID: 02062752

+1(908) 797-8066

GET MORE INFORMATION