Los Angeles, CA 90032 2460 N Eastern Avenue
$2,550,000
28 more
Presented By: RACHAEL NOL with KELLER WILLIAMS RIVERSIDE CENT; 951-848-5188
Beds • 28
Baths • 13
SQFT • 11,570
Year Built • 1964
Home Details
Investor’s Dream in Prime Location – Fully Occupied 14-Unit Multifamily Complex. Don’t miss this exceptional opportunity to own a 14-unit apartment complex about 15 minutes from Downtown Los Angeles! Situated on a generous 13,563 sq ft lot, this income-producing property offers immediate cash flow with 100% occupancy and strong rental upside. Each unit features 2 bedrooms and 1 bathroom, with separate electric and gas meters for tenant convenience and operational efficiency. The property includes 14 individual on-site parking spaces, a rare and valuable amenity in the area. Additional features include on-site owned laundry facilities and a dedicated storage room—both increasing tenant satisfaction and revenue potential. Four of the units have been fully remodeled, offering modern finishes and increasing market appeal. The property is ideally located near major freeways, public transportation, shops, restaurants, and schools—making it highly desirable for tenants. Whether you're expanding your portfolio or seeking a 1031 exchange opportunity, this property checks all the boxes for long-term value and immediate return.
Presented By: RACHAEL NOL with KELLER WILLIAMS RIVERSIDE CENT; 951-848-5188
Interior Features for 2460 N Eastern Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 2460 N Eastern Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.3
Carport Spaces6.0
Carport Y/NYes
CityLos Angeles
Community FeaturesStreetLights
Contingencynone
CountyLos Angeles
Current FinancingConventional
DirectionsCross Streets: N Eastern Ave & Klamath Place
Electric On Property Y/NNo
Entry Locationfront
Fuel Expense3749.0
Garage Spaces0.0
Garage Y/NNo
Gross Income223765.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense4286.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsSubmit
Lot Size Square Feet13563.0
Lot Size UnitsSquareFeet
MLS Area621 - El Sereno
MaintenanceExpense6100.0
MobileHomeRemainsYNNo
Net Operating Income161391.0
New ConstructionNo
Number Of Units Total14
Number of Units Leased14
Open Parking Spaces8.0
Operating Expense62374.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot1
Taxes$22,219
Tenant PaysElectricity, Gas
Trash Expense6988.0
UtilitiesElectricityAvailable, SewerAvailable, WaterAvailable
Water Sewer Expense16938.0
Year Built1964
Year Built SourceAssessor
ZoningLARD5
Exterior for 2460 N Eastern Avenue
Building Area Total11570.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.3114
Lot Size Area13563.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters14
Number of Separate Gas Meters14
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, OnSite
Private PoolNo
SpaNo
Total Parking14.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$2,550,000
MLS#IV25122754
List Date
06/03/2025
Property Type
Multi-Family
Phone
(562) 537-4182
