USACALos Angeles1926 Johnston St
1926 Johnston St, Condo with 0 bedrooms, 0 bathrooms and 6 parking in Los Angeles CA | Image 1
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$1,389,000

1926 Johnston St, Los Angeles, CA

Condo

For Sale

$--,---,---
006
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
Maintenance Fees 
Taxes 
Days Active 0
Approx. Age 1980
MLS® Number WS25165151

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

First time on the market property! Priced only at $335 per sq ft and $270, 000 per unit with no RSO. This five-unit building consists of eleven beds and five baths in Lincoln Heights neighborhood, totalling 4, 032 sq ft. Great location next to Chinatown, Art District, and many freeways (110 fwy, 5 fwy, 2 fwy, 101 fwy). There is a mix of four 2-bed 1-bath units and one 3-bed 2-bath unit. Two units have been completely renovated with new electric, plumbing, and cooling units, with new kitchens and bathrooms. The building was just painted for curb appeal. There are upside rents with three of the under-market units. Since the building was built in 1980, it is not under RSO, so rents can be caught up to market sooner. The property is on a large lot of 7789 square feet with RD-1 zoning. This allows for additional development opportunities in the future. Based on zoning, owners can add up to 4 more units on existing (but please verify with the city). Another cheaper alternative is adding an ADU by utilizing the six parking spaces under the building. The property is close to many new restaurants in Chinatown, Los Angeles State Historical Park, Dodger Stadium, San Antonio Winery, Elysium Park, Keck USC Hospital, and many other attractions, making it a great investment opportunity for owners seeking rental income and stability. Interior showings contingent on offers. Do not disturb tenants. Full occupied.Show Description
MLS® NumberWS25165151
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelNone
Exposure
Exterior
GarageYes
Approx. Age1980
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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