Description​​​

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3751Locke Ave is an ideal "value-add" investment that offers a savvy Buyer the opportunity to add value in various ways; through increasing rents annually, adding an ADU, and/or increasing rents. The property features an 832 SF front house with 2 Br + 1 Ba and its own entrance & front yard with fruit trees- which may be delivered vacant. The rear structure has all 2Br + 1.5 Ba apartments of townhouse-style that are 960 SF. Additionally, one unit (unit #2) is currently vacant and underwent extensive remodeling that includes: new flooring, new appliances, new kitchen cabinets, new windows, and remodeled bathrooms. Other recent upgrades include a re-paved driveway + parking area and new paint on both exterior buildings. This area is currently experiencing popularity due to its affordability and proximity to expensive submarkets. 

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Location

Located in El Sereno near Montecito Heights and Cypress Park. Nearby points of interest include; Ela Park, King Taco, Elephant Hill, Target, Costco, Cal State LA, El Sereno Park The Heights Deli + Bottle Shop, Smart & Final, Lincoln Heights Library, and Lincoln Heights Recreation Center. Dodger Stadium, Chinatown, Keck USC Medical Center, and LA State Historic Park are all within a 2.5-mile radius. 

Property Highlights

• Spacious 2 Story, 960 SF Apartments in Rear

• Opportunity for Two Vacant Units

  • Front House (may be delivered vacant)​

  • Unit #2 (currently vacant) 

• Large 7,500 SF Lot

  • Potential Room to Build an ADU (buyer to check)

  • Ample Parking Area & Repaved Driveway​

• Exterior Building are Freshly Repainted

• Open Patio Area Behind Building & Rear Apartments 

• Minimal Landscaping & Separate Meters 

• Front House in Good Condition with W/D Hookups

• Great opportunity for Owner-User or Investor!