3 units and Restaurant Lincoln Heights - Price: $399,000

Overview

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Price:$399,000
Square ft:2619
Beds:5+
Baths:4+

Description

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3600 N. Broadway. Great opportunity for owner user or investor. 3 units and restaurant with good cash flow. C4 zoning/mixed use will require min 35% down.  Owner selling "as is". Pro forma Gross scheduled income $50,376 with more upside potential.  Property currently has notice and order of abatement filed by LA Housing Dept. indicating substandard/non-permitted addition to second floor above one unit.  Low list price is result of the noted condition.  Buyer can get a great deal and return property to proper code or purchase for land value and erect a bigger/better structure.  Buyer to ascertain for himself any future building/permit/zoning resrtictions.  Drive by only. Do not disturb tenants or owner. No sign on property. Occupants unawaare of sale. Broker /agent Michael Hegedus dre # 00912255.  818-786-4024

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