Pending Multi-Family MLS# 26989351

301 N McDonnell Avenue

Los Angeles, CA 90022

$629,000

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About 301 N McDonnell Avenue

We are pleased to present 301 N McDonnell Ave, a fully occupied 2-unit property in East Los Angeles offering an attractive combination of rental upside, abundant parking, and future development potential. THE PROPERTY WILL BE SOLD WITH ALL TENANTS IN PLACE. The proper ty consists of two detached, single-story residences totaling approximately 1,505 square feet of rentable living area, situated on a substantial 7,011-square-foot corner lot zoned LCR2. The unit mix includes one 2-bedroom/1-bathroom unit and one 1-bedroom/1-bathroom unit, both currently occupied. A detached 2-car garage, along with approximately 5 additional uncovered tandem parking spaces, provides an exceptional amount of parking for the property. Current rents of fer significant upside, providing an investor with an opportunity to increase cash flow through future rental adjustments and strategic repositioning. Residents benefit from convenient access to a variety of retail, dining, and neighborhood amenities, including Steven's Steak & Seafood House, Ruby's Diner, Starbucks, Il Saggio Italian Restaurant, Tamayo Restaurant & Art Gallery, Mi Pueblo Salvadoran Restaurant, Birrieria Gonzalez, El Gallo Giro, and Tacos Baja. The property is also located near Whittier Boulevard, the primary commercial corridor serving East Los Angeles and a longstanding destination for shopping, dining, services, and local culture. With its sizable corner lot, two detached residences, abundant parking, and substantial rental upside, 301 N McDonnell Ave presents an attractive opportunity for investors seeking a well-located East Los Angeles duplex with immediate income-growth potential and long-term optionality. Contact the listing broker for additional information.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Pending
Year built
1930
Stories
1
Living area
1,505 sqft
Price / sqft
$418
Lot
0.161
Original price
$629,000
MLS #
26989351

Interior

Heating
Wall Furnace

Exterior & lot

Features
Parking spaces: 5
Construction
1
Lot
LCR2*
Parking
Driveway, Garage, Tandem

Schools

District
Los Angeles Unified School District

Financial

Parcel
5235006014
Special conditions
Standard

Location

Area
ELA - East Los Angeles
County
Los Angeles
Directions
Google Maps: 301 N McDonnell Ave Los Angeles CA 90022

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Listed by Casey Lins, Kidder Mathews of California, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.