732 S Ferris Ave East Los Angeles, CA 90022
8
Beds
6
Baths
3,788
Sq Ft
10,630
Sq Ft Lot
Highlights
- 0.24 Acre Lot
- Laundry Room
- 1-Story Property
- James A. Garfield Senior High School Rated A
About This Home
As of February 2025Welcome to this Amazing opportunity to own a Great Producing 8 Unit Commercial Property located in the Heart of East Los Angeles that is generating great rental income already but has a ton of more potential room for growth. This property consist of 7 units 1 Bedroom 1 Bathroom and 1 Unit 3 Bedroom and 1 Bathroom. The property was just freshly painted on the exterior, a new roof was put in recently, and property has been well maintained. This property has its own laundry room with coin operated machines for tenants use and will generate extra income for you. Property is located on the County Side where water bill is cheaper and has a low cost to maintain the property. The property is located in a highly desirable area of East Los Angeles located steps away from the famous Whittier corridor and close to many shopping stores and major freeways 5, 710, and 60 FWYS. Due to it's location vacancies are a thing of the past when a property comes up for rent there's a line of tenants looking to rent. You wont want to miss this opportunity perfect for a 1031 Exchange or any one looking to tap into Commercial Real Estate. See you in Escrow :).
Last Agent to Sell the Property
CENTURY 21 REALTY MASTERS Brokerage Phone: 323-695-1868 License #02054714 Listed on: 07/16/2024
Last Buyer's Agent
CENTURY 21 REALTY MASTERS Brokerage Phone: 323-695-1868 License #02054714 Listed on: 07/16/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Lot Details
- 10,630 Sq Ft Lot
- Two or More Common Walls
Home Design
- Property Attached
Interior Spaces
- 3,788 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 4 / 4
- Tax Tract Number 4074
- Assessor Parcel Number 5240007007
- $4,273 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 8 Units
Building Details
- 8 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $420
- Gardener Expense $1,800
- Water Sewer Expense $4,200
- Operating Expense $6,420
- Gross Income $133,212
- Net Operating Income $126,792
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/11/2025 02/11/25 | Sold | $1,325,000 | -3.6% | $350 / Sq Ft |
| 01/03/2025 01/03/25 | Price Changed | $1,375,000 | -1.7% | $363 / Sq Ft |
| 10/29/2024 10/29/24 | Price Changed | $1,399,000 | -3.5% | $369 / Sq Ft |
| 10/23/2024 10/23/24 | Price Changed | $1,450,000 | -6.5% | $383 / Sq Ft |
| 09/12/2024 09/12/24 | Price Changed | $1,550,000 | -6.1% | $409 / Sq Ft |
| 07/16/2024 07/16/24 | For Sale | $1,650,000 | -- | $436 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Edwin Blanco
E
Seller's Agent in 2025
Edwin Blanco
CENTURY 21 REALTY MASTERS
(562) 806-1000
2 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MB24142034
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