One Fully Remodeled House plus Two Additional Units in South Los Angeles

The Colombo Group at LyonStahl is pleased to present 2250 E 103rd Street in Los Angeles, California. This 3-unit property features a newly renovated 4-bedroom & 2-bathroom house, which is ready to be occupied by an owner-user or rented to a tenant (pro-forma $3,250). The rest of the property consists of two freestanding buildings, one being a studio and the other a 1-bedroom & 1-bathroom unit; both currently rented and generating income. This property also features privacy for the main house occupants and plenty of secured parking for all the tenants. The property is located on the corner of E 103rd Street and Kalmia Street, just across the “Redevelopment DBIA Award Winning” Jordan High School and blocks away from Weigand Avenue Elementary School. This property sits in the midst of the “Watts Corridor Masterplan”, a revitalization and redevelopment project called Watts Re:Imagined. Led by Grant Housing & Economic Development Corp and the Natural Resources Defense Council's Urban Solutions program, with other partnerships including local organizations, agencies, and businesses, the project is planning to transform 103rd Street into a community-gathering place with mixed-use buildings, transit-oriented development, sustainable architecture, and plenty of green alleys and shade trees. The offering represents a compelling buying opportunity to acquire a well-maintained property with strong in-place cash flow in an area of Los Angeles that promises a revitalized future.