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Marketing Description
This 3-unit multifamily property at 11143 Van Buren Ave in Los Angeles offers a strong income-producing investment opportunity. The property consists of three 2-bedroom, 1-bathroom units, each measuring 812 square feet. Built in 1921 and zoned LC R3-20U, the property is 100% occupied with Section 8 tenants, providing reliable government-backed rental income. The property is eligible for both residential and commercial financing options.
Investment Highlights
- Reliable Government-Backed Income - All units are leased through Section 8, providing consistent rent payments and reduced vacancy exposure.
- Desirable Unit Mix - Three spacious 2-bedroom units - strong demand in the South LA rental market.
- Value-Add Opportunity - Future rent increases may provide immediate upside at next adjustment period.
- Future Development Potential - Zoned LC R3-20U allowing for higher density residential. Potential to add ADUs or pursue future redevelopment (buyer to verify).
- Central Location - Convenient access to major freeways, schools, retail, and public transportation corridors.
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