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721 School Ave
East Los Angeles, CA 90022

Price Upon Request

Apartments For Sale  •  2,260 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,260 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1941
  • Zoning LCR305
56 Transit Score
84 Walk Score

Highlights

Nearly 70% Upside in Rents
Investment Value: Low Basis at $133,333 Per Unit
ADU Potential: (4) Garages with ADU Conversion Potential
Commuting Convenience: Easy Access to Freeways and Public Transportation
Unit Mix: Two (2) 1-Bedroom & Four (4) Studio Units

Financial Summary (Actual)

Net Operating Income: $43,649 USD (2024)
Total Expenses: $22,736 USD

Public Transportation

Commuter RailDriveWalkDistance
Montebello/Commerce (Riverside Line - Southern California Regional Rail Authority (Metrolink)) 4 min - 1.6 mi
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.3 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 30 min - 18.0 mi
Bob Hope 33 min - 23.4 mi
Los Angeles International 35 min - 24.1 mi