1278 Clela Avenue, East Los Angeles, CA 90022
- $1,095,000
- Sold Price
- $1,095,000
- List Price
- $1,180,000
- Closing Date
- Sep 08, 2025
- Status
- CLOSED
- MLS#
- CV24142681
- Year Built
- 1954
- Lot Size
- 6,176
- Acres
- 0.14
- Lot Location
- Lawn, Street Level
- Days on Market
- 289
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
Property Description
Current rent increase is October 2025.Get in now! Please read up on the city of Los Angeles landlord benefits. New owner may submit application to Los Angeles housing ordinance to request rent increase based on any property improvements!! This is great for anyone doing the math on the current rent and how to increase your market value!!agents to do their due diligence and verify all information stated. New roof! New exterior paint! GREAT OPPORTUNITY FOR YOU! BRING US AN OFFER!!! Great area and a Great investment! PARKING IS NOT AN ISSUE WITH THIS PROPERTY. Fourplex property. FOURPLEX 6176 Sq Ft lot, according to public records. Imagine building above the garages. Check with city of this is possible.... Property is very close to Whittier and Montebello. Conveniently located in a desirable area of East LA, near shopping centers, schools, restaurants and access to freeways are just minutes away! This is a fantastic investment opportunity, each unit featuring 2 bedrooms and one-bath, good size living area and good size kitchen with community laundry next to covered car ports in rear area. The community laundry room can easily be changed to digital operated machines to supplement your income, check if this is possible. The framed carport is for four cars, looks like you can easily add garage doors to. This is a very well-maintained property with original wood flooring in two units, tile flooring in one and carpet in the other. One unit has indoor laundry area. Seller installed brand new roof on building and carport/garage area, exterior paint, all but one retrofit repair has been done all in May of 2025. These are big ticket items that you will not have to worry about. Home inspection and termite report available for your review. Fully transparent reports to share with your buyer. Highly desired area with pride of ownership and very tidy tenants. Property is Los Angeles County ordinance not City of Los Angeles, call 833-223-7368 to discuss rent stabilization. All units are alike in floor plan. Please review the pictures and read showing instructions. Thank you for your interest. Let’s open escrow!!!!!!!!!!
/u.realgeeks.media/jeremysifuentes/header.png)
Additional Information
- Pool Description
- None
- Cooling Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $76,800
- Operating Expense
- 7320
Listing courtesy of Listing Agent: Dolores Bueno (montoya4re@aol.com) from Listing Office: DOLORES VARGAS BUENO, BROKER.
Listing sold by Ricardo Arias from IET Real Estate
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.