3329 Merced St. a five unit apartment property located on a quiet residential street in the Cypress Park Neighborhood of Los Angeles. This property has five 1B + 1B units all on one level in three separate structures, four cottages and house in the back. Each unit has its own water heater is individualy metered for gas and electricity. Each cottage has main enterence and a service enterence where there is a room for washer and dryer. The property was built in 1921 and is impeccibly maintained by the current owners.
Cypress Park is located just north of downtown Los Angeles at the intersection of the 5 and 110 freeways. Cypress Park is directly adjacent to Elysian Park (home to Dodger Stadium) and the desirable residential neighborhood of Mount Washington.
Duplex Investment. Two 2 bedroom units and 1 bath, back unit has additional bonus room. Well-kept units overall, although some light work might be needed to spruce it up. Back unit has convenient driveway access. Property is sold with tenants, submit offers subject to inspection. Great investment, with steady income.