2620 Manitou Ave, Los Angeles, CA 90031

Back on market. Buyer got cold feet due to Covid-19. Sellers are now even more motivated than before so have now reduced the price by $100,000. This is a very nicely renovated four-plex with plans almost fully approved for two new large units. You have several options with this one: a) buy it as an owner user, live in one of the two bed units virtually rent free, with the other units almost covering the mortgage.b) buy it as what it is - a four-plex that will yield about $2000/mo cash flow without you doing any 'value add,' or c) execute the plans for the two 3/2 1450 sq ft units in the back of the property, and end up with $5K/mo in cash flow. Tenants have all been there for several years and, importantly, are all still paying their rent during Covid 19. Plenty of parking, plenty of yard, street-to-alley lot with access from either side; very nice location. Come and get it!