Just come on the market. Offered at $380.000.
4369 O Neill St Los Angeles, CA 90032
This is one of these properties that you may not necessarily be thrilled to move into but will bring you big bucks in a near future. In my opinion El Sereno is next (2015-2016) hot spot. I’ve been watching it for 3 years now and the appreciation you see here greatly surpasses any other areas of this kind. Mark my words. El Sereno will be the new Mount Washington or Highland Park.
If you’d go for FHA loan, your mortgage payment would be around $2500 monthly.
Investor deal with 20% down would have a monthly payment under $2000.
Potential income here is $3500+ and I don’t see a reason why El Sereno wouldn’t have two digit appreciation next year.
Contact me if you’d like to see this or similar properties for sale in Los Angeles.