Los Angeles, CA 90016,2531 Hillcrest DR

$895,000

$899,000

0.4%
Est.Price: ?

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Est. payment /mo

6,229 Sqft Lot


SOLD DATE : 04/15/2016

Key Details

Sold Price $895,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR15241982

Sold Date 04/15/16

HOA Y/N No

Year Built 1925

Lot Size 6,229 Sqft

Property Description

Beautiful Units with great return $73,536 Annual Income and only $12,572 Annual expense. Two units are fully remodeled in 2015 and Jan 2016 while the other units are in great condition. Current owner have taken care of all the repairs so your cost of expense is low. There are 6 one bedroom and one bath and one Bachelor. In addition, a remodeled garage is being rented out as well (2 garages total).

Brand new roofs and much work has been done done to the units such as new electrical, stucco repairs, newly paint, remodeled units...

Owner hates to give this investment up but he needs the finances for another purchase. THIS IS A GREAT OPPORTUNITY TO OWN A MULTI FAMILY COMPLEX IN A UPCOMING AREA WITH GREAT TENANTS AND RENTROLL! IT WON'T LAST, SO SUBMIT YOUR OFFER TODAY!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Cooling Central Air

Fireplace No

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Urban

Utilities Available Sewer Available, Water Connected

Roof Type Tile

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story One

Entry Level One

Water Public

Level or Stories One

Others

Tax ID 5057005017

Acceptable Financing Cash, Conventional, Fannie Mae, Freddie Mac, Owner May Carry, Submit

Listing Terms Cash, Conventional, Fannie Mae, Freddie Mac, Owner May Carry, Submit

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Mazdak Sarehkhani • Mazdak Sarehkhani
Bought with Andrew Watkins • Watkins Real Estate Group
agent-avatar

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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