$895,000
$899,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Andrew Watkins • Watkins Real Estate Group
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