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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-105
MLS Listing ID 319004617
Year Built 1947
Lot Size 6,747 Sqft
Property Description
Offered for sale is this amazing investment opportunity. All three units have been extensively updated with all necessary permits; which means, years and years of little to no maintenance. The entire property has not been occupied since remodel, allowing you to demand a super premium rental rate. Property has a potential of producing an excess of $8,000/mo in rental income with all units rented! Property consists of 3 separate units where the owner can live in one utilize the other two to generate income or rent all three units out! Front unit is 1,115 sqft consisting of 3bed 1.5 bath (central A/C) with it's own separate laundry area. Rear lower unit is 712 sqft consisting of 2 bed 1 bath (new wall unit A/C) and rear 2nd floor unit is 1,434 sqft consisting of 3 bed 2 bath (new wall unit A/C).Both rear units share a laundry area separate from the front unit. Renovations include: New dual pane windows, copper plumbing, new flooring throughout, new bathrooms (vanities, showers, tubs, tiles, etc...), new kitchen cabinets, new countertops, new stainless steel appliances, new electrical; plugs and switches, new LED recessed lighting throughout,4 car enclosed garage and much more. This turnkey property is very close to the beach, next door to Belmont Heights.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR3S
Interior
Cooling Central Air, Wall/Window Unit(s)
Flooring Vinyl, Wood
Fireplaces Type Living Room, See Remarks
Exterior
Parking Features Garage, Private
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Building
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Ruben Martinez • Fiduciary Real Estate Services
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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