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Key Details
Sold Price $980,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,552 sqft
Price per Sqft $384
Subdivision Alamitos Beach
MLS Listing ID PW-24198055
Style Craftsman
Year Built 1919
Lot Size 6,541 Sqft
Property Description
Introducing 1201 Olive Avenue, a charming Craftsman property with four units, perfect for investors or those seeking multi-family living in a prime location. The front house is a beautifully remodeled Craftsman-style home, offering 3 bedrooms and 1 bath. It boasts a welcoming porch, a brand-new kitchen with modern cabinets, countertops, and flooring, plus a spacious bathroom. Laundry hookups are conveniently included. The middle unit is a detached 2-bedroom, 1-bath home, offering privacy and potential. At the rear of the property, you'll find two additional units. The downstairs unit is a cozy 1-bedroom, 1-bath with its own garage, while the upstairs unit features 2 bedrooms and 1 bath, perfect for additional rental income or extended family. This property is uniquely positioned with both a rear alley and a side alley that runs along the property, giving it the feel of a corner lot and adding flexibility for potential parking expansion. The large lot offers even more opportunity for future development or additional parking spaces. All units are individually sub-metered for gas and electric, making it easy to manage. While the property could use some TLC, it is priced to sell and has immense potential. Additionally, this property is located in an area eligible for the Ladder Up Home Loan Grant, offering up to $50,000 in grant credits for qualified owner-occupant buyers who meet eligibility requirements. This is a rare opportunity to secure a multi-unit property in a prime location with financial assistance available. Don't miss out on this exceptional investment!
Location
State CA
County Los Angeles
Zoning LBR4R
Interior
Flooring Vinyl
Laundry Inside
Exterior
Parking Features Assigned
Garage Spaces 1.0
Pool None
Community Features Curbs
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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