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Key Details
Sold Price $1,580,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 4,100 sqft
Price per Sqft $385
MLS Listing ID CV-24154695
Style Traditional
Year Built 1954
Lot Size 0.325 Acres
Property Description
It's here... Your Multi-unit Investment Opportunity awaits!! We have a 4,100 sq ft quadruplex available on a decent sized 14,160 sq ft lot in desired Monterey Park! Addresses included in sale on this property are: 533, 535, 537 and 539 Elizabeth Avenue. The units consist of (1) 3 bedroom / 1 bath larger 2 story unit and (3) 2 bedroom / 1 bath smaller 1 story units. Each unit has been individually maintained over the years and have their own individual private backyards. Additionally, some of the units have been upgraded with granite counter tops, wood floors, cabinets, pavers, etc... All units are currently rented on month to month leases with rents below average rental prices for the area so this features great upside potential. Each unit has 1 spot inside the 2 double garages (total of 4 spots) plus additional driveway & street parking as well. Whether you're a seasoned investor looking to diversify your portfolio, or someone new to real estate investment, this property is waiting for you. This property is close to Downtown LA, shopping, restaurants, parks, schools, public transportation and freeways! DRIVE BY ONLY!! DO NOT DISTURB TENANTS!
Location
State CA
County Los Angeles
Zoning MPR2YY
Interior
Heating Space Heater, Wall Furnace, See Remarks
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Tile, Wood, See Remarks
Fireplaces Type Family Room
Laundry In Kitchen
Exterior
Parking Features Garage - Three Door, Garage - Two Door, Garage Faces Front, Paved, Built-In Storage, Driveway
Garage Spaces 4.0
Pool None
Community Features Curbs, Sidewalks, Street Lights
Utilities Available Sewer Connected, Water Connected, See Remarks, Electricity Connected, Natural Gas Connected
View None, See Remarks
Building
Lot Description Front Yard, Landscaped, Level, Lot 10000-19999 Sqft, Rectangular Lot, Yard, 2-5 Units/Acre, Back Yard
Sewer Public Sewer
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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