$650,000
$699,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
5,222 Sqft Lot
SOLD DATE : 04/19/2022
Key Details
Sold Price $650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR22003065
Sold Date 04/19/22
HOA Y/N No
Year Built 1929
Lot Size 5,222 Sqft
Property Description
This HIGHLY sought after 3 unit multi-family opportunity in East LA (LA County, not City) is now accepting offers. Seller has opened the door because Seller is consolidating their portfolio closer to where Seller resides, thus allowing more efficient management. This opportunity consists of 3 units, (one) 2bd/1ba unit and (two) 1bd/1ba units. The front building is 2 stories with the (two) 1bd/ba units and the rear single story structure is the 2bd/1ba unit. There are 2 parking spaces for each unit and room to create storage space, all of which can add additional income that is not rent control applicable. Property is located conveniently for easy access to the 5fwy and only 10 minutes to DTLA. Property is very close to Olympic Blvd for easy access to life necessities, nearby industrial centers and rail yards, thus making this location a prime spot for employment and economic activity. Overall, you can expect long term stability with many strong factors in place for peace of mind.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning R3
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Unknown
Water Other
New Construction No
Others
Senior Community No
Tax ID 5242009007
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with James Kuang • Standard Prosperity