$1,725,000
$1,750,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
0.27 Acres Lot
SOLD DATE : 10/28/2022
Key Details
Sold Price $1,725,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV22112885
Sold Date 10/28/22
HOA Y/N No
Year Built 1992
Lot Size 0.272 Acres
Property Description
Just Reduced! We are pleased to offer for sale this 7 unit Multi-Family investment in the highly sought after community of East Los Angeles. The subject property was originally constructed in 1992 and is comprised of 4(2bed/2bath) units, 2(2bed/1bath) units, and 1(1bed/1bath) unit. All units are separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy an onsite laundry facility, onsite car-port parking, and gated private entry. Current rental rates are 40%+/- below market rate and offer a new investor tremendous upside in potential income.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCR4*
Interior
Fireplace No
Laundry Common Area, Inside
Exterior
Carport Spaces 8
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 13
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5239018003
Energy Description 606.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with BENJAMIN LIN • RE/MAX 1000 REALTY