$2,200,000
$2,300,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
6,599 Sqft Lot
SOLD DATE : 12/16/2022
Key Details
Sold Price $2,200,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR22231073
Sold Date 12/16/22
HOA Y/N No
Year Built 1930
Lot Size 6,599 Sqft
Property Description
We are pleased to present the great opportunity to invest in a value add 10-unit Spanish style building. Owner will carry financing at 4.5%! The building is offered at a current cap rate of 4.8 and GRM of 13.99. The building consists of one 2 bedroom/1 bath and nine 1 bedroom/1 bath units. Six of the units have been updated. All units include in-unit washer/dryer hookups and there are eight separate garages. The property is separately metered for gas and electricity and upon tenant turnover, a buyer can utilize RUBs to allocate the cost of the water to the tenants. Located in the Unincorporated area of LA, the property is not subject to City of LA rent control. Accessible to the 5, 60, & 710 freeways and approximately 5 minutes from Citadel Outlets and Commerce Casino.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCR4YY
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6340012012
Energy Description 390.87
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Seller Financing
Special Listing Condition Standard
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Bought with Brice Head • Marcus & Millichap