$725,000
$719,999
0.7%For more information regarding the value of a property, please contact us for a free consultation.
144.47 Acres Lot
SOLD DATE : 01/17/2023
Key Details
Sold Price $725,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22239661
Sold Date 01/17/23
Construction Status Additions/Alterations,Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1953
Lot Size 144.467 Acres
Property Description
Rare Investment Opportunity in Strong Rental Market of East Los Angeles. Corner Lot, End Of Street Location, Separate Meters (Electric and Gas) For All Three Units, Plus No Homes On Either Side Of The Property. Unit Mix: (3 Total) 1 Bedroom 1 Bathroom Units With Front and Rear Entrances and Ideal Floor Plans. (1 Total) 1 Bedroom 1 Bathroom Conversion in Rear. Fully Renovated Middle Unit (Currently Vacant) With: New Flooring, New Paint, New Granite Countertops, New Bathtub Shower Combo and New Fixtures, New Vanity, New Toilet, New Fans, and Newer Water Heater inside! ADU Potential with Garage in Rear Building. Possible Coin Laundry For Additional Income On Side of Rear Unit or Inside Vacant Garage. Property Features a "40 Year Roof" on Triplex, Granite Counter Tops in 2 Kitchens, and Full Copper Plumbing Up to Main Line. Fully Gated and Secured Property with Enclosed Back and Side Yards. Ample Parking with 4 Dedicated Parking Spaces in Front for Each Unit, Side Parking, Rear Garage, and Has Open Off-Street Parking Available. Cash Cow Rental Producing $4150 Average Per Month With Pro Forma of $6000 Per Month (not including converting rear garage into income or coin laundry). CONTACT NOW TO ATTEND SHOWING OF ENTIRE PROPERTY!
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCR3YY
Rooms
Other Rooms Second Garage, Guest House Detached
Interior
Interior Features Ceiling Fan(s), Granite Counters, Open Floorplan, Storage, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Free-Standing Range, Gas Range, Range Hood
Laundry Common Area, Washer Hookup, Electric Dryer Hookup, Outside
Exterior
Parking Features Attached Carport, Assigned, Carport, Driveway Level, Door-Single, Garage, Paved, Private, Garage Faces Rear
Garage Spaces 1.0
Carport Spaces 4
Garage Description 1.0
Fence Average Condition, Barbed Wire, Chain Link, Wood, Wrought Iron
Pool None
Community Features Curbs, Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Shingle
Accessibility No Stairs
Total Parking Spaces 10
Private Pool No
Building
Lot Description Corner Lot, Level, Near Public Transit, Paved, Street Level
Story 1
Entry Level One
Foundation Concrete Perimeter, Raised
Sewer Public Sewer
Water Public
Architectural Style Custom
Level or Stories One
Additional Building Second Garage, Guest House Detached
New Construction No
Construction Status Additions/Alterations,Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 5248005036
Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Submit, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Submit, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Sonia Amen • Remax Cerritos