$2,600,000
$2,699,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/23/2018
Key Details
Sold Price $2,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW18028306
Sold Date 07/23/18
HOA Y/N No
Year Built 1924
Property Description
The offering comprises seven duplexes with all one-bedroom units, a three-bedroom single-family home, and a retail store on a large 21,317-square foot lot. This property is subject to rent control. 315 West Opp Street is securely gated and boasts attractive landscaping, two large shared yards, on-site laundry, and additional storage spaces. Recent substantial capital expenditures include copper plumbing, new electrical, security doors, aluminum windows, new drain lines, tile bathrooms, granite in some units, wall heaters, and individual water heaters.
With current rents approximately 32 percent below market, 315 West Opp Street presents the opportunity for an astute investor to acquire a well-maintained asset and capture substantial potential upside in rents.
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LARD2
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Urban
Total Parking Spaces 7
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7420024025
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Steven Bogoyevac • Steven M. Bogoyevac, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "