$850,000
$849,999
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2,592 SqFt
SOLD DATE : 11/18/2021
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,592 sqft
Price per Sqft $327
MLS Listing ID MB21192496
Sold Date 11/18/21
HOA Y/N No
Year Built 1951
Lot Size 6,211 Sqft
Acres 0.1426
Property Description
#4units on 1 Lot This #Fourplex Generates an Income of $5460 dollars per month in Rents! CAP RATE is Above 5.8% ! This dollar amount does not include the 3 % increase that is due on each unit. EXCELLENT OWNER OCCUPIED OR LONG TERM RENTAL INVESTMENT ! Property Features a 3bedroom 1bath at front and (3) 1bedroom 1 bath units with Onsite parking up to 4 cars accessed through alley. A spacious Court yard which is a "common area" separates the 2 rear units from the 3 bedroom and 1 bedroom at front . Unit #3 has New Copper Plumbing throughout, New laminate Flooring in living room and bedroom , vinyl water resistant flooring in kitchen and bathroom and New interior paint. Amenities include laundry hook ups in each unit, copper plumbing ,Parking at rear of units through alley Or for possible ADU ,shut off valve for each and making this property a stable cash flow for a Buyer looking to occupy 1 unit and rent the other 3! A skip and a hop from the #Portoflosangeles#longshoremanrentals
Location
State CA
County Los Angeles
Area 195 - West Wilmington
Zoning LARD1.5
Rooms
Ensuite Laundry Inside
Interior
Interior Features CeilingFans, AllBedroomsDown
Laundry Location Inside
Heating WallFurnace
Cooling WallWindowUnits
Flooring Laminate
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Concrete, Gated, OnSite, OffStreet, Paved, OneSpace, Uncovered
Fence AverageCondition
Pool None
Community Features Sidewalks
Roof Type Composition
Parking Type Concrete, Gated, OnSite, OffStreet, Paved, OneSpace, Uncovered
Private Pool No
Building
Lot Description NearPublicTransit
Story One
Entry Level One
Sewer PublicSewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7418004012
Acceptable Financing Submit
Listing Terms Submit
Financing Conventional
Special Listing Condition Standard
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Bought with John McCann • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "