$913,000
$925,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
1,002 SqFt
SOLD DATE : 02/25/2022
Key Details
Sold Price $913,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,002 sqft
Price per Sqft $911
MLS Listing ID DW22002760
Sold Date 02/25/22
HOA Y/N No
Year Built 1948
Lot Size 2,787 Sqft
Acres 0.064
Property Description
CASH COW!!! $66,000 Gross Rents, ($52,104 NOI) and 5.63 CAP in Atwater Village!! HIGH RENTAL DEMAND AREA!! Newly remodeled units (top and bottom) with that beautiful farmhouse motif. Yard is big enough for a potential ADU addition. Each unit is 2 beds and 1 bath (approx 550 sq ft each) with an open floor plan (Title shows 1 Bed+1 Bath each). Upstairs tenant has been there for years and is current on rent ($2,550). Lower unit was being used by owner and will be delivered vacant upon purchase (can be rented for up to $3,000/mo). Upstairs has an exclusive patio and lower unit has its own dedicated patio. This property is minutes from the local eateries and shopping of Silver Lake, DTLA, Glendale and Glassel Park. Hikers, we are also minutes from Griffith Park: Area Walk score is 80 VERY Walkable. Convenient washer & dryer located near the downstairs patio and storage located in the back of the property. Great ROI as a rental.
Location
State CA
County Los Angeles
Area 606 - Atwater
Zoning LAR1
Rooms
Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Laundry Room, Outside
Interior
Laundry Location Washer Hookup,Electric Dryer Hookup,Laundry Room,Outside
Heating Electric
Cooling Electric
Fireplace No
Appliance Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Laundry Room, Outside
Exterior
Pool None
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5437021020
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Mark Velasco • Sharpstone Realty, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "