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Key Details
Sold Price $3,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 18411652
Sold Date 02/01/19
HOA Y/N No
Year Built 1986
Lot Size 0.728 Acres
Property Description
13933 Los Angeles Street is a non-rent controlled, fourteen (14) unit apartment complex located in Baldwin Park. The investment offers the opportunity to renovate all units and recover the loss-to-lease created by long-term self-managed ownership. There is approximately 44% upside in rents with current rents averaging $1,239. All units are two-bedroom one-bath town-home style units with individual water heaters and laundry hook-ups. The property has very low utility expenses with each unit paying their own water, electricity, and gas. Annual utility expenses are approximately $1,200. Each unit will also come with a private garage and ample open parking for additional cars.
Location
State CA
County Los Angeles
Area 608 - Baldwin Pk/Irwindale
Zoning BPR3*
Interior
Heating Forced Air
Fireplace No
Exterior
Total Parking Spaces 23
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 8542019010
Special Listing Condition Standard
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Bought with Shant Sherbetdjian • Remax Commercial and Investment Realty
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692