For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $970,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB21152989
Sold Date 08/11/21
HOA Y/N No
Year Built 1953
Lot Size 10,018 Sqft
Property Description
Excellent investment opportunity with over 25% upside in rental income. Property is situated on a 10,002 Sq.Ft. lot and consists of a front 2-bedroom house and two 1-bedroom duplexes. Property is well maintained. Each unit features updated flooring, countertops, plenty of outdoor patio space, and garages making each unit feel like a home. Once stabilized, it would operate at a 6.89% CAP and 10.15 GRM.
Location
State CA
County Los Angeles
Area 124 - Harbor City
Zoning LARD1.5
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs, Street Lights, Sidewalks, Urban
Total Parking Spaces 5
Private Pool No
Building
Lot Description Walkstreet
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7411004033
Energy Description 900.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
GET MORE INFORMATION
Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692