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Key Details
Sold Price $765,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV14004167
Sold Date 03/19/14
HOA Y/N No
Year Built 1989
Tax Year 2012
Lot Size 5,009 Sqft
Property Description
We are pleased to exclusively offer for sale this meticulously maintained 5 unit multi-family property built 1989 (no-rent control) in the highly desirable rental community of El Sereno (Alhambra adjacent). The subject property consists of five 2-bedroom & 1-bathroom units. The unit interiors have many upgrades such as granite countertops, new fixtures, new cabinets, as well as new tile/wood flooring (some units). The exterior has recently been painted and the walkway repaved. Tenants enjoy 10 onsite tandem parking spaces that are located at the rear of the building, an onsite laundry room with brand new coin operated machines, as well as internet access for all units and internet based surveillance cameras. The subject property is currently 100% occupied and offers a substantial 7.8% cash-on-cash return. Please contact listing agent for a full marketing package outlining income and expense information. DO NOT WALK ON THE PROPERTY NOR APPROACH THE TENANTS FOR ANY REASON.
Location
State CA
County Los Angeles
Area 621 - El Sereno
Interior
Fireplace No
Exterior
Garage Assigned
Pool None
Community Features Curbs, Sidewalks
Utilities Available Sewer Available
Parking Type Assigned
Total Parking Spaces 10
Private Pool No
Building
Lot Description 2-5 Units/Acre
Water Public
Others
Tax ID 5217020033
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with KRISTOPHER GERMAN • RE/MAX 2000
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692