$905,000
$900,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/18/2022
Key Details
Sold Price $905,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22037062
Sold Date 04/18/22
HOA Y/N No
Year Built 1925
Property Description
Rare bungalow style fourplex for sale in Los Angeles! This property has been professionally managed and well maintained for over a decade. The property features very solid in-place rents, but still offers approximately 17% rent upside. At over a 5% cap rate going in, this asset is a great opportunity for the cash flow minded buyer. The property features 9,300 SF of land and ample parking, with space for 8 cars behind a secure gate. An additional benefit is the potential for ADU's in the rear of the property. Buyer to verify ADU opportunities with the City of LA.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR3
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 2-5 Units/Acre, Garden, Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6032023003
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Jay Lerer RE/MAX ESTATE PROPERTIES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "