$1,300,000
$1,550,000
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8,999 Sqft Lot
SOLD DATE : 06/21/2019
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR18243220
Sold Date 06/21/19
HOA Y/N No
Year Built 1950
Lot Size 8,999 Sqft
Property Description
Court ordered sale of this - Low maintenance building with concrete parking lot and wrought iron security gates. Price slashed to rock bottom. Good upside opportunity for savvy investor who can install separate gas meters. Landlord pays natural gas for all units averaging $2,500/year. Long term tenants with short term leases.
12 Low maintenance units in secured building with positive upside potential. Recently updated with AC units & roof. Walking distance to Mercado Vallarta, Only 2 blocks from LAPD Foothill Division. Easy access to public transit and only 5-minute drive to Interstates 210 & 5 and 118 Fwy. Close to Hansen Dam Recreation Center (Golf & Equestrian Trails) & Roger Jessup public park.
Zoning Information [Q]C2-1VL-CUGU per L.A. City ZIMAS. General Plan Land Use Limited Manufacturing located in LOS ANGELES STATE ENTERPRISE ZONE Pacoima Enterprise Zone Near Whiteman Airport area – LA County and FAA Notification
Location
State CA
County Los Angeles
Area Pac - Pacoima
Zoning LAC2
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Sidewalks, Gated
Total Parking Spaces 12
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2537012024
Security Features Gated Community
Energy Description 2500.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Mel Wilson • Mel Wilson & Associates
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "