$795,000
$750,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
0.45 Acres Lot
SOLD DATE : 02/13/2014
Key Details
Sold Price $795,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB13238855
Sold Date 02/13/14
HOA Y/N No
Year Built 1957
Tax Year 2012
Lot Size 0.450 Acres
Property Description
This 6 unit investment property consists of four separate, free standing buildings & includes a great unit mix of 3: (1+1) units, 1 Studio, 1: (2+1) unit and a very large (3+1.75) Owners Unit! This property is conveniently located near the 405 and 105 FWY's. The building sits on a VERY large 20,164 Sqft lot and was built in 1957.
With approximately 4,406 RSF, This is a perfect Value-Add deal for a savvy investor or owner user. The property is not subject to rent control and the rents are currently below market. A new owner can raise the rents and lock in historically low financing to generate a substantial cash-on-cash return. This investment will not last long.
Location
State CA
County Los Angeles
Area 105 - Lennox
Interior
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story One
Entry Level One
Sewer Unknown
Water Public
Level or Stories One
Others
Tax ID 4035014011
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with J.Woody Stahl • Keller Williams Beach Cities
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "