$1,015,000
$1,050,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
7,840 Sqft Lot
SOLD DATE : 03/09/2021
Key Details
Sold Price $1,015,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB21006639
Sold Date 03/09/21
HOA Y/N No
Year Built 1958
Lot Size 7,840 Sqft
Property Description
Four (4) units built in 1958 with five (5) enclosed garages. Offered at a 5.28% cap rate, this property delivers solid income from day one with additional rent upside. The units are above average in size, featuring a unit mix of three (3), 2 BR- 1BA's and one (1) very large, 2BR-2BA unit (approximately 1,526 sq. ft.). At $253/sq. ft., the property is offered below the average price/sq. ft. for recent comparable sales in the area. The property is professionally managed, well maintained, and several units have been upgraded in the last few years. There is a large fenced patio with a secure gate that is shared with the adjacent triplex. Close to nearby St. Emydius Catholic Church, schools, St Francis Medical Center and the popular Plaza Mexico Shopping Center. The building can be purchased together or separate from the adjacent triplex located at 3554 Brenton Ave MLS # SB21006380.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Interior
Heating Central
Flooring Laminate
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Urban
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 5
Private Pool No
Building
Lot Description Front Yard
Story 2
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6191015003
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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