$1,440,000
$1,299,000
10.9%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 11/17/2020
Key Details
Sold Price $1,440,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW20176993
Sold Date 11/17/20
Construction Status Turnkey
HOA Y/N No
Year Built 1910
Lot Size 7,405 Sqft
Property Description
As you walk past the trendy, independently-owned merchants, coffee shops, and eateries of the East Village Arts District, a fully-remodeled, charming Craftsman fourplex catches your eye. Your first thought: “this must be 719 E. 5th Street!” This property has been meticulously cared for by the current owner, who has treated this as their most prized project. All units contain quartz countertops, fully remodeled kitchens, fully remodeled bathrooms, new flooring, and new paint, all of which are complemented by the hand-selected vintage light fixtures and hardware. To attract and retain the best tenants, each unit has been equipped with air conditioning and laundry — and if that’s not enough, there are 7 parking spaces for the property and a private outdoor space for each unit. It is not hard to understand why the property achieves the highest rents in the area, bringing in over $110,000 annually. This investment truly offers a unique chance to own a prize property in East Village, while generating an income high enough to satisfy any investor.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Heating Zoned
Cooling Zoned
Fireplace No
Laundry Inside
Exterior
Garage Assigned
Garage Spaces 2.0
Garage Description 2.0
Fence Wood, Wrought Iron
Pool None
Community Features Street Lights, Sidewalks
Roof Type Shingle
Parking Type Assigned
Total Parking Spaces 7
Private Pool No
Building
Lot Description Rectangular Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories One
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 7281003017
Acceptable Financing Conventional, Submit, VA Loan
Listing Terms Conventional, Submit, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Andrew Gombiner • Gombiner & Company
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "