$1,000,000
$1,040,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
8,712 Sqft Lot
SOLD DATE : 10/21/2020
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW20172128
Sold Date 10/21/20
Construction Status Building Permit,Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 2018
Lot Size 8,712 Sqft
Property Description
Did you say POSITIVE CASH FLOW.......this recently built / renovated property produces it!! Newer construction means fewer repairs for the foreseeable future. The rear home was built brand new in 2018. The front house, built in 1948, was substantially renovated (kitchen, baths, windows, flooring, doors, tankless water heater, landscaping). There is a brand new 4-car garage off of the alley - 2 garages per home. Both houses have private yards and separate access from the garage and street. The front house is single story, has 3 bedrooms, plus an office, and 2 full baths. The rear home is two story, has 3 bedrooms (all upstairs) and 2.5 baths. Both units are rented (one has a lease thru 5/31/2021 and the other is MTM) and generates over $6,000 per month! Landlord only pays property taxes, insurance and gardener and that is it. Super low operating expenses as both houses are separately metered for electricity, gas, water and trash. This is a cash cow and it will only get better with time.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Interior Features Ceiling Fan(s), Granite Counters, Open Floorplan, Recessed Lighting, Wired for Data
Heating Central, Forced Air
Cooling Central Air
Flooring Tile, Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Free-Standing Range, Disposal, Tankless Water Heater, Water To Refrigerator
Laundry In Garage, In Kitchen
Exterior
Garage Door-Multi, Garage, Garage Door Opener, Garage Faces Rear
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
Parking Type Door-Multi, Garage, Garage Door Opener, Garage Faces Rear
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction Yes
Construction Status Building Permit,Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 7260013017
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with John (Jack) Mangin • BerkshireHathaway HomeServices
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "