Unincorporated, CA 90023,721 S Downey RD

$750,000

$749,900

Est.Price: ?

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Est. payment /mo

7,492 Sqft Lot


SOLD DATE : 10/28/2015

Key Details

Sold Price $750,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID RS14120377

Sold Date 10/28/15

HOA Y/N No

Year Built 1914

Tax Year 2013

Lot Size 7,492 Sqft

Property Description

HUGE PRICE REDUCTION!! UNIQUE RENTAL INCOME PROPERTY - ONE OF A KIND! THIS IS STANDARD SALE - NO RENT CONTROL! THIS PROPERTY IS LOCATED IN THE UNINCORPORATED CITY OF EAST LOS ANGELES. FOUR LARGE UNITS WITH 2 SEPARATE BUILDINGS. FRONT BUILDING CONSISTS OF 2 UNITS - UPSTAIRS AND DOWNSTAIRS WITH 2 BEDROOMS AND 1 BATHROOM EACH. THE REAR BUILDING HAS A 2 BEDROOM AND 1 BATH UNIT - DOWNSTAIRS - AND A MASSIVE 5 BEDROOMS 2 BATHROOMS UNIT - UPSTAIRS. RENTS ARE LOW DUE TO LONG-TERM TENANTS. GREAT LOCATION, EASY FREEWAY ACCESS TO THE 710, 5 AND THE 60 FREEWAYS. JUST MINUTES AWAY FROM DOWNTOWN LOS ANGELES. 11 BEDROOMS AND 5 BATHROOMS TOTAL WITH 4,186 SQFT IN CONSTRUCTION AND 7,490 LOT SIZE. IF YOU’VE BEEN LOOKING WHERE TO INVEST, THIS IS THE PLACE!

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Flooring Carpet, Laminate, Tile, Vinyl

Fireplace No

Laundry Outside

Exterior

Garage Assigned

Carport Spaces 4

Fence Chain Link

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Sewer Available

Parking Type Assigned

Total Parking Spaces 11

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story Two

Entry Level Two

Water Public

Level or Stories Two

Others

Senior Community No

Tax ID 5236005022

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Financing Cash,Private

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tony Lopez • Berkshire Hathaway Hm Ser
Bought with Paul Kelly • Power Brokers International
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 824-6227

msolmos2@gmail.com

6201 E Bayshore Walk, Beach, CA, 90804, USA

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