For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $612,100
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR14118655
Sold Date 07/25/14
HOA Y/N No
Year Built 1910
Tax Year 2013
Lot Size 6,229 Sqft
Property Description
Very well maintained 4 unit building with over 3000 sq. ft. of space. Spacious two 2 bed + 1 bath units and two 1 bed + 1 bath units with over $4000 gross monthly income and still room for more upside potential. Units are loaded with charm and character. Live free in one of the spacious units by collecting rents from the other three units or enjoy close to 6.5% actual CAP rate. Plenty of parking spaces in the back of the complex accessed through back alley. Current owners spent close to $30,000 for rehab. Located in an up and coming neighborhood and close to downtown, Burbank media center, Pasadena and the Valley (close to 5, 110 and 134 FWY). Fully occupied units with actual monthly income of $4,248 and easy to manage! Do not disturb the tenants or go into the property.
Location
State CA
County Los Angeles
Area 680 - Mount Washington
Zoning LAC2
Interior
Interior Features Tile Counters
Heating Floor Furnace
Fireplace No
Exterior
Pool None
Community Features Urban
Utilities Available Sewer Connected
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Front Yard
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Tax ID 5453022013
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
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 Mee Choi • Meridian Capital Realty