$1,530,000
$1,580,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
6,398 Sqft Lot
SOLD DATE : 01/02/2024
Key Details
Sold Price $1,530,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PT23192133
Sold Date 01/02/24
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1930
Lot Size 6,398 Sqft
Property Sub-Type Quadruplex
Property Description
Attention Investors and Homebuyers! Incredible Opportunity: 4-Plex Back on the Market!!!!
Are you searching for the perfect real estate investment? Look no further! We are excited to present to you a remarkable 4-Plex that has just become available again and is ready to be sold ASAP. Don't miss out on this golden chance to secure a profitable venture or find your dream home with multiple income streams.
PLEASE DRIVE BY THE PROPERTY BEFORE SUBMITTING AN OFFER. ONE UNIT LEASED FOR 12 MONTHS FOR $3,675 PER MONTH! The other 3 units have had rent increases as of May 1st. Amazing four-plex opportunity minutes from Downtown Los Angeles! An FHA buyer's dream, this unique complex can be used for new owners to live in while renting the other three units. This well kept property consists of three 1bd/1ba bungalows and one large 1bd/1ba apartment located in the heart of the Historic Filipino Town. The adorable 1bd/1ba 1930's Spanish bungalows exude original charm with modern interiors. The bungalows are gut remodeled and re-imagined by the renowned firm Lehrer Architects. Functioning as independent homes with their own large fenced private yards. The bungalows feature open kitchen floor plans, high-end stainless-steel appliances, AC, laundry room, walk-in closets, updated flooring and bathrooms. The spacious apartment sits above the garage featuring an open living room, large kitchen, large walk-in closet, AC, recessed lighting, vinyl and wood flooring.
This gated and secure complex has it all and boasts newer electrical, copper plumbing, windows, and doors throughout the property. Covered remote-gated tandem parking spaces for each unit. Occupied units command very strong rents from high quality tenants. Newer developments in the immediate neighborhood include multiple large multi-family projects, a Target and more to come in the very near future. Perfect for investors who want to enjoy high market rental rates and strong long-term appreciation.
The property is also zoned R3 with big potential for developers to reimagine in a variety of ways. Take advantage of this moment to secure a property that not only offers immediate returns but also has the potential for long-term appreciation.
Do not disturb tenants!! Tour available upon accepted offer. Don't let this second chance slip away. Act quickly to secure this amazing 4-Plex investment opportunity.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR3
Interior
Interior Features Open Floorplan, Recessed Lighting, Tandem, All Bedrooms Down
Fireplaces Type None
Fireplace No
Appliance Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Water To Refrigerator, Water Heater, Washer
Laundry Washer Hookup, Gas Dryer Hookup, Inside, Stacked
Exterior
Parking Features Assigned, Controlled Entrance, Covered, Detached Carport, Tandem, Uncovered
Carport Spaces 3
Fence Wood
Pool None
Community Features Curbs, Street Lights, Sidewalks, Gated
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre, Corner Lot, Front Yard, Yard
Story 1
Entry Level One
Sewer Public Sewer, Sewer Tap Paid
Water Public
Architectural Style Bungalow
Level or Stories One
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 5154004012
Security Features Security Gate,Gated Community,Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA 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 Deborah Bush Jason Mitchell Real Estate CA
Nearby Locations
GET MORE INFORMATION

License ID: 01964485

