$2,430,000
$2,525,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
8,542 Sqft Lot
SOLD DATE : 11/30/2018
Key Details
Sold Price $2,430,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 18342396
Sold Date 11/30/18
HOA Y/N No
Year Built 1964
Lot Size 8,542 Sqft
Property Description
Rosano Partners is pleased to present this opportunity to acquire an eight-unit apartment in Toluca Lake. Built in 1964, this two-story apartment is comprised of six 2Bed/1Bath and two 3Bed/2Bath units. This is a value-add deal with 52.6% upside in rents, perfect for investors in a 1031-Exchange looking for a stabilized investment with long-term upside. A brand new roof, 100% copper plumbing, and new water heater were installed in 2014. Three units have been recently remodeled with laminate floors, tiles, and kitchen cabinetry. Eight parking spots reside on the property. 2018 Average Household Income within 3 mile radius: $98k. Motivated Seller.
Location
State CA
County Los Angeles
Area Tul - Toluca Lake
Zoning LAR3
Interior
Cooling See Remarks
Fireplace No
Laundry See Remarks
Exterior
Parking Features Other
Building
Story 2
Others
Tax ID 2421023003
Special Listing Condition Standard
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Bought with Sagiv Rosano • Rosano Partners
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