$970,000
$1,050,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
2,176 SqFt
SOLD DATE : 09/24/2021
Key Details
Sold Price $970,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,176 sqft
Price per Sqft $445
MLS Listing ID 21756832
Sold Date 09/24/21
Bedrooms 4
HOA Y/N No
Year Built 1922
Lot Size 6,359 Sqft
Property Description
We are pleased to present for sale a beautiful duplex located in the highly desirable Mid-City neighborhood of Los Angeles! Both units are 2 bedroom/1 bath with floorplans that average over 1,000 square feet each. One of the two units will be delivered vacant at the close of escrow. Excellent owner user opportunity! Live in one and rent the other for excellent income, about 20% upside in rents! New wrought iron fence, electric garage doors, new double pane windows. Each unit is individually metered gas & electricity. Property is situated on a 6,361 sqft lot (plus an alley!) and is zoned LAR3, TOC Tier 3, meaning a developer can build 7 units by right or up to 14 units utilizing TOC incentives. Property is also located within a qualified Opportunity Zone, which may provide increased tax incentives. The possibilities with this property are endless! Live in one & rent the other, rent both units for income, or build NEW Construction. Do not wait for this opportunity to pass! Property to be sold As-Is. Contact listing agent (cell phone) for more details. Do not disturb tenant.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Fireplace No
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 5067013019
Special Listing Condition Standard
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Bought with Kimberly Bui • Kimberly Bui, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "