$1,437,500
$1,650,000
12.9%For more information regarding the value of a property, please contact us for a free consultation.
7,405 Sqft Lot
SOLD DATE : 08/10/2021
Key Details
Sold Price $1,437,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21705992
Sold Date 08/10/21
HOA Y/N No
Year Built 1948
Lot Size 7,405 Sqft
Property Description
An exciting investment for an ideal buyer seeking a value add building. This seven unit gated complex is in the heart of mid-city zoned RD1.5 and located in an opportunity zone. It has a 4.6% cap rate and 14 GRM. This well maintained building has charming courtyards throughout and five units have garage spaces. This multi-family property consist of a mix of (4) spacious one-bedrooms one bath, (2) two bedrooms one bath, and one-studio. Two of the one -bedroom units will be delivered vacant. The units have a mix of updates throughout including remodeled kitchens, flooring, and bathrooms offering plenty of natural light in several of the units. Each unit has separate gas and electrical meters. The building needs soft retrofitting and is reflected in the price. Retrofit plans and permits have been pulled. Buyer to investigate. Please do not disturb tenants.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating WallFurnace
Cooling None
Fireplace No
Exterior
Parking Features OnStreet
Garage Spaces 5.0
Garage Description 5.0
View Y/N No
View None
Total Parking Spaces 5
Building
Architectural Style Traditional
Others
Senior Community No
Tax ID 5067017032
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 Dominick Faraone • Miller & Desatnik Realty Co.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "