7,499 SqFt
7,499 SqFt
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,499 sqft
Price per Sqft $151
MLS Listing ID CV24099913
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1887
Lot Size 7,501 Sqft
Acres 0.1722
Property Description
This income property is located at less than a mile from LAC+USC Medical Center and only 10 minutes form Downtown LA and Chinatown.
This neighborhood has gone through gentrification; completely surrounded by newly constructed houses and income units.
Great family neighborhood near schools, churches and freeway access with high demand from renters. Near bus stops.
CAP RATE 5.15 %
This income property consists of 6 units, of which two units are facing the street and one of them has 3 bedrooms and 1 bath, perfect for a big family.
There is a small house in the immediate back that is rented as a one bedroom/one bath apartment with adjacent storage shed plus 3 back units with 3 one car garages in the very rear.
This property has a new roof, new plumbing, and the two front units have been remodeled 4 years ago and freshly painted last year.
This is a 1031 Exchange.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LAR3
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Gas Water Heater
Laundry None
Exterior
Garage Assigned
Garage Spaces 3.0
Garage Description 3.0
Fence Average Condition
Pool None
Community Features Curbs, Street Lights, Urban
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected
View Y/N No
View None
Roof Type Composition
Accessibility Parking
Parking Type Assigned
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Rectangular Lot
Story 2
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Traditional
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5210005020
Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Window Bars
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner