$1,396,000
$1,395,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
4,356 Sqft Lot
SOLD DATE : 05/12/2021
Key Details
Sold Price $1,396,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Signal Hill (Sh)
MLS Listing ID PV21068504
Sold Date 05/12/21
HOA Y/N No
Year Built 1929
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Ideal investment property. Current cap rate of 5.75%. High cash flow and easy to manage. Four large 3 bedroom / one bath units. All rented at $2100 per month (last rent increase was December 2019), each unit with own single car garage, water heater and pays own utilities. Each unit has two separate entrances. Kitchen has room for dining table and chairs. New garage doors and stamped concrete backyard for easy, low cost maintenance. Landlord only pays for water/sewer. Very large units over 1,000 sf each. All new floors, and updated bathrooms and kitchens. Take advantage of low interest rates as this fourplex qualifies for residential 30 year financing. Can have additional income from renting out the garages. Two ADU's may be added for additional income opportunity (buyer to confirm).
Full rent collection throughout pandemic. Proforma rent in the $2250 to $2350 range plus potential income from garage rental and additional ADUs. Buyer to verify all information, not limited to unit counts and unit size and total sf. Interior viewing subject to accepted offer.
Location
State CA
County Los Angeles
Area 8 - Signal Hill
Zoning LBR2N
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling None
Flooring Laminate, Wood
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Suburban, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Available, Water Connected
View Y/N No
View None
Roof Type Shingle
Parking Type Assigned
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7268032017
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Samir Rai • Keystone Realty Group
"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