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Key Details
Sold Price $1,348,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PF22002353
Sold Date 02/24/22
Bedrooms 7
HOA Y/N No
Lot Size 6,231 Sqft
Property Description
Bread and butter quadraplex in Winnetka. Great unit mix, (1) 3+2 $1,875; (1) 2+2 $1,900; (2) 1+1 $1,500 and $1,200, total gross rent is $6,475. Rents are well below market. Two units are updated, seller is offering $30k credit towards updating the other two units. Copper plumbing replaced in the whole building. 5 garage spaces. A coin operated laundry facility is on site. Tenants pay for all utilities except water. The property is located just over 2 miles from The Village on Topanga, and only 1.5 miles from Pierce College. At this price point, this is a great additional to any portfolio or an ideal option for first time investors.
Bread and butter quadraplex in Winnetka. Great unit mix, (1) 3+2 $1,875; (1) 2+2 $1,900; (2) 1+1 $1,500 and $1,200, total gross rent is $6,475. Rents are well below market. Two units are updated, seller is offering $30k credit towards updating the other two units. Copper plumbing replaced in the whole building. 5 garage spaces. A coin operated laundry facility is on site. Tenants pay for all utilities except water. The property is located just over 2 miles from The Village on Topanga, and only 1.5 miles from Pierce College. At this price point, this is a great additional to any portfolio or an ideal option for first time investors.
Location
State CA
County Los Angeles
Area Winnetka (91306)
Zoning Public Rec
Interior
Cooling Central Forced Air, Wall/Window
Appliance Forced Air Unit
Exterior
Exterior Feature Stucco
Roof Type Tile/Clay
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Space Rent $1,875
Financing Conventional
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Bought with NON LISTED AGENT • San Diego
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