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Key Details
Sold Price $1,725,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV22112885
Sold Date 10/28/22
Bedrooms 8
HOA Y/N No
Lot Size 0.272 Acres
Property Description
Just Reduced! We are pleased to offer for sale this 7 unit Multi-Family investment in the highly sought after community of East Los Angeles. The subject property was originally constructed in 1992 and is comprised of 4(2bed/2bath) units, 2(2bed/1bath) units, and 1(1bed/1bath) unit. All units are separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy an onsite laundry facility, onsite car-port parking, and gated private entry. Current rental rates are 40%+/- below market rate and offer a new investor tremendous upside in potential income.
Just Reduced! We are pleased to offer for sale this 7 unit Multi-Family investment in the highly sought after community of East Los Angeles. The subject property was originally constructed in 1992 and is comprised of 4(2bed/2bath) units, 2(2bed/1bath) units, and 1(1bed/1bath) unit. All units are separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy an onsite laundry facility, onsite car-port parking, and gated private entry. Current rental rates are 40%+/- below market rate and offer a new investor tremendous upside in potential income.
Location
State CA
County Los Angeles
Area Los Angeles (90023)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Acceptable Financing Cash
Space Rent $1,725
Listing Terms Cash
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Bought with BENJAMIN LIN • RE/MAX 1000 REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "