8,742 Sqft Lot
8,742 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24051871
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1990
Lot Size 8,742 Sqft
Property Description
A unique multi-family offering comprises two family-managed apartment buildings with six units on separate parcels that can be sold together or separately for an investor to oversee or an owner to occupy and lease out. This property would be an excellent opportunity for owners looking to upgrade to a larger rental property.
Encompassing 12 fully occupied units with a mix of six two-bed/two-bath units and four two-bed/one-bath units, with ample land for two parking spaces for each unit, which is very rare in this area.
Each 6 unit building can be sold separately for $1,750,000. Each building has one one-bed/bath ,two two/one-bath units and three two/two-bath units.
Each building has its owner separate washer and dryer in a common area.
The property is in a dense residential area of East Los Angeles, one of LA’s oldest and most influential communities about five miles from Downtown Los Angeles. Close to the high-end community of Monterey Park, nestled four miles away and simply a five-minute drive to the vibrant entertainment, restaurants, and shopping corridor on Whitter Boulevard.
East Los Angeles College is three miles away, drawing many students looking for housing to 1006 S Record Avenue. Record Avenue Apartments has hassle-free connectivity reaching Interstate 710, Interstate 5, and Route 60 in less than a mile.
Well maintained, with incredible accessibility, Record Avenue Apartments is primed to offer an ideal investment opportunity to own a multi-family asset.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LCR4YY
Interior
Interior Features Multiple Staircases
Heating Propane
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Convection Oven, Dishwasher, Gas Oven, Gas Range, Refrigerator, Dryer, Washer
Laundry Common Area
Exterior
Fence Average Condition, Wrought Iron
Pool None
Community Features Curbs, Street Lights, Gated
Utilities Available Cable Available, Electricity Connected, Propane, Water Connected
View Y/N No
View None
Roof Type Synthetic,Tar/Gravel
Accessibility Safe Emergency Egress from Home, Parking
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5239019042
Security Features Security Gate,Gated Community,24 Hour Security
Energy Description 2377.0
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
