$1,425,000
$1,500,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
12 Baths
5,424 SqFt
SOLD DATE : 09/12/2024
Key Details
Sold Price $1,425,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,424 sqft
Price per Sqft $262
MLS Listing ID 24412851
Sold Date 09/12/24
Bedrooms 12
HOA Y/N No
Year Built 2003
Lot Size 6,216 Sqft
Property Description
2003 CONSTRUCTION- NO LA RENT CONTROL | 2 VACANCIES! | LARGE 3 BED, 2.5 BATH TOWNHOUSE UNITS. This modern 4-unit apartment building was constructed in 2003, and has NO LA City Rent Control.Spanning a total building size of 5,424 sqft on a 6,214 sqft lot, each of the four townhouse-style units features three spacious bedrooms and two and a half bathrooms. Two of these units are currently vacant, offering immediate occupancy or rental potential. Each unit is allocated four parking spaces, including a two-car garage and a carport, totaling sixteen parking spaces for the entire property. The LAC2 zoning adds another layer of value to this versatile investment.This property boasts several modern conveniences, including central air conditioning, all copper plumbing, and a newer roof, ensuring long-term durability and tenant comfort. Each unit is separately metered for utilities, providing a hassle-free management experience. The gated entrance enhances security and privacy, while washer and dryer hookups in every unit add a layer of convenience for tenants.This property is especially attractive for Section 8 voucher holders, allowing savvy investors to command high rents. Currently, the property operates at a 6.68% Cap Rate and a 9.90 GRM, highlighting its strong investment potential. Don't miss out on this rare opportunity to own a well-maintained, high-potential property in a desirable area of South Los Angeles. Please do not disturb the tenants. Drive-by only.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAC2
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Stacked
Exterior
Garage Attached Carport, Door-Multi, Garage
Garage Spaces 8.0
Carport Spaces 8
Garage Description 8.0
Community Features Gated
Parking Type Attached Carport, Door-Multi, Garage
Attached Garage Yes
Total Parking Spaces 16
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction Yes
Others
Senior Community No
Tax ID 6038006025
Security Features Gated Community
Special Listing Condition Standard
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Bought with Chase Simonton • RE/MAX One