$575,000
$575,000
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2,918 SqFt
SOLD DATE : 01/31/2014
Key Details
Sold Price $575,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,918 sqft
Price per Sqft $197
MLS Listing ID SB13139613
Sold Date 01/31/14
HOA Y/N No
Year Built 1925
Lot Size 5,009 Sqft
Acres 0.115
Property Description
Well-maintained six unit property with many recent upgrades. Excellent unit mix - 2 bed/1 bath house; 1 bed/1 bath apt over garage; two 1 bed/1 bath units and two studios in 4-plex. Two enclosed garages rent separate from units. All are rented. Do not disturb tenants.
All units have separate gas and electric meters. Property has one water meter.
Standard equity sale. Good opportunity to break into today's hottest investment market - residential income. This is a low maintenance property, with a low vacancy rate. Current rents are at market level, in a high demand rental area. GRM is 9.1 and CAP rate 6.8 -- compare to others on the market!
During 2012 individual units were held off market to refinish hardwood flooring, re-do kitchens and bathrooms, upgrade electrical, etc. Exterior improvements include new garage doors, concrete work, paint, etc.
Location
State CA
County Los Angeles
Area 189 - Barton Hill
Zoning LAR2
Interior
Fireplace No
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Gutters, StormDrains, StreetLights, Sidewalks, Urban, Marina
Utilities Available SewerAvailable, SewerConnected
View Y/N Yes
View Hills
Total Parking Spaces 2
Private Pool No
Building
Lot Description CornerLot, Level, Paved, StreetLevel
Story MultiSplit
Entry Level MultiSplit
Sewer SewerAssessments
Water Public
Level or Stories MultiSplit
Others
Senior Community No
Tax ID 7451017013
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing Cash
Special Listing Condition Standard
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Bought with Stacy Moore • T.N.G. Real Estate Consultant
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "