$1,425,000
$1,450,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
6,379 SqFt
SOLD DATE : 09/30/2014
Key Details
Sold Price $1,425,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,379 sqft
Price per Sqft $223
Subdivision Downtown (Dt)
MLS Listing ID PW14091075
Sold Date 09/30/14
HOA Y/N No
Year Built 1921
Tax Year 2013
Lot Size 7,492 Sqft
Acres 0.172
Property Description
Huge Upside as building is grossly under rented. This area south of 7th is the most rapidly improving area in the City. Lowest price per unit downtown in a great East Village location. This building can bring in $150,000 annually with a motivated Owner creating a +6 CAP and sub 10 GRM. With newer stucco on the exterior, this building has the curb appeal to bring these rents to market.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Exterior
Pool None
Community Features Urban
Utilities Available SewerAvailable
Private Pool No
Building
Story 2
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 7273027013
Acceptable Financing CashtoNewLoan
Listing Terms CashtoNewLoan
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Matthew Firth • JMS Manage Sell, PC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "