$950,000
$1,090,000
12.8%For more information regarding the value of a property, please contact us for a free consultation.
2,724 SqFt
SOLD DATE : 07/10/2024
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,724 sqft
Price per Sqft $348
MLS Listing ID WS24001976
Sold Date 07/10/24
Construction Status Turnkey
HOA Y/N No
Year Built 1927
Lot Size 8,398 Sqft
Acres 0.1928
Lot Dimensions Assessor
Property Description
Four detached Spanish style houses in the trendy Highland Park area. Front 2 units are 2-bedroom 1 bath. Back units are 1 bedroom 1den and 1 bath each. Carport space is rented separately. Carport's roof was installed in 2015. Other buildings' roof were installed in 2013. Separated Gas and Electrical Meters for each unit. Most tenants have been living there for more than 14 years. Most copper plumbing pipes and most electrical wires were installed in most areas except unit #4939.5 which has not been done. Newer windows for unit#4939.5. Lots of upside rent potential. Centrally located. Minutes away to Downtown L.A., South Pasadena, Mt. Washington, etc... Close to Fwy 101, 110, 5 and 2. Metro Station is nearby. High demand rental area. Great potential for investors or developers. Lots of newer homes are built or under construction in nearby areas. Owners will not evict any tenants and will deliver the property in its "as-is" conditions with tenants. Property needs updates and fix up. Buyer to co-operate with seller for the 1031 tax deferred Exchange at no cost to buyer. Expenses are estimated only. Buyers and buyer's agent to do their due diligence to inspect and investigate the permits, room counts, conditions and development requirements of the property.
Location
State CA
County Los Angeles
Area 632 - Highland Park
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Gas Range, Gas Water Heater
Laundry None
Exterior
Garage Assigned, Carport, One Space
Carport Spaces 3
Fence Partial
Pool None
Community Features Suburban
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Accessibility Parking
Parking Type Assigned, Carport, One Space
Total Parking Spaces 7
Private Pool No
Building
Lot Description Street Level
Story 1
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 5471022008
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, FHA
Listing Terms Cash, Cash to New Loan, 1031 Exchange, FHA
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Dalton Jackson • Avenue Homes
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