$883,138
$990,000
10.8%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 04/19/2021
Key Details
Sold Price $883,138
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR21023022
Sold Date 04/19/21
HOA Y/N No
Year Built 1924
Lot Size 6,098 Sqft
Property Sub-Type Apartment
Property Description
Attention investors…5 units under $200K per door! Act now on this 5-unit multi-family property with strong rental income and lots of building character located in lower Monterey Hills area not far from Alhambra. Situated on a generously sized lot with three separate building structures, each unit is single level and includes designated parking. Below market rents offers the new ownership significant rental upside of 20% or greater. Separately metered for both electricity & gas plus a well-maintained property, this investment offers historically low expenses, ease of management and superb cash flow. Unit mix: one 2 bed/1 bath house and four 1 bed/1bath units. The prime location is in an upcoming area surrounded by plenty of large and new developments. Priced for a quick sale at only $990,000 this investment will not last long!
Location
State CA
County Los Angeles
Area 621 - El Sereno
Zoning LARD3
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Suburban
Total Parking Spaces 4
Private Pool No
Building
Lot Description Near Public Transit
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5218013021
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with Chao Chiao • IRN Realty