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Key Details
Sold Price $400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW18029980
Sold Date 05/15/18
HOA Y/N No
Year Built 1910
Lot Size 7,840 Sqft
Acres 0.18
Property Description
A duplex in a large single family house at a Cul-De-Sac! 6BR/3BA. Great seasoned tenants, two separate entrances, two kitchens with granite counter tops, 2-car detached garage on a good size 7,667sf lot. Large back yard & plenty of parking in the rear. Large covered front patio with a large tree to provide additional shades.
ALL utilities – water, trash, electric, gas and even gardening are paid by tenants. A rental rarity indeed! Total rent $2,900/mo. is below FMV, no rent control but with immediate upside potentials.
Conveniently located, near FWY 10, 57, 71 & 60. Walking distance to Ganesha Park & Ganesha Community Center which offers swimming pool, water slide, kids playground, tenant courts, outdoor amphitheater, picnics & BBQ areas. Stater Bros, Starbucks and school are one to two short walking blocks. Smart & Final, CVS, other shopping and restaurants are a few blocks away. Nearby Pomona Fairplex & Puddingstone Reservoir offers additional fun and recreation options.
12.3 GRM, 8.1% cap! Great income/price ratio, immediate upside income potentials, tenants pay all utilities, historic low interest rate provides a once-in-a-lifetime leveraging opportunity. A 5% down payment on a 30-year fix mortgage at 4.5% would result in immediate positive cash flow from year zero! What an opportunity! Offer subject to interior inspections. Buyer to cooperate with Seller’s 1031 exchange.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning POAPYY
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Garage Concrete, Covered, Direct Access, Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs
Parking Type Concrete, Covered, Direct Access, Driveway, Garage
Total Parking Spaces 2
Private Pool No
Building
Lot Description Cul-De-Sac
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8339028005
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Tony Lam • Coldwell Banker Alliance
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960