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Key Details
Sold Price $2,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,714 sqft
Price per Sqft $428
MLS Listing ID 21694320
Sold Date 05/28/21
HOA Y/N No
Year Built 1948
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Well-maintained two-story building benefitting from a newly painted trim along with recently replaced windows throughout | Opportunity exists to renovate the units with new flooring, countertops, appliances and fixtures to achieve higher rents | 20% rental upside with additional income opportunities through bill-back of utilities | 100% occupied with all tenants paying rent Low expense burden should allow for positive cash flow on day one of ownership | Underutilized backyard area leaves potential to add Covid-friendly amenity space for residents
Location
State CA
County Los Angeles
Area 624 - Glendale-Chevy Chase/E. Glenoaks
Zoning GLR4*
Rooms
Ensuite Laundry CommonArea
Interior
Laundry Location CommonArea
Heating Central
Fireplace No
Appliance GasCooktop, Oven, Refrigerator
Laundry CommonArea
Exterior
Garage None
Parking Type None
Building
Story 2
Others
Senior Community No
Tax ID 5665018001
Special Listing Condition Standard
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Bought with Jared Warren • Colliers International- Los Angeles
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960