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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,036 sqft
Price per Sqft $163
MLS Listing ID OC23199076
Sold Date 12/05/23
HOA Y/N No
Year Built 1963
Lot Size 10,794 Sqft
Property Description
8-Unit Apartment Complex. Prime Investment Opportunity located in El Sereno, Los Angeles. This well-maintained apartment complex, nestled in a rent-controlled community, offers the astute investor a solid return on their investment and the potential for long-term gains. Comprising of 7 spacious 2-bedroom, 1-bathroom units, and 1 additional 1 bedroom, 1 bathroom unit, with an office/storage, this property offers a total of 15 bedrooms and 9 bathrooms. Spanning 7,036 square feet, this apartment complex sits on a generous 10,793 square foot lot, allowing for ample green space or future development opportunities. The property is located in a tenant dense area that is near USC, CSULA, Art Center, Pasadena, Alhambra and Downtown LA. Close proximity to key amenities, schools, and transportation options, making it appealing to a wide range of renters. Seize this opportunity to invest in a robust and profitable property. Contact us today for more details. This investment provides a reliable stream of income, making it an attractive addition to your portfolio, don't miss the opportunity to add this property to your RE portfolio.
Location
State CA
County Los Angeles
Area 621 - El Sereno
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Community Features Gated
Total Parking Spaces 8
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 5309016018
Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Gated Community,Smoke Detector(s)
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange, FHA
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange, FHA
Financing Cash
Special Listing Condition Standard
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Bought with Casey Picard • Keller Williams Realty
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960