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Key Details
Sold Price $975,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,328 sqft
Price per Sqft $292
MLS Listing ID 23295109
Sold Date 03/01/24
Bedrooms 5
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1925
Lot Size 6,250 Sqft
Property Description
Welcome to "Lake Street Legacy," a testament to timeless Los Angeles charm. "Where History Meets Opportunity. "Situated in the heart of Los Angeles, Lake Street Legacy at 210 S Lake Street is a unique investment opportunity that blends historical charm with modern convenience. This Storybook Architectural Income Property, built in 1925, offers a monthly income of $6,090 against expenses of $1,456.The property comprises five units, each offering a cozy 1-bedroom, 1-bathroom living space. Minor upgrades have been made to each unit, enhancing the original charm while providing modern comforts. One of the unique features of this property is the ample storage available in the basement, a rarity in city living. The basement has also undergone minor retrofitting, adding to the property's value and appeal. Please note that the landlord does not own the appliances. Lake Street Legacy is situated on a 6,249 sq ft lot, with a total living area of 3,328 sq ft. It also boasts five parking spaces, a sought-after amenity in the bustling city of Los Angeles. The property is zoned LAR3, offering potential for future development. Its central location offers easy access to all the city has to offer, including fantastic dining, shopping, and entertainment options. With its strategic location and unique features, Lake Street Legacy is an excellent choice for anyone looking to expand their investment portfolio. Don't miss out on this rare investment opportunity. Experience the blend of historical charm and modern convenience at Lake Street Legacy.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR3
Interior
Interior Features Multiple Staircases
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Wood
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Assigned, Shared Driveway, Side By Side
Garage Spaces 5.0
Garage Description 5.0
Pool None
Utilities Available Overhead Utilities
View Y/N Yes
View City Lights
Roof Type Shingle
Accessibility None
Porch None
Attached Garage No
Total Parking Spaces 5
Private Pool No
Building
Lot Description Back Yard, Front Yard, Yard
Faces West
Story 1
Entry Level Multi/Split
Sewer Other
Water Public
Architectural Style Traditional
Level or Stories Multi/Split
New Construction No
Construction Status Repairs Cosmetic
Others
Pets Allowed No
Senior Community No
Tax ID 5154008020
Security Features Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s),Window Bars
Financing Cash
Special Listing Condition Standard
Pets Allowed No
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Bought with Kayoko Inoue • eXp Realty of California Inc
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960