UPDATED:
10/21/2024 08:30 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW24207518
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1928
Annual Tax Amount $10,995
Tax Year 2024
Lot Size 6,743 Sqft
Lot Dimensions Assessor
Property Description
Opportunity for long-term appreciation in a market poised for equity.
The Mid-City submarket is experiencing significant growth, with various development projects underway that promise to enhance property values and rental demand. Exciting nearby developments include mixed-use buildings and residential complexes - drawing capital expenditures and infrastructure investment.
The property’s strategic location adds to its appeal. Situated in the vibrant West Adams/Mid-City district, this property enjoys proximity to a wealth of amenities, freeway access, and public transportation. Lively atmosphere filled with restaurants, cafes, and shops—all within walking distance. The area’s rich scene, highlighted by historic landmarks and community events, makes it an attractive location. Notable nearby attractions, provide entertainment and dining options that cater to various tastes.
The surrounding area is known for its strong sense of community, making this property a sound investment for those looking to build equity over time, or capitalize early over the wave of growth Los Angeles’ 2028 Olympics is bringing. This submarket continues to attract renters, buyers, builders, and developers, driven by its central location and diverse lifestyle offerings.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LARD1.5
Rooms
Ensuite Laundry Common Area, Inside
Interior
Laundry Location Common Area,Inside
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Tile, Vinyl
Fireplaces Type None
Inclusions Contact Agent.
Fireplace No
Laundry Common Area, Inside
Exterior
Exterior Feature Rain Gutters
Garage Electric Gate
Fence Chain Link, New Condition
Pool None
Community Features Biking, Curbs, Gutter(s), Street Lights, Sidewalks, Urban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Common Roof,Flat,Flat Tile,Mixed,Other,Spanish Tile
Parking Type Electric Gate
Total Parking Spaces 7
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Corner Lot, Front Yard, Landscaped, Paved
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Custom, Spanish
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 5067015024
Security Features Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, Fannie Mae, Freddie Mac, Submit
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, Fannie Mae, Freddie Mac, Submit
Special Listing Condition Standard
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935