UPDATED:
10/26/2024 08:55 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24219241
HOA Y/N No
Year Built 1922
Lot Size 4,987 Sqft
Property Description
rent ready. Updated electrical and new copper
plumbing. The building features one 2-bed/1-bath
unit and three 1-bed/1-bath units, with 3 of the 4
units currently renovated, offering a prime opportunity
for an investor or owner-occupier.
4 uncovered parking spaces in the rear can be
converted to two stacked ADUs. With this addition,
the cap rate jumps from an already attractive
7.02% to an impressive 13.86%, offering substantial
returns.
For investors, this is a cash cow with the ability to
stabilize and generate significant cash flow. For
owner-users, it’s a perfect opportunity to occupy
one unit, have two units cover your mortgage, and
enjoy pure profit from the fourth unit. Don’t miss this
rare chance to maximize value in a sought-after
area!
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Rooms
Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup
Interior
Laundry Location Electric Dryer Hookup,Gas Dryer Hookup
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Biking, Park, Street Lights, Sidewalks, Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5107014021
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Special Listing Condition Standard
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935