Property listed by Exp Commercial of California, Inc., Toni Nan Xiong
$1,450,000
Presenting an exceptional opportunity for multifamily investors. This 5,237 SF building, with four spacious units, offers significant value-add potential and is perfectly positioned in a transit zone, huge back lot and 5 garages unlocks the possibility for ADU development. Built in 1928, the property's classic Spanish architectural charm shines through,… Read More high ceilings, large windows with lots of light. Property has been well maintained. This property provides income and the potential for substantial future growth. Situated in a prime location just 1 mile South of La Brea Tar Pits, investors can capitalize on the vibrant local market and the area's strong housing demand. Don't miss the chance to acquire this property with untapped potential in a highly desirable location. Excellent for 1031 exchange buyers, long-term investors, and local owner-operators. Do not disturb tenants. Unit tours available upon accepted written offer. Buyer to conduct their own due diligence and independent investigations. Seller and Broker make no warranties, expressed or implied, as to square footage, unit count, or other information. Interior access will be scheduled following accepted written offer. Read Less
Listing Snapshot
Days Online
43
Last Updated
Property Type
Other
Beds
7
Square Ft.
5,237
Lot Size
0.16 Acres
Year Built
1928
MLS Number
25593397
30 Days Snapshot Of 90019
$1.58M
+25%
(avg) sold price
10
-28%
homes sold
68
+7%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
BuiltIn
Building
Built in 1928, Building area total: 5,237, Levels: One, Living area: 5237, 1 story, 1 building, Architectural style: Spanish
Garage
5 spaces
Heating
Electric
Income
Gross income: $86,585, Net operating income: $58,012
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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