$1,575,000
$1,599,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/18/2016
Key Details
Sold Price $1,575,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Heights (Bh)
MLS Listing ID PW16707063
Sold Date 11/18/16
HOA Y/N No
Year Built 1958
Property Description
HIGHLY SOUGHT AFTER 4PLEX IN PRIME BELMONT HEIGHTS LOCATION WITH A COVETED 2ND STREET ADDRESS. All 4 units are large Sq. Ft. with open floor plans featuring walk-in closets and large bedrooms. Built in 1958, The property consists of 1- 1bed/1 bath rented for $1330 with a carport, 1- owners unit 2bed/2bath rented for $2150 with 1 garage, dining room, inside laundry room and 2nd living room. The other 2 units are both 2 bed/2bath that have been completely rehabbed with new bathrooms, new kitchen including granite counter tops! The property is in pristine condition with no deferred maintenance. Total of 3 garages and 1 carport. Onsite laundry room brings additional income. Owner pays water only. Tenants pay for all other utilities. Rents are extremely low with tons of room to raise up to market price. PRICED TO SELL BASED ON PRO-FORMA RENTS AT A 3.5CAP AND 18 X GROSS. Trophy properties like this one do not come on the market often, hurry this property will not last long!
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR3S
Interior
Fireplace No
Exterior
Parking Features Assigned
Garage Spaces 3.0
Carport Spaces 1
Garage Description 3.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Water Public
Others
Tax ID 7264003016
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Kristina Moore • Main Street Realtors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "