Highland Park, CA 90042,4939 Malta ST

$950,000

$1,090,000

12.8%
Est.Price: ?

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Est. payment /mo

8,398 Sqft Lot


SOLD DATE : 07/10/2024

Key Details

Sold Price $950,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS24001976

Sold Date 07/10/24

Construction Status Turnkey

HOA Y/N No

Year Built 1927

Lot Size 8,398 Sqft

Lot Dimensions Assessor

Property Description

Four detached Spanish style houses in the trendy Highland Park area. Front 2 units are 2-bedroom 1 bath. Back units are 1 bedroom 1den and 1 bath each. Carport space is rented separately. Carport's roof was installed in 2015. Other buildings' roof were installed in 2013. Separated Gas and Electrical Meters for each unit. Most tenants have been living there for more than 14 years. Most copper plumbing pipes and most electrical wires were installed in most areas except unit #4939.5 which has not been done. Newer windows for unit#4939.5. Lots of upside rent potential. Centrally located. Minutes away to Downtown L.A., South Pasadena, Mt. Washington, etc... Close to Fwy 101, 110, 5 and 2. Metro Station is nearby. High demand rental area. Great potential for investors or developers. Lots of newer homes are built or under construction in nearby areas. Owners will not evict any tenants and will deliver the property in its "as-is" conditions with tenants. Property needs updates and fix up. Buyer to co-operate with seller for the 1031 tax deferred Exchange at no cost to buyer. Expenses are estimated only. Buyers and buyer's agent to do their due diligence to inspect and investigate the permits, room counts, conditions and development requirements of the property.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Gas Range, Gas Water Heater

Laundry None

Exterior

Garage Assigned, Carport, One Space

Carport Spaces 3

Fence Partial

Pool None

Community Features Suburban

Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Accessibility Parking

Total Parking Spaces 7

Private Pool No

Building

Lot Description Street Level

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5471022008

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, FHA

Listing Terms Cash, Cash to New Loan, 1031 Exchange, FHA

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by TALIA LAI • Pinnacle Real Estate Group • 626-926-0236
Bought with Dalton Jackson • Avenue Homes
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