$2,500,000
$2,525,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
6,490 Sqft Lot
SOLD DATE : 09/16/2022
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW22148511
Sold Date 09/16/22
HOA Y/N No
Year Built 1963
Lot Size 6,490 Sqft
Property Description
Well kept 9 unit apartment built in 1963 in great Eastside area. Two 1bdr/1bath, six 2bdrm/1 bath, and one 3bdrm/2 bath units. Six garages. Many long term tenants with lower than market rents. Current monthly rents total $12,967 including $300 for garages and $69 for laundry (current rents are based on scheduled rent increases between 7/1/22 through 9/1/22).
RentOmeter indicates market rents should total $20,855 per month ($1,663 for 1 bdrms, $2,335 for 2 bedrms, and $3,150 for 3 bdrms) that's a 10.0 GRM.
Operating Expenses are estimated. Call Listing Agent for actual operating statements.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage Faces Front, Garage Faces Rear
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Urban
View Y/N No
View None
Total Parking Spaces 6
Private Pool No
Building
Lot Description Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7258016013
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Spencer Pabst • Pabst, Kinney & Associates