$3,825,000
$3,995,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
0.76 Acres Lot
SOLD DATE : 10/28/2022
Key Details
Sold Price $3,825,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22135817
Sold Date 10/28/22
HOA Y/N No
Year Built 1962
Lot Size 0.760 Acres
Property Description
$500,000 PRICE REDUCTION, 12X GROSS ON ACTUALS! First time on the market in decades: massive generational corner asset consisting of 14 units with almost 12,000 square feet of living space on over 33,000 square feet of land! Park-like campus consisting of 6 separate structures on 3 parcels fronting three residential streets. Excellent unit mix with 11 two bed, one bath units, 1 one bed, one bath unit, 1 two bed, one bath house, and 1 three bed, two bath house (currently configured as two units with connecting door). 11 out of 14 units updated with new kitchen cabinets, quartz counters, tile bathrooms, and vinyl plank floors. Ideal income profile at 12.08X gross on actual rents with a 3% true upside to 11.69X gross on market rents. Well parked with 3 enclosed garages and 11 covered parking spaces (no tuck under). Listed rents are based on an increase that are in progress. Please call co-listing agent with questions.
Location
State CA
County Los Angeles
Area 633 - Industry/La Puente/Valinda
Zoning LPR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 3.0
Carport Spaces 11
Garage Description 3.0
Pool None
Community Features Urban
Total Parking Spaces 14
Private Pool No
Building
Lot Description 11-15 Units/Acre, Yard
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8252009001
Energy Description 3376.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard, Trust
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Bought with Jagmeet Singh • Keller Williams Realty