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$2,250,000
Est. payment /mo
8 Beds
2,904 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,904 sqft
Price per Sqft $774
MLS Listing ID CRSB25084640
Bedrooms 8
HOA Y/N No
Year Built 1957
Lot Size 7,494 Sqft
Acres 0.17
Property Sub-Type Quadruplex
Property Description
Come see this turnkey 4-unit apartment complex in a great neighborhood with award winning schools! Imagine living in one of the units with a preferred owner-occupancy interest rate, while collecting rents from the other three units! Each of the four 2-bed, 1 bath units are in nearly identical condition and have the same open floorplan with a combined kitchen/dining/living room. They have updated kitchens and baths with stone counters, stainless steel appliances and fixtures, tile and vinyl floors, vinyl windows, private laundry in the hall, and access to their own private patio through the kitchen door for west-facing sun. There is parking for 8+ vehicles, including the (4) partitioned 1-car garages. A common bricked yard and storage compartment is located at the rear of the lot - an opportunity for a shared grill, bike rack, etc. There's some upside potential for increased rents when the 3 leases expire. Gross annual income of $122,000. NET annual income of $86,400 and a 3.84% CAP.
Location
State CA
County Los Angeles
Zoning RBR-
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Tile, Vinyl
Fireplace No
Appliance Gas Water Heater
Laundry Dryer, Gas Dryer Hookup, Washer, Other, Inside
Exterior
View Y/N false
View None
Handicap Access Other
Total Parking Spaces 8
Building
Lot Description Level, Other, Landscape Misc
New Construction No
Others
Tax ID 4157012010
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Listed by Alex Smith • eXp Realty of California Inc