$1,100,000
$1,200,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
9,792 Sqft Lot
SOLD DATE : 02/10/2025
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24220342
Sold Date 02/10/25
HOA Y/N No
Year Built 1948
Lot Size 9,792 Sqft
Property Description
Remodeled 4 Bedroom house plus three additional
income units plus land available. This renovated 4-plex
comes with an oversized 9,794 sqft lot with a large
undeveloped area perfect for building ADU's. Great cashflow
asset with tremendous upside. There is over 166%
upside in rental income once the ADUs are built out.
Renderings (only) for ADU's are available in the marketing
deck. A New owner can build ADUs on open area and
convert the current storage/laundry to an ADU.
1401 S Willowbrook Ave is comprised of (1) 4Bed+ 2 Bath
home and (3) 1Bed+1Bath. All units have been remodeled
including flooring, countertops, paint, doors, appliances,
etc. There is also copper plumbing throughout the
building, as well as upgrades to exterior stucco and paint,
wrought iron fencing with sliding security gates, concrete
walkways, decking upstairs and water heaters. Each
tenant has gated parking and large private walk-in
storage rooms accessible through laundry room. Whether
you are an owner/user or investor, this is the perfect
opportunity to break into the real estate market!
5% down, FHA, VA, NACA, All program loans accepted. OM in the supplements. Property is eligible for Community Lending Program which can give $2k-$30K off in closing costs to buy down the rate and allows a buyer to do 3%-5% down.
Location
State CA
County Los Angeles
Area Rp - Compton S Of Rosecrans, E Of Central, W Of Ala
Zoning CORH*
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6163011022
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Government Loan, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Government Loan, VA Loan
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Martin Nguyen • NONMEMBER MRML
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "