$995,000
$995,000
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4,987 Sqft Lot
SOLD DATE : 02/26/2025
Key Details
Sold Price $995,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25003293
Sold Date 02/26/25
HOA Y/N No
Year Built 1922
Lot Size 4,987 Sqft
Property Sub-Type Quadruplex
Property Description
4-Unit Turnkey property to be delivered FULLY VACANT by close of escrow.
Updated electrical and new
copper plumbing. The building features one 2-
bed/1-bath unit and three 1-bed/1-bath units, with
all 4 units delivered vacant, offering a prime
opportunity for an investor or owner-occupier.
4 uncovered parking spaces in the rear can be
converted to two stacked ADUs. With this addition,
the cap rate jumps from an already attractive
8.26% to an impressive 13.31%, offering substantial
returns.
For investors, this is a cash cow with the ability to
stabilize and generate significant cash flow. For
owner-users, it's a perfect opportunity to occupy
one unit, have two units cover your mortgage, and
enjoy pure profit from the fourth unit. Don't miss this
rare chance to maximize value in a sought-after
area!
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Biking, Dog Park, Park, Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5107014021
Acceptable Financing Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA
Listing Terms Cash to Existing Loan, Cash to New Loan, Conventional, Contract, 1031 Exchange, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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