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Key Details
Sold Price $1,630,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID SB19121206
Sold Date 12/24/19
HOA Y/N No
Year Built 1929
Lot Size 6,098 Sqft
Property Description
Huge 6,613 square foot adobe style 8 unit building. Unit mix consists of (5) 1-bed/1-bath and (3) 2-bed/1-bath units. The units feature a mixture of hardwood floors, spacious dimensions, and various vintage built-ins and finishes. The building captures the essence of an ideal multifamily investment with great cash flow in an ideal rental market. Offered at over a 5% cap rate, paired with one of the lowest ppsf on the market, this is not an asset to miss!
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR2N
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7269031011
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Alicia Enrique • Keller Williams Palos Verdes