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Key Details
Sold Price $1,850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,404 sqft
Price per Sqft $420
MLS Listing ID 21720048
Sold Date 07/30/21
HOA Y/N No
Year Built 1959
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Clean 6 unit building in a phenomenal rental location just north of California State University Long Beach, in the Los Altos Area. A high barrier to entry single family home buyer market where the average priced home sells for over $875,000. This beautiful property sits on 6,568 square feet of land and has 4,408 square feet of building space. Built in 1959, the unit mix is comprised of (2) 2-bed / 1-bath and (4) 1-bed / 1-bath units. The parking consists of (5) single-car garages and (1) open space, in addition to an on-site laundry facility for added tenant convenience. With the current rents being over 50% below the market, there is a tremendous amount of rental upside for a new owner.
Location
State CA
County Los Angeles
Area 34 - Los Altos, X-100
Zoning LBR4R
Interior
Cooling None
Fireplace No
Appliance Disposal, Refrigerator
Exterior
Garage Door-Single, Garage, One Space
Parking Type Door-Single, Garage, One Space
Building
Story 2
Others
Senior Community No
Tax ID 7226014032
Special Listing Condition Standard
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Bought with Anthony Walker • Buckingham Investments, Inc.
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