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Key Details
Sold Price $1,899,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IN14137336
Sold Date 08/26/14
HOA Y/N No
Year Built 1961
Tax Year 2013
Lot Size 9,583 Sqft
Property Description
ONCE IN A LIFETIME OPPORTUNITY. Family owned building hitting the market for the first time ever! This 10 unit trophy income property has substantially low rents with tremendous upside potential and no rent control. The owners have meticulously maintained the property over the years and have kept many of the tenants in place for over ten years. Great curb appeal with lush landscaping and a sunny courtyard as you enter the building and brand new street paving on Eshelman Ave. Recent upgrades include updated plumbing throughout, a new water heater, new washers/dryers, automated sprinklers, and landscaping. There are seven 1 bed/1 bath units and three 2 bed/1 bath units all currently occupied under market value. Centrally located near schools, parks, shopping, and easy access to freeways. Please do not walk on property or disturb tenants...MOTIVATED SELLERS, SUBMIT ALL OFFERS!
Location
State CA
County Los Angeles
Area 121 - Lomita
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Garage Carport
Carport Spaces 15
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
Utilities Available Sewer Available
Parking Type Carport
Total Parking Spaces 15
Private Pool No
Building
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 7376022002
Acceptable Financing Submit
Listing Terms Submit
Financing Cash,Cash to New Loan
Special Listing Condition Standard
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Bought with Andrew Tseng • The Real Estate Group