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Key Details
Sold Price $790,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR24110139
Sold Date 08/07/24
HOA Y/N No
Year Built 1959
Lot Size 4,416 Sqft
Property Description
Exceptional opportunity to acquire a true VALUE-ADD investment property with a +/-58% upside potential. This cozy property consists of two duplexes situated on a uniquely shaped lot with minimal maintenance. Each unit features a 2bed/1bath, four tandem parking spaces, and garden space. This property is located in a highly desirable Northeast Los Angeles historic corridor of Cypress Park with easy access to the 110 freeway, Heritage Square Gold Line Metro station, shopping, local eateries, schools, and recreation. A savvy investor with a value add strategy will be able to take advantage of the steadily rising rental rates in the area with future renovation. This 4-unit property has the ability to lock in 30-year fixed debt, and up to a 75% LTV. Could be great for a first-time buyer or owner occupant! Seller may consider carrying!
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LARD1.5
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Dog Park, Park, Sidewalks
Private Pool No
Building
Lot Description 2-5 Units/Acre, Irregular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5446027023
Acceptable Financing Cash, Cash to New Loan, Owner May Carry, Private Financing Available
Listing Terms Cash, Cash to New Loan, Owner May Carry, Private Financing Available
Financing VA
Special Listing Condition Standard
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Bought with Whenrica McAfee • Excellence RE Real Estate