For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,335,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,419 sqft
Price per Sqft $314
MLS Listing ID 24426617
Sold Date 10/25/24
Bedrooms 16
HOA Y/N No
Year Built 1930
Lot Size 0.547 Acres
Property Description
8 Single-Story Units on Massive 23,835-SF Lot | Outstanding Opportunity to Add 2 ADUs or Redevelop Property to a 16-Unit Apartment | 8.13% Pro-Forma Cap Rate & 9.33 Pro-Forma GRM | 5.35% Current Cap Rate & 12.74 Current GRM | All 2-Bedroom/1-Bathroom Units | Upgraded Electrical Subpanels Assumable Loan of Approximately $1,039,600 at 3.60% Fixed Until July of 2026 | Located Approximately 1 Mile from SpaceX & Tesla Design Center and 3 Miles from SoFi Stadium & Intuit Dome (NBA Clippers Arena) | Recently Painted Property with New Water-Efficient Landscaping | No Local Rent Control - Defaults to AB 1482 | Ample Outdoor Space & Garage Parking for Tenants | Strong Neighboring Employment: Space X, Tesla, & Aerospace Defense Companies
Location
State CA
County Los Angeles
Area 110 - East Hawthorne
Zoning HAR4*
Interior
Fireplace No
Exterior
Garage Garage
Garage Spaces 8.0
Garage Description 8.0
Parking Type Garage
Total Parking Spaces 8
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4051020032
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Matilda Thomas • Sotheby's International Realty
GET MORE INFORMATION