$1,390,000
$1,400,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
6,164 SqFt
SOLD DATE : 10/13/2021
Key Details
Sold Price $1,390,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,164 sqft
Price per Sqft $225
MLS Listing ID 21774136
Sold Date 10/13/21
Construction Status RepairsCosmetic
HOA Y/N No
Year Built 1965
Lot Size 6,751 Sqft
Acres 0.155
Property Description
The Casa Vanowen Apartments were built in 1965, is a two story walk-up with parking, carports and laundry located in the rear of the building. This is the first time since 1969 that this property has been on the market and offers an investor the opportunity to reposition the asset thereby increasing the value significantly. Rents are considerably below market, this offers an investor long term benefit with significant cash flow increases as rents are adjusted upwards. the earthquake retrofit has been completed, rents have been adjusted with the tenants portion included in the income. Seller is currently awaiting approval for this legal increase. Inside with an accepted offer. Do not disturb tenants. They don't know the property is for sale.
Location
State CA
County Los Angeles
Zoning LAR3
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Appliance Disposal
Laundry Inside
Exterior
Garage DetachedCarport
Carport Spaces 7
Parking Type DetachedCarport
Total Parking Spaces 8
Building
Lot Description FrontYard
Faces North
Story 2
Entry Level MultiSplit
Sewer SewerTapPaid
Level or Stories MultiSplit
New Construction No
Construction Status RepairsCosmetic
Others
Senior Community No
Tax ID 2237005002
Financing Cash
Special Listing Condition Standard
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Bought with Michael Dixon • NAI Capital, Inc.
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "