$1,420,000
$1,490,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
5,060 SqFt
SOLD DATE : 09/07/2021
Key Details
Sold Price $1,420,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,060 sqft
Price per Sqft $280
MLS Listing ID 20673064
Sold Date 09/07/21
HOA Y/N No
Year Built 1957
Lot Size 6,098 Sqft
Acres 0.14
Property Description
The building has a beautiful new exterior which means the new owner can achieve higher rents as units turn. One unit has been 100% renovated and converted into a 2+1 unit with new plumbing, new kitchen, bathroom, floors, electrical, cooling and heating system. The 1+1s can all be converted into 2+1s by adding barn doors and the 3+2 may converted in to a 3+3 with in unit washer/dryer allowing the owner to rent the unit by the room. Market rents are based on this conversion. Owner has available unit conversion plans which may be shared. New owner must do tuck under parking. Buyer has the ability to add a 7th unit by converting a portion of the tuck under parking to an ADU thus creating value while completing the tuck under retrofit which gives the property the potential for 93% upside in rents. One unit can be delivered vacant. Please contact us for an OM. Buyer shall be responsible for their own due diligence.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Exterior
Garage Covered
Parking Type Covered
Building
Story 1
Others
Senior Community No
Tax ID 2240024007
Special Listing Condition Standard
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Bought with Kelly Morgan • Keller Williams-Santa Monica
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "