$1,550,000
$1,500,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
8 Baths
6,053 SqFt
SOLD DATE : 10/24/2024
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,053 sqft
Price per Sqft $256
MLS Listing ID 24-443531
Sold Date 10/24/24
Bedrooms 10
Year Built 1948
Lot Size 0.459 Acres
Acres 0.4593
Property Description
We are proud to present this exceptional investment opportunity: an 8-unit multi-family property located in the heart of Glassell Park! The seller is open to carrying financing for qualified buyers. This property features 100% single-story units spread across an expansive 20,002 square-foot lot. Seven of the eight units were constructed between 1948 and 1952, while one unit dates back to 1921.The property comprises five detached buildings, offering (6) 1-bedroom, 1-bath units, (1) 2-bedroom, 1-bath unit, and (1) 2-bedroom, 1-bath unit with a den. Totaling approximately 6,053 rentable square feet, the property also includes both carport/2 car garage and ample on-site parking for tenants. The property is individually metered for Water, Gas, and Electric, allowing for minimal landlord expenses. For the savvy investor, there's significant value-add potential, including the possibility of adding ADUs, with an estimated upside of 135% (buyer to verify feasibility). The property is zoned RD2-1-CDO-HCR.Situated in the vibrant core of Glassell Park, this property boasts a walk score of 76, meaning most daily errands can be done on foot. It's strategically positioned near Glendale, Atwater Village, Highland Park, and Eagle Rock, and just minutes from Silver Lake, Echo Park, and Downtown LA.**Disclosure:** Buyers are encouraged to conduct thorough due diligence, including verification of building square footage, lot size, legal bedroom/bathroom count, parking, unit mix, year built, zoning, market rents, and ADU or additional unit feasibility.**PLEASE DO NOT DISTURB TENANTS OR WALK ON THE PROPERTY-DRIVE BY ONLY**
Location
State CA
County Los Angeles
Area Glassell Park
Zoning LARD2
Rooms
Other Rooms Other
Interior
Heating Other
Cooling Wall Unit(s)
Equipment None
Exterior
Parking Features Carport, Garage - 2 Car
Garage Spaces 8.0
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Remax Commercial and Investment Realty