UPDATED:
12/05/2024 02:52 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24244146
HOA Y/N No
Year Built 1930
Lot Size 4,987 Sqft
Property Description
rent ready. Updated electrical and new copper
plumbing. The building features one 2-bed/1-bath
unit and three 1-bed/1-bath units, with 3 of the 4
units delivered vacant by close, offering a prime opportunity
for an investor or owner-occupier.
4 uncovered parking spaces in the rear can be
converted to two stacked ADUs. With this addition,
the cap rate jumps from an already attractive
7.29% to an impressive 12.63%, offering substantial
returns.
For investors, this is a cash cow with the ability to
stabilize and generate significant cash flow. For
owner-users, it’s a perfect opportunity to occupy
one unit, have two units cover your mortgage, and
enjoy pure profit from the fourth unit. Don’t miss this
rare chance to maximize value in a sought-after
area!
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Biking, Street Lights, Suburban, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, FHA, Owner May Carry
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, FHA, Owner May Carry
Special Listing Condition Standard
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Scott Woodburn
Real Estate Professional Knowledge Broker | License ID: 01185194
Real Estate Professional Knowledge Broker License ID: 01185194