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138 S Alma AVE East Los Angeles, CA 90063
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Key Details
Sold Price $478,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS14120489
Sold Date 04/17/15
HOA Y/N No
Year Built 1914
Tax Year 2013
Lot Size 6,577 Sqft
Property Description
RECENTLY RENOVATED GOOD CONDITION and PRICE REDUCTION! Very high cash flow! Do not miss this opportunity! Live in one and collect rent to cover mortgage. Rent is way below market, great potential to increase rent. All tenants have been there longer than the owner owns the building- at least 12 years. Title profile shows 2 units, 7 beds and 4 bath but the property has been divided into 3 units plus one of the two garages conversion long time ago with unknown permitted or not. Current rent roll is First Floor 138-A, 2 bed 1 bath rented $900, 138-B, 2bed 1bath rented $780. 2nd floor is 4 bed 2 bath rented $1160, additional income from garage conversion 2 bed 1 bath (UPGRADED CONDITION) rented $685, total rental income $3,525. A lot of room to increase rent. Walk 30 seconds to High School. Only one block from Metro Link station. Very convenient location. Easy access to Fwy 60, 710 and 10. No rent control per owner.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Exterior
Parking Features Unassigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Utilities Available Sewer Available
Total Parking Spaces 5
Private Pool No
Building
Story One
Entry Level One
Water Public
Level or Stories One
Others
Tax ID 5232019037
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Sandra Cuevas • Century 21 Allstars