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1124 S La Verne AVE East Los Angeles, CA 90022
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Key Details
Sold Price $320,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR14198400
Sold Date 06/19/15
HOA Y/N No
Year Built 1923
Tax Year 2013
Lot Size 3,702 Sqft
Property Description
BACK ON THE MARKET! ***Recently Renovated*** ***5.8% Cap Rate*** Fell out of escrow due to repairs (WHICH HAVE BEEN MADE!) This property is perfect for investors with vision or as an income property (live in one unit and rent out the other!) This property has 2 detached units, each with its own parking. Centrally located to DTLA, schools, shopping centers and freeways! Investors can take advantage of the property being zoned as R4 and its development potential. Front unit has been upgraded including: new flooring throughout, upgraded kitchen, fresh paint throughout interior of the unit, and freshly painted trimming in the exterior. Back unit in great condition. A fence divides both units adding more privacy. Rents are below market rate and can be increased to strengthen the investment. Tenants are long-term, reliable tenants on a month-to-month lease. Buyers to verify all information regarding the property. Do not miss out on this up-and-coming neighborhood!
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCR4YY
Interior
Fireplace No
Exterior
Parking Features Assigned
Garage Spaces 1.0
Carport Spaces 1
Garage Description 1.0
Pool None
Community Features Suburban
Utilities Available Sewer Available
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard
Story One
Entry Level One
Water Public
Level or Stories One
Others
Tax ID 5245008025
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing FHA
Special Listing Condition Standard
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Bought with Thomas Rios • TNG Real Estate Consultants