$1,100,000
$1,119,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
2,390 SqFt
SOLD DATE : 06/18/2024
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,390 sqft
Price per Sqft $460
MLS Listing ID 24-373793
Sold Date 06/18/24
Style Spanish
Bedrooms 5
Construction Status No Additions/Alter, Repair Cosmetic
Year Built 1936
Lot Size 6,952 Sqft
Acres 0.1596
Property Description
Location, location, location. This is a major value add or owner occupy opportunity in this Spanish style duplex, two separate units w no common wall and its own private yard in the historical View Park neighborhood. Whether owner occupied, short term or long terms hold investors this incredible value opportunity is right here. this is a dream scenario for owner occupiers. Obtain a lower rate via residential financing, live in a gorgeous home, & have the other tenant contribute to the mortgage: the most economical way to live in LA! Plus, with potential to add an ADU. For owner users to enhance their investment, the owner, their parents, or children plan to reside in the larger downstairs unit for a two-year period, they can take possession of the unit. This can be accomplished by providing the tenant with a 60-day notice & paying a relocation fee of $18,971.00. Once the two-year residency requirement is met, the owner has the option to release the unit at the market rent to a third party, which would result in an increase in overall value & also have an opportunity to update units and maximize return value on rent. If you are an investor looking for a strong return & major appreciation potential, this property checks that box as well surrounded by multimillion dollar homes with a new list 5 doors down for 2m showing what can be done in premier neighborhood. The units have maintained all of its Spanish character. They boast spacious floor plans, plentiful windows letting in ample natural lighting, hardwood flooring, original arches, breakfast nooks, service area with their own washer and dryer hook ups and access to their own private backyards. A new roof and new sewer line was put in a year ago. Between the ideal central location and the unbeatable curb appeal, this property is your chance to own a stable asset in LA that we predict will increase in value year after year.
Location
State CA
County Los Angeles
Area Park Hills Heights
Zoning LCR1*
Rooms
Other Rooms Other
Dining Room 1
Kitchen Ceramic Counters, Counter Top, Galley Kitchen, Tile Counters
Interior
Interior Features Coffered Ceiling(s), Detached/No Common Walls, Plaster Walls, Furnished
Heating Wall, Fireplace, Wood, Wall Gas
Cooling None
Flooring Mixed, Hardwood, Laminate, Vinyl Tile, Wood Laminate, Wood, Ceramic Tile
Fireplaces Type Living Room, Gas, Gas and Wood, Wood Burning
Equipment Garbage Disposal, Gas Dryer Hookup, Washer, Refrigerator, Range/Oven, Microwave, Dryer, Cable
Laundry Laundry Area, Inside, In Unit
Exterior
Garage Detached, Driveway, Covered Parking, Garage - 2 Car, Driveway - Concrete
Garage Spaces 2.0
Pool None
Amenities Available None
View Y/N No
View None
Roof Type Clay, Flat, Spanish Tile
Building
Lot Description Lawn, Front Yard, Lot Shape-Rectangular, Utilities - Overhead, Street Asphalt, Single Lot, Sidewalks, Walk Street, Yard, Back Yard, Fenced Yard, Fenced
Foundation Raised
Sewer In Street
Water District, Public
Architectural Style Spanish
Level or Stories One
Structure Type Hard Coat, Plaster, Stucco
Construction Status No Additions/Alter, Repair Cosmetic
Schools
School District Los Angeles Unified
Others
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
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 Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1610 R Street, Sacramento, California, 95811, United States