View Park, CA 90008,4267 S Victoria Ave
View Park, CA 90008,4267 S Victoria Ave
View Park, CA 90008,4267 S Victoria Ave
View Park, CA 90008,4267 S Victoria Ave
View Park, CA 90008,4267 S Victoria Ave
View Park, CA 90008,4267 S Victoria Ave
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$1,100,000

$1,119,000

1.7%
Est.Price: ?

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Est. payment /mo

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

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TheMLS (CLAW)
Listed by Universal Asset Mngmt & Inv.
Bought with Compass
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1610 R Street, Sacramento, California, 95811, United States

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