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Listed by Tim Chen • Tim Chen, Broker
$1,100,000
Est. payment /mo
3,478 SqFt
UPDATED:
12/10/2024 10:16 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,478 sqft
Price per Sqft $316
MLS Listing ID CRAR24246565
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1923
Lot Size 7,002 Sqft
Property Description
This property has multiple opportunities because the units are very large. They are one bedrooms with a separate dining room which can be kept as a dining room, used as a family room or made into a second bedroom. One of the units is currently vacant so any buyer could occupy the unit and collect income from the remaining three units or renovate the unit and bring it up to market income. The tenants are well under market rent so there is a huge upside potential. There is a communal yard area that could be used for the development or upgraded to create a beautiful shared space for the tenants to enjoy. Units also have a large balcony/yard area that adds to the value of the rentals. With the ADU ordinances, the property may be allowed to add up to two additional units but buyer to verify the possibility of adding any ADUs to the property.
Location
State CA
County Los Angeles
Interior
Heating None
Cooling No Air Conditioning
Flooring Carpet
Fireplace No
Laundry No Hookups
Building
Lot Description Other
Water Public
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