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Key Details
Sold Price $825,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR18064363
Sold Date 05/23/18
HOA Y/N No
Year Built 1964
Property Description
Condo-Style 4plex, all 4 units have been remodeled with tile flooring, new wall heaters, 2 units with upgraded electrical and new exterior paint! Total 4 Huge units, TWO 2 Bed/1.5 baths (2-story condo-style units) and TWO 800-900 sqft 1 Bed/1 bath Condo-style units. Total 6 large single-car parking garage with new garage doors about 2 years old, each unit is assigned one-car garage. Extra 2 garages can be rent out as extra parking income. Laundry room on property, laundry hook-up installed. Currently occupied by on-site property manager, can be use for extra laundry income. Property can park an additional 7 more cars, totaling 13 parking spaces. This property is located in a prime location, conveniently located near Lynwood Shopping Plaza, restaurants and school. Easily rent out, fully occupied. No Rent control, minimal maintenance. Net Income about $46,228 AFTER New Tax, 5.6% cap rate! Rents are low now, and have lots of room to go up, plus extra garage rental and laundry incomes!
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYC3*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Street Lights
Total Parking Spaces 6
Private Pool No
Building
Lot Description Walkstreet
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Senior Community No
Tax ID 6170038012
Energy Description 100.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Danny Hy • Coldwell Banker George Realty