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Key Details
Sold Price $895,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID SB21038087
Sold Date 04/01/21
Construction Status Building Permit,Updated/Remodeled
HOA Y/N No
Year Built 1922
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Rare Investment opportunity located in Historic Craftsman Village!
Fantastic corner lot location consisting of a traditional Craftsman home with beautiful architectural lines & a gracious front porch on Walnut Ave., along with a recently remodeled Duplex consisting of 2 (1x1) Units plus a separate studio located on the 9th st side of the lot.
So many possibilities, along with a huge upside potential on the rents! All of these have long term tenants of 3 plus years or more. This could go as an owner user who would want to remodel the House and live in it, or for the investor looking for a nice addition to their portfolio, or for the investor who would want to remodel the front house as well as the studio for resale. Multi unit remodels in the area are going up right now due to the lack of inventory. This really is a must see as these do not hit the market very often.
The Duplex was fully remodeled in 2015 with permits. Please note that interior photos are of the duplex upon its remodel prior to being occupied.
There is also a fully transferable Oil & Gas lease that will provide approx $2000 annually of passive income.
Showings will be conducted on weekends only, so call listing agent to schedule your showing today.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Rooms
Ensuite Laundry In Kitchen
Interior
Interior Features Coffered Ceiling(s), Granite Counters, Laminate Counters, All Bedrooms Down
Laundry Location In Kitchen
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Dryer, Washer
Laundry In Kitchen
Exterior
Garage Unassigned
Garage Spaces 2.0
Garage Description 2.0
Fence Chain Link
Pool None
Community Features Park, Storm Drain(s), Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition,Flat,Shingle
Parking Type Unassigned
Total Parking Spaces 2
Private Pool No
Building
Lot Description Corner Lot, Front Yard, Near Public Transit, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories Two
New Construction No
Construction Status Building Permit,Updated/Remodeled
Others
Senior Community No
Tax ID 7267019007
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Scott Niles • Elements Real Estate
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