$2,450,000
$2,639,999
7.2%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 08/09/2019
Key Details
Sold Price $2,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW19121452
Sold Date 08/09/19
Construction Status Turnkey
HOA Y/N No
Year Built 1963
Lot Size 0.280 Acres
Property Description
5.9 CAP RATE & 10.4 CASH ON CASH !!! GREAT INCOME PERFORMING COMPLEX - This 10 unit multi-family complex with extensive capital expenditures and over $400,000 in capital improvements that Consisting of a very open and spacious layout, each unit has with brand new electrical, plumbing, all windows, walls, can provide a detailed list of all work done including, brand new custom kitchen cabinets with matching nutmeg granite counter, with new garbage disposal, faucet, bathroom vanity's, fixtures, doors. knobs, half mirrored closet doors, recessed lighting, lighted nickel platted fan and more. each unit also comes with there own recently purchased, stainless steel refrigerator, stove with oven and overhead microwave range. Safety and security is a top priority by providing a secure keyed entry, and remote gated access for all community vehicles to and from assigned carport space for each apartment. The complex also provides a community laundry area with brand new owner owned coin-operated washer and dryer machines that come with a 3 years service warranty. Balerno Castle also is offering it's limited warranty on roof, plumbing, electrical, and mechanical, with options for extensions please ask agent for additional information from listing agent. Don't miss out this opportunity to own in one of the few non rent control city's in Los Angeles county. "DON'T FORGET TO REVIEW THE PURCHASE ANALYSIS"
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning CORM*
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance ENERGY STAR Qualified Appliances, Gas Cooktop, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
Laundry Common Area, Inside, See Remarks
Exterior
Parking Features Carport
Carport Spaces 10
Pool None
Community Features Storm Drain(s), Suburban, Gated
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Total Parking Spaces 10
Private Pool No
Building
Lot Description 6-10 Units/Acre, Front Yard, Garden, Sprinklers In Front, Landscaped, Near Public Transit, Rectangular Lot, Sprinklers Timer, Sprinkler System
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 6180008024
Security Features Gated Community,Smoke Detector(s),Security Lights
Energy Description 5088.0
Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange, Freddie Mac
Green/Energy Cert Solar
Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange, Freddie Mac
Financing Assumed
Special Listing Condition Standard
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Bought with Isaac Rosales • Berkshire Hathaway H.S.C.P.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States