$4,335,000
$4,225,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
0.39 Acres Lot
SOLD DATE : 05/17/2022
Key Details
Sold Price $4,335,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW22038033
Sold Date 05/17/22
HOA Y/N No
Year Built 1963
Lot Size 0.389 Acres
Property Description
Built in 1963 the subject property consists of (9) one bedroom/one bath units and (8) two bedroom/one bath units. Property amenities include an onsite laundry facility, carports, and wall A/C. All of the units are individually metered for electricity and gas. Carport roofs and second story walkway decking were recently replaced. Units 1, 4 and 11 will be delivered vacant and in non-rent ready condition allowing the purchaser to renovate the units and achieve the highest market rent available.
With the property being located in Unincorporated Los Angeles County the property is subject to Rent Stabilization Ordinance (RSO) which is a local law setting the maximum annual rent increases to an annual cap of 3 percent and provides tenants protections from evictions without just cause. The Supervisors controlling Unincorporated areas of Los Angeles County recently extended the rent freeze for all areas of Unincorporated Los Angeles County until December 31st, 2022.
Location
State CA
County Los Angeles
Area 670 - Whittier
Zoning LCR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 17
Pool None
Community Features Gutter(s), Sidewalks
Total Parking Spaces 17
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8163006014
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Kenneth Morgan • Morgan Skenderian
"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