$1,342,000
$1,395,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
8,359 Sqft Lot
SOLD DATE : 03/06/2023
Key Details
Sold Price $1,342,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22254542
Sold Date 03/06/23
HOA Y/N No
Year Built 1963
Lot Size 8,359 Sqft
Property Description
We are pleased to exclusively offer for sale this 4 unit multi-family investment located in East Whittier. This large 8,357 SF lot is strategically positioned in an extremely low inventory submarket where only (1) other multi-family property has sold within 1 mile of the subject property in the last (3) years. The building features an excellent unit mix of (4) 2 Bed/1.5 Bath townhouse style units for a total rentable square footage of 4,402. Each tenant has access to garage parking with (6) garage spaces in total. In addition, all (4) units have their own private patio and have access to a communal laundry room that generates an additional $80/mo. Further, there is an owner’s storage unit that can also be leveraged as additional income. Priced at a current 3.77% CAP Rate with an achievable rent upside of 60% and Market CAP Rate of 7.22%, this offering provides strong Day 1 income figures with the potential for future growth.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LCR3*
Interior
Interior Features Ceiling Fan(s), Laminate Counters, All Bedrooms Up
Heating Electric
Cooling Electric
Flooring Carpet, Tile
Fireplaces Type None
Fireplace No
Appliance Electric Cooktop, Electric Oven, Freezer, Microwave, Refrigerator, Water Heater
Laundry Common Area
Exterior
Garage Garage, On Site, Garage Faces Rear
Garage Spaces 6.0
Garage Description 6.0
Fence Average Condition, Stone, Wood
Pool None
Community Features Biking, Golf, Gutter(s), Park, Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Front Yard, Lawn, Sprinkler System, Yard
Story Two
Entry Level Two
Sewer Private Sewer
Water Private
Architectural Style Patio Home
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8035016031
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Jigar Shah • Century 21 Discovery
"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