$1,450,000
$1,489,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
7,862 Sqft Lot
SOLD DATE : 07/05/2023
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS23038143
Sold Date 07/05/23
HOA Y/N No
Year Built 1962
Lot Size 7,862 Sqft
Property Description
All leases are month to month and rents can be increased right after close. Excellent investment opportunity! Monterey Park City prime and high demanded rental area, ± 3800 SQFT buildings on a ± 7864 SQFT lot, total four very spacious and bright units. Ideal for living in one and collect rents on others. The front detached one-story single house has 3 bedrooms and 1.75 bathrooms with a private backyard ($1,800/month). The back two-story building has three 2 bedrooms 1 bathroom units ($1,330/month, $1,380/month, and $1,200/month), each one has a private balcony and shared big front patios. Six carport plus tandem total ten parking spaces, on-site laundry, separated electric and gas meters. Well maintained and very easy to manage. The rents are noticeably below market, offer investors over 37% upside potential. Flyer is attached in the supplements section. Very close to Brightwood Elementary School, Sunnyslopes Park, and East Los Angeles College; belonging to the famous Mark Keppel High School; just minutes away from Freeway 60, 710, and 10; only 5 miles away from Downtown Los Angeles. Walking distance to Atlantic Blvd commercial corridor, which has groceries, pharmacy stores, banks, restaurants, various shops, public transportations, and much more. Drive by only, do not disturb tenants, they don’t know the sale.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR3*
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 6
Pool None
Community Features Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description Corner Lot
Sewer Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 5253013031
Energy Description 1398.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with DORESA WANG • Palm International Real Estate Inc.
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