$3,700,000
$3,995,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
5,416 SqFt
SOLD DATE : 02/04/2022
Key Details
Sold Price $3,700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,416 sqft
Price per Sqft $683
MLS Listing ID SB21217686
Sold Date 02/04/22
HOA Y/N No
Year Built 1924
Lot Size 7,501 Sqft
Acres 0.1722
Property Description
917 Lincoln Blvd is a value add 6-unit building located north of Wilshire Boulevard in one of the premier residential neighborhoods in the Country. The two buildings consist of 5,416 SF of living space situated on a large 7,500 SF lot. The property offers a great unit mix consisting of (4) 3-Bed/2.5-Bath, (1) 2-Bed/2-Bath, and (1) 1-Bed/1-Bath. The property also features an on-site laundry facility and (5) 1-car garages with the potential to convert two of the garages into a 1-bedroom ADU (buyer to verify). Four of the six units have been partially gutted, and the property will be sold in as-is condition.
Located exactly 7 blocks from the 3rd Street Promenade, this is an incredible opportunity for any investor seeking growth, stability, and a hedge against inflation.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Sewer PublicSewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4281033020
Acceptable Financing CashtoNewLoan
Listing Terms CashtoNewLoan
Financing CashtoLoan
Special Listing Condition Standard
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Bought with David Condon • David Michael Condon