$815,000
$850,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
7,840 Sqft Lot
SOLD DATE : 03/09/2021
Key Details
Sold Price $815,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB21006380
Sold Date 03/09/21
HOA Y/N No
Year Built 1956
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Three (3) unit, single-story building built in 1956 with four (4) enclosed garage spaces. Offered at a 5.12% cap rate, this property delivers an excellent return from day one, with the ability to increase cash flow by increasing rents to market. The spacious 3 BD/2BA unit is currently rented well below market. All units larger than average featuring one (1), 1BD/1BA, one (1), 2BD/1BA and one (1) 3 BD/2BA with approximately 1,800 SF of living space. The 2 BD/1BA unit can be delivered vacant at the close of escrow. At $268/sq. ft., the property is offered below the average price/sq. ft. for recent comparable sales in the area. Big fenced patio with secure gate shared with the adjacent fourplex. Professionally managed, well maintained, and several units have been recently upgraded. Close to nearby St. Emydius Catholic Church, schools, St Francis Medical Center and the popular Plaza Mexico Shopping Center. The building can be purchased together or separate from the adjacent fourplex located at 3552 Brenton Ave. MLS# SB21006639
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3YY
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup
Interior
Interior Features All Bedrooms Down
Laundry Location Washer Hookup,Gas Dryer Hookup
Heating Central
Fireplace No
Appliance Disposal, Gas Range
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Roof Type Shingle
Parking Type Assigned
Total Parking Spaces 4
Private Pool No
Building
Lot Description Front Yard
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6191015002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Sunny Choi • T.N.G. Real Estate Consultants