$1,200,000
$1,200,000
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10,018 Sqft Lot
SOLD DATE : 12/03/2020
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW20199504
Sold Date 12/03/20
HOA Y/N No
Year Built 1953
Lot Size 10,018 Sqft
Acres 0.23
Property Description
4210 East 61st Street is a 1953 construction with seven one-bedroom units, one of which is non-conforming, that are separately metered for gas and electricity. The property also offers shared on-site laundry, five income-generating single-car garages, eight parking spaces, and a new main water line from the meter to the building.
4210 East 61st Street is well-located in Huntington Park proximate to schools and retail with a WalkScore of 89. The property is just one block from Maywood Academy High School and within four blocks of both Huntington Park Elementary and Nueva Vista Elementary. Tenants also enjoy being within easy walking distance of the grocery stores, dining options, and retail along nearby Atlantic Boulevard.
This offering presents a great opportunity for an investor to acquire an asset in a strong rental market with a history of low vacancy rates and capture 35 percent rental upside.
Location
State CA
County Los Angeles
Area T1 - Vernon, Maywood, Hunt Pk & Bell, N Of Florenc
Zoning HPR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Urban
Total Parking Spaces 13
Private Pool No
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6317012026
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with John Lacey • Crystal Properties