$6,700,000
$7,200,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
0.57 Acres Lot
SOLD DATE : 12/18/2020
Key Details
Sold Price $6,700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Addition #1 To Oneonta Park
MLS Listing ID 20629128
Sold Date 12/18/20
HOA Y/N No
Year Built 1956
Lot Size 0.570 Acres
Acres 0.57
Lot Dimensions Assessor
Property Description
1170 Huntington Drive represents a very rare offering; available For Sale for the first time in 23 years, this 20-unit multi-family asset, originally built in 1956, consistently benefits from 100% occupancy and features a favorable unit mix of spacious & bright 1 and 2 bedroom units. The R3-zoned lot sprawls 25,262 SF and sits proudly on a prominent corner location, close to endless lifestyle, shopping and dining amenities. Nine 1-bedroom, 1-bathroom units, and eleven 2-bedroom, 1-bathroom units are spread throughout the 2-story, center courtyard designed building, featuring a large swimmers pool and sun-filled decks in the middle. Many of the units are tastefully updated w/ modern touches and desirable aesthetics. Professionally managed, the asset features separate utility meters, parking + additional storage for all residents, a common-area laundry room and open-air walk-ways. An Investor can benefit from approximately 20% upside in rents, allowing for accelerated future growth.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Zoning SPR310000*
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Interior Features Storage
Laundry Location Common Area,Laundry Room
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Disposal, Gas Oven
Laundry Common Area, Laundry Room
Exterior
Garage Assigned, Covered, Carport, Detached Carport, Driveway, Garage, Tandem
Carport Spaces 19
Pool Community, Fenced, In Ground
Community Features Pool
View Y/N Yes
View Courtyard, Pool
Roof Type Composition,Shingle
Parking Type Assigned, Covered, Carport, Detached Carport, Driveway, Garage, Tandem
Total Parking Spaces 19
Private Pool No
Building
Lot Description Landscaped, Rectangular Lot
Faces East
Story 2
Entry Level Two
Foundation Raised
Architectural Style Traditional
Level or Stories Two
Others
Senior Community No
Tax ID 5319037001
Security Features Carbon Monoxide Detector(s),Fire Detection System,Resident Manager,Smoke Detector(s)
Financing Cash
Special Listing Condition Standard
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Bought with Mark MacFarlane • Vimvi California