$1,580,000
$1,799,000
12.2%For more information regarding the value of a property, please contact us for a free consultation.
0.33 Acres Lot
SOLD DATE : 10/21/2024
Key Details
Sold Price $1,580,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24154695
Sold Date 10/21/24
Construction Status Fixer
HOA Y/N No
Year Built 1954
Lot Size 0.325 Acres
Property Description
It's here… Your Multi-unit Investment Opportunity awaits!! We have a 4,100 sq ft quadruplex available on a decent sized 14,160 sq ft lot in desired Monterey Park! Addresses included in sale on this property are: 533, 535, 537 and 539 Elizabeth Avenue. The units consist of (1) 3 bedroom / 1 bath larger 2 story unit and (3) 2 bedroom / 1 bath smaller 1 story units. Each unit has been individually maintained over the years and have their own individual private backyards. Additionally, some of the units have been upgraded with granite counter tops, wood floors, cabinets, pavers, etc… All units are currently rented on month to month leases with rents below average rental prices for the area so this features great upside potential. Each unit has 1 spot inside the 2 double garages (total of 4 spots) plus additional driveway & street parking as well. Whether you're a seasoned investor looking to diversify your portfolio, or someone new to real estate investment, this property is waiting for you. This property is close to Downtown LA, shopping, restaurants, parks, schools, public transportation and freeways! DRIVE BY ONLY!! DO NOT DISTURB TENANTS!
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Zoning MPR2YY
Rooms
Other Rooms Shed(s)
Interior
Interior Features Ceiling Fan(s), Storage
Heating Space Heater, See Remarks, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, See Remarks, Tile, Wood
Fireplaces Type Family Room
Fireplace Yes
Appliance Built-In Range, Free-Standing Range, Gas Cooktop, Disposal
Laundry In Kitchen
Exterior
Parking Features Door-Multi, Driveway, Garage Faces Front, Garage, Paved, Storage
Garage Spaces 4.0
Garage Description 4.0
Fence Block, Chain Link, Wood
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected
View None
Roof Type Composition
Accessibility None
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Level, Rectangular Lot, Yard
Faces South
Story 2
Entry Level Two
Foundation Raised, See Remarks
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Additional Building Shed(s)
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 5258016019
Security Features Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Trust
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Bought with Calvin Wong • HomeSmart, Evergreen Realty