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Key Details
Sold Price $790,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR24110139
Sold Date 08/07/24
Bedrooms 8
HOA Y/N No
Lot Size 4,418 Sqft
Property Description
Exceptional opportunity to acquire a true VALUE-ADD investment property with a +/-58% upside potential. This cozy property consists of two duplexes situated on a uniquely shaped lot with minimal maintenance. Each unit features a 2bed/1bath, four tandem parking spaces, and garden space. This property is located in a highly desirable Northeast Los Angeles historic corridor of Cypress Park with easy access to the 110 freeway, Heritage Square Gold Line Metro station, shopping, local eateries, schools, and recreation. A savvy investor with a value add strategy will be able to take advantage of the steadily rising rental rates in the area with future renovation. This 4-unit property has the ability to lock in 30-year fixed debt, and up to a 75% LTV. Could be great for a first-time buyer or owner occupant! Seller may consider carrying!
Exceptional opportunity to acquire a true VALUE-ADD investment property with a +/-58% upside potential. This cozy property consists of two duplexes situated on a uniquely shaped lot with minimal maintenance. Each unit features a 2bed/1bath, four tandem parking spaces, and garden space. This property is located in a highly desirable Northeast Los Angeles historic corridor of Cypress Park with easy access to the 110 freeway, Heritage Square Gold Line Metro station, shopping, local eateries, schools, and recreation. A savvy investor with a value add strategy will be able to take advantage of the steadily rising rental rates in the area with future renovation. This 4-unit property has the ability to lock in 30-year fixed debt, and up to a 75% LTV. Could be great for a first-time buyer or owner occupant! Seller may consider carrying!
Location
State CA
County Los Angeles
Area Los Angeles (90031)
Zoning Assessor
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Others
Monthly Total Fees $35
Acceptable Financing Cash, Seller May Carry
Space Rent $899
Listing Terms Cash, Seller May Carry
Financing VA
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