Bought with Calvin Wong • HomeSmart, Evergreen Realty
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Key Details
Sold Price $1,580,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,100 sqft
Price per Sqft $385
MLS Listing ID CRCV24154695
Sold Date 10/21/24
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Heating Space Heater, Wall Furnace, See Remarks
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Carpet, Wood, See Remarks
Fireplace No
Laundry In Kitchen
Exterior
View Other, None
Parking Type Other, Garage Faces Front
Building
Lot Description Level, Other, Back Yard, Front Yard, Landscape Misc
Water Public
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