$850,000
$925,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
5,653 Sqft Lot
SOLD DATE : 12/31/2024
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS24164222
Sold Date 12/31/24
Bedrooms 6
HOA Y/N No
Lot Size 5,653 Sqft
Property Description
We are pleased to present a Remarkable 4-Unit Multi-family Asset located in a highly Desirable Investment Area of East Los Angeles. Nestled near the renowned Citadel Outlets Shopping Center and just a few blocks away from the city of Montebello, this is a Great Investment and 1031 Exchange Opportunity that you don't want to miss! This Amazing 4 Units Quadruplex consists of: 2x (2 beds & 1 bath) and 2x (1 bed & 1 bath). The property also includes a private Laundry room, separate Meters, and a Detached 4-Car Garage. Spanning over 5,500sf Corner Lot, this investment opportunity provides ample space for tenants to enjoy onsite open and private yard areas. Each well-kept unit features a spacious living room area, an equipped kitchen, and generously sized bedrooms. Given the longevity of ownership and great long tenants, the future investor can have a significant potential to achieve over 70% Upside in Rental Income. With its combination of Desirable Layout, Prime Location, and Value-Add potential, this asset is poised to deliver exceptional returns to its new owner. This won't last! One of the Unit will be VACANT!!
We are pleased to present a Remarkable 4-Unit Multi-family Asset located in a highly Desirable Investment Area of East Los Angeles. Nestled near the renowned Citadel Outlets Shopping Center and just a few blocks away from the city of Montebello, this is a Great Investment and 1031 Exchange Opportunity that you don't want to miss! This Amazing 4 Units Quadruplex consists of: 2x (2 beds & 1 bath) and 2x (1 bed & 1 bath). The property also includes a private Laundry room, separate Meters, and a Detached 4-Car Garage. Spanning over 5,500sf Corner Lot, this investment opportunity provides ample space for tenants to enjoy onsite open and private yard areas. Each well-kept unit features a spacious living room area, an equipped kitchen, and generously sized bedrooms. Given the longevity of ownership and great long tenants, the future investor can have a significant potential to achieve over 70% Upside in Rental Income. With its combination of Desirable Layout, Prime Location, and Value-Add potential, this asset is poised to deliver exceptional returns to its new owner. This won't last! One of the Unit will be VACANT!!
Location
State CA
County Los Angeles
Area Los Angeles (90022)
Zoning Public Rec
Building
Lot Description Corner Lot, Curbs, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $170
Acceptable Financing Cash, Conventional
Space Rent $650
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Shawna Alcala Antonio • Manna Realty
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