$1,450,000
$1,495,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
5,227 Sqft Lot
SOLD DATE : 05/18/2018
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V0-218003744
Sold Date 05/18/18
HOA Y/N No
Year Built 1928
Lot Size 5,227 Sqft
Property Description
Well maintained 1928 built 6-unit apartment complex located on a corner lot in a quiet neighborhood of Pico Rivera. No rent control. Only 1 block away from Home Depot anchored Crossroads Plaza shopping center and on same street as newly built homes offered for sale at $699,000. Consists of 2-story 4plex in front with (4) 2BD/ 1BA units and duplex in rear with (2) 1BD/ 1 BA units situated over (2) 2-car garages. 2 water heaters, 7 electric meters and 5 gas meters (owner pays gas for tenants in duplex and laundry usage). Garages currently rented out, tenants park on street. Onsite laundry room with 2 sets of owners supplied washer/dryers. Over $125k spent on capital improvements in recent years including: exterior stucco and paint, dual pane windows, new sewer and water lines, electrical rewire, new water heaters, exterior stairways, metal garage doors, brick walkway and bathrooms remodeled. $8,300/month current rents, market rents approximately $9,500. 5.0% CAP rate on pro forma rents.
Location
State CA
County Los Angeles
Zoning PRSF*
Interior
Flooring Carpet
Fireplace No
Appliance NoHotWater
Laundry CommonArea
Exterior
Garage Spaces 4.0
Garage Description 4.0
Total Parking Spaces 4
Building
Lot Description CornerLot
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 6377002016
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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