$499,000
$499,000
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6,159 Sqft Lot
SOLD DATE : 03/29/2019
Key Details
Sold Price $499,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 18385072
Sold Date 03/29/19
Construction Status Updated/Remodeled,Turnkey
HOA Y/N Yes
Year Built 1923
Lot Size 6,159 Sqft
Property Description
Looking for an investment property on the Eastside where you're cash-flow positive with 25% down? Difficult to find in this market. Here is a unique opportunity to get your foot in the door: buy 1/4 of a completely renovated 4-plex, with exclusive rights to one unit. Operating similar to a condo, this set-up affords the novice entry-level investor the opportunity to enter the investment market in LA. Or maybe you're looking to buy an investment property with friends, where you can each live in a unit and share expenses. All units in this 4-plex are for sale, and with 10% down, a mortgage would be less than rent. So, grab your friends, or invest with other like-minded folks and enjoy all the benefits of being a home-owner. This property has undergone a major overhaul and has been completely updated with all new: plumbing, electrical, retrofitted foundation, tankless H20 heater, HVAC, dual-pane windows, kitchen and baths, walls, flooring, appliances including washer/dryer.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR3
Interior
Interior Features High Ceilings, Open Floorplan
Cooling Central Air
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Built-In Range, Dishwasher, Disposal, Gas Oven, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Dryer, Washer
Laundry Inside, Laundry Closet
Exterior
Garage Assigned
Carport Spaces 2
Pool None
Community Features Gated
Amenities Available Other, Water
View Y/N Yes
View City Lights, Landmark
Roof Type Composition
Parking Type Assigned
Total Parking Spaces 2
Private Pool No
Building
Lot Description Corner Lot
Faces West
Story 2
Architectural Style Spanish
Construction Status Updated/Remodeled,Turnkey
Others
Security Features Security Gate,Gated Community,Security Lights
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Javon Davis • HomeSmart Realty Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "