$2,300,000
$2,499,999
8.0%For more information regarding the value of a property, please contact us for a free consultation.
5,662 Sqft Lot
SOLD DATE : 06/01/2021
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB20257630
Sold Date 06/01/21
HOA Y/N No
Year Built 1958
Lot Size 5,662 Sqft
Property Description
This is a gorgeous 7-unit building available in the heart of Montrose. Built in 1958, with 5,028 square feet of living space. These seven units are made up of two 2/1 and five 1/1. The complex also contains plenty of onsite parking and its own laundry area. This is an amazing opportunity for an investor looking for a building with great rent upside potential in a high-end area. Located walking distance to Honolulu with plenty of restaurants, entertainment, and shopping. The area has always been a prime rental market due to the community and the ability to enroll in top rated area schools. With easy access to the 2 and 210 freeways it allows for convenient commuting.
Location
State CA
County Los Angeles
Area 635 - La Crescenta/Glendale Montrose & Annex
Zoning GLR4YY
Interior
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Garage Carport, Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Foothills, Golf, Street Lights, Suburban, Sidewalks
Parking Type Carport, Garage
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot, Front Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5615015004
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with ALBERT HAIRAPETIAN • ARBITRAGE REAL ESTATE GROUP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "