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Key Details
Sold Price $827,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,938 sqft
Price per Sqft $426
MLS Listing ID CV21118182
Sold Date 08/11/21
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1946
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Two homes on a lot. Large lot zoned R3. Property has plenty of space for a third unit. Front house has one car garage with a storage space above. Two spacious bedrooms with two bathrooms, bedrooms have a spacious walk-in closets. Laminate wood flooring throughout. Living area is spacious and has open floor plan between the dinning Room and living room. Smooth ceilings throughout. Some newer windows.
Second house is a two bedroom one bath. Driveway is wide, you can park two cars wide on the side of the house with plenty of room. Lots of potential for expansion or third unit. Current rents are less than half of current value. Current rents market value has possibility to bring cap rate to 6% plus!!!
Location
State CA
County Los Angeles
Area 619 - El Monte
Zoning EMR3YY
Rooms
Ensuite Laundry Inside, In Carport
Interior
Laundry Location Inside,In Carport
Heating None
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Inside, In Carport
Exterior
Garage Driveway Level, Door-Single, Driveway, Garage Faces Front, Garage, RV Potential, Side By Side
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Curbs
View Y/N No
View None
Parking Type Driveway Level, Door-Single, Driveway, Garage Faces Front, Garage, RV Potential, Side By Side
Total Parking Spaces 3
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 8106013015
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with KITTY LEE • K & D CONSULTANT INC.