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Key Details
Sold Price $1,015,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,710 sqft
Price per Sqft $374
MLS Listing ID 21780348
Sold Date 03/10/22
HOA Y/N No
Year Built 1924
Lot Size 6,542 Sqft
Acres 0.1502
Property Description
Opportunity Zone Located Investment in East Hollywood. Upside potential on rents. Existing triplex with city approval to construct an ADU in garage to make this a 4 unit property. Even without the garage, there is plenty of parking for each unit on this 6,541 sq ft lot. The upstairs unit is spacious and has 2 bedrooms and views. The downstairs units are well laid out with 1 bedroom and 1 bath each. The triplex is in need of updating but has much of the solid wood cabinetry, solid wood floors and original fixtures which is what we are discovering that many Eastside Seekers want. The building has newer copper plumbing, water heaters, dual-pane windows, and sewer line work. Foundational piers and post tuneup was performed. Even though, the property recently passed the periodic L.A. City Housing inspection with no outstanding or flagged items, it is being marketed as a fixer and therefore being sold as-is for land value. Proximity to restaurants, shops, LA City College and Metro Red Line. The existing tenants have been excellent tenants and paid rent all through COVID with no excuses or problems at all. Owner is not interested to offer compensation to any of the legacy tenants to vacate or propose cash for keys. If any potential Buyer wishes this scenario, they would do so after close of escrow and not during escrow. Please do not approach or make contact with the tenants.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD2
Interior
Cooling None
Flooring Wood
Fireplace No
Exterior
Garage Assigned
Parking Type Assigned
Total Parking Spaces 7
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 5540006015
Special Listing Condition Standard
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Bought with Christopher Lim • Christopher Lim