Historical Multifamily Sale Listing - IN ESCROW-Remodeled Duplex, No Rent Control

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IN ESCROW-Remodeled Duplex, No Rent Control

1531 N Herbert Ave, Los Angeles, CA 90063

N/A

2 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
2
Building Size:
1,240 SF
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Additional Sub-types:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
5.49%
Occupancy:
100%
No. Stories:
1
Year Built:
1920
Lot Size:
5,872 SF
APN / Parcel ID:
5224-023-032
Listing ID
17479052
Last Updated
over 1 year ago

Highlights

  • Renovated in 2010, Low Maintainance
  • Non Rent Control
  • Motivated Seller
  • Good City Terrace Location
  • Gas & Electricity Separately Metered
  • Ample On Site Parking

Description

KW Commercial is pleased to present this non rent control investment opportunity in the City Terrace neighborhood of East LA. The property was extensively renovated in 2010 with new improvements including new: roof, windows, doors, interiors, appliances, fixtures, copper plumbing, and laminate floors. The electrical system was upgraded as well. The property is comprised of two 2+1 units each with their own laundry hookups. One unit is currently paying $1,200 and the other $1,250. Both units are individually metered for gas and electricity. The property is situated on a 5,872 SF lot zoned R4 and has 6 parking spaces. The duplex is conveniently located near the 710, 10, and 5 FWYs. It is also minutes away to Cal State LA, USC/LAC Hospital, and a Metrolink station. The seller would consider vacating one of the units for an owner occupied buyer. Buyer to verify all information.

Located in the City Terrace neighborhood. Minutes to Cal State LA and USC/LAC Hospital.

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Created 1/10/2012