This property is Off-Market

1531 N Herbert Ave
Los Angeles, CA 90063 ·

2 Units · Multifamily For Sale

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IN ESCROW-Remodeled Duplex, No Rent Control

Price N/A Cap Rate 5.49%
No. Units 2 Occupancy 100%
Building Size 1,240 SF No. Stories 1
Property Type Multifamily Year Built 1920
Property Sub-type
Duplex/Triplex/Fourplex
More...
  • Garden/Low-Rise
Lot Size 5,872 SF
Property Use Type Investment APN / Parcel ID 5224-023-032
Commission Split 2.5%
Listing ID: 17479052 Date Created: 01/10/2012 Last Updated: 10/16/2012

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.

Highlights

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

Research

1531 N Herbert Ave, Los Angeles, CA 90063 (Los Angeles County)

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