$975,000
$1,000,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
6,969 Sqft Lot
SOLD DATE : 10/15/2020
Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW20196044
Sold Date 10/15/20
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1923
Lot Size 6,969 Sqft
Property Description
Great opportunity for this well producing bungalow-style triplex in a prime Bluff Heights location. Units have been recently updated, units are fully occupied with paying tenants and has been professionally managed. All the windows, in all 3 units have been updated to dual pane vinyl windows, the exterior has all recently and front has been beautifully landscaped. Unit 370 is a 2 bed/1 bath 750 sq/ft with it's own private backyard oasis and laundry hookups in the garage . The front two units (372 & 372 1/2) share a beautiful oversized front porch, perfect for relaxing and enjoying the neighborhood. Unit 372 is a 1 bed/1 bath 650 sq/ft with beautiful hardwood floors, new contemporary paint, ceiling fans and most recently updated with fully renovated kitchen with new designer cabinets, granite countertops, new overhead vent hood, new tile flooring, new sink and new hardware. Unit 372 1/2 is a 1 bed/1 bath 650 sq/ft with remodeled open kitchen with granite countertops, new sink and fixtures as well as beautiful dark hardwood floors throughout. Strong 15 GRM and accurate 4.5% cap rate factoring last 12 months actual expenses and new tax amount!!! Rent Roll is attached under supplements. These units are well maintained, professionally managed and ready to make you some money. Ideal location, located within walking distance to local shops, cafes, and the beach. Please do not disturb tenants. *Interior photos on listing were taken before tenants moved in.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR2A
Interior
Flooring Carpet, Wood
Fireplace No
Laundry In Garage
Exterior
Garage On Street
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
View None
Parking Type On Street
Total Parking Spaces 1
Private Pool No
Building
Lot Description Sprinklers In Front
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 7257014013
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac
Financing Cash
Special Listing Condition Standard
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Bought with Hoyt Hochman • Hoyt Hochman, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "