$1,100,000
$1,125,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
4,726 Sqft Lot
SOLD DATE : 02/23/2024
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23186367
Sold Date 02/23/24
HOA Y/N No
Year Built 1919
Lot Size 4,726 Sqft
Property Description
***Huge Price Drop - Robust Cash Flow!!***
Situated in a prime location, this 4-unit property is the perfect blend of comfort and lucrative investment potential. The property features a spacious 3-bedroom, 1-bath unit, complemented by three 2-bedroom, 1-bath units. Key improvements have been made, including updated electrical panels in 2020 and new windows installed three years prior. All units are equipped with washer/dryer hookups, have a reinforced foundation, and feature spacious living areas. An added perk is the front yard for the front tenants.
Enjoy the benefits of prime walkability! This location is conveniently close to local shopping and eateries.
A significant advantage of this property is its proximity, a mere 4 miles, to the anticipated West Harbor's 42-acre development. Slated for completion in 2025, this ambitious project will comprise a diverse mix of restaurants, retail establishments, offices, and a picturesque waterfront promenade accentuated with an amphitheater. Backed by a $53.7 million budget, the city's plan includes a sprawling 30-foot promenade, an animated town square, state-of-the-art restrooms, contemporary docks, and meticulous landscaping. Major financial commitments from The Ratkovich Company and Jerico Development, amounting to $160 million, power this vision. The project's inception was marked with a groundbreaking ceremony on November 12, 2022. For a deeper dive into the harbor expansion details, visit www.lawaterfront.org/invest/current-port-projects.
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning LAC2
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Range
Laundry Inside
Exterior
Garage On Street
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Parking Type On Street
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7454005034
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing FHA
Special Listing Condition Standard
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Bought with Harold Noriega • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "