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Listed by Sandra Balentan, DRE #01729779 • COLDWELL BANKER LEADERS
$699,999
Est. payment /mo
6,026 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV26154450
Year Built 1954
Lot Size 6,026 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
PRICE REDUCTION! MOTIVATED SELLER! GREAT INVESTMENT OPPORTUNY! Well-maintained 4-unit property consisting of 3 separate buildings, offering excellent income potential. Each unit features 1 bedroom, 1 bathroom, interior laundry, and wall heaters. Property offers ample parking with a large front driveway and additional parking behind the wrought-iron gate. Excellent opportunity to increase rental income! The occupants of 1715 1/2 have indicated a willingness to relocate, potentially providing the new owner an opportunity to stablish a new rental rate upon lawful vacancy, subject to applicable rent-control and tenancy laws. Current gross monthly rental income is approximately $4,389, with potential for increased income. Property features 4 separate electric meters and 4 separate gas meters, with tenants paying their respective usage. Additional yard/grass area may offer future development or ADU potential, subject to buyer verification of zoning, permits, and local requirements. Great opportunity for an investor looking to expand their portfolio or a buyers seeking a multi-unit property with long-term income and value-add potential. Buyer to verify all rents, tenancy information, permits, square footage, zoning, and development potential.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Other
Exterior
Parking Features Other
Pool 31, None
View None
Roof Type Shingle
Building
Lot Description Corners Marked
Story One Story
Foundation Concrete Slab
Water District - Public
Others
Tax ID 6009019030
Special Listing Condition Not Applicable
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