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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRWS24164222
Sold Date 12/31/24
Originating Board California Regional MLS
Year Built 1955
Lot Size 5,653 Sqft
Property Description
We are pleased to present a Remarkable 4-Unit Multi-family Asset located in a highly Desirable Investment Area of East Los Angeles. Nestled near the renowned Citadel Outlets Shopping Center and just a few blocks away from the city of Montebello, this is a Great Investment and 1031 Exchange Opportunity that you don't want to miss! This Amazing 4 Units Quadruplex consists of: 2x (2 beds & 1 bath) and 2x (1 bed & 1 bath). The property also includes a private Laundry room, separate Meters, and a Detached 4-Car Garage. Spanning over 5,500sf Corner Lot, this investment opportunity provides ample space for tenants to enjoy onsite open and private yard areas. Each well-kept unit features a spacious living room area, an equipped kitchen, and generously sized bedrooms. Given the longevity of ownership and great long tenants, the future investor can have a significant potential to achieve over 70% Upside in Rental Income. With its combination of Desirable Layout, Prime Location, and Value-Add potential, this asset is poised to deliver exceptional returns to its new owner. This won't last! One of the Unit will be VACANT!!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry In Laundry Room, Laundry Area, Community Facility
Exterior
Parking Features Garage
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 6339006006
Special Listing Condition Not Applicable
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Bought with Shawna Alcala Antonio
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Broker | License ID: 02213637
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