$1,175,000
$1,250,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
9,657 Sqft Lot
SOLD DATE : 01/31/2023
Key Details
Sold Price $1,175,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB22244023
Sold Date 01/31/23
Bedrooms 5
HOA Y/N No
Lot Size 9,657 Sqft
Property Description
Don't miss out on your chance to own two homes on a lot! This property is perfect for a multi-family, an investment property with solid monthly income, or as a primary residence with a chance to hedge part of the mortgage. It currently has one two bedroom home fully remodeled in 2020 and a beautiful large home in the back comprised of 3 bedrooms which was newly built in 2021. Both homes feature up to date kitchens, open floor plans for entertaining, new central air units, energy efficient windows, and newly redone electrical panels. With an almost 10,000 sqft lot both units have ample space and yards. The property sits on a quiet street and is conveniently located near shopping, grocery stores, and near the 101 freeway. Currently tenant occupied homes bring in $6,700 per month (3000 + 3700) and have room for upside. Seller currently has approved plans from the city to also convert the garage into a junior ADU which would allow for even more income on a property that already has terrific cash-flow.
Don't miss out on your chance to own two homes on a lot! This property is perfect for a multi-family, an investment property with solid monthly income, or as a primary residence with a chance to hedge part of the mortgage. It currently has one two bedroom home fully remodeled in 2020 and a beautiful large home in the back comprised of 3 bedrooms which was newly built in 2021. Both homes feature up to date kitchens, open floor plans for entertaining, new central air units, energy efficient windows, and newly redone electrical panels. With an almost 10,000 sqft lot both units have ample space and yards. The property sits on a quiet street and is conveniently located near shopping, grocery stores, and near the 101 freeway. Currently tenant occupied homes bring in $6,700 per month (3000 + 3700) and have room for upside. Seller currently has approved plans from the city to also convert the garage into a junior ADU which would allow for even more income on a property that already has terrific cash-flow.
Location
State CA
County Los Angeles
Area Reseda (91335)
Zoning Assessor
Interior
Cooling Central Forced Air
Building
Lot Description Sidewalks
Story 1
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Monthly Total Fees $30
Acceptable Financing Cash, Conventional, Exchange
Space Rent $3,000
Listing Terms Cash, Conventional, Exchange
Financing Conventional
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Bought with General NONMEMBER • NONMEMBER MRML