$1,550,000
$1,649,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
7,196 Sqft Lot
SOLD DATE : 07/27/2023
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-13915
Sold Date 07/27/23
Bedrooms 8
HOA Y/N No
Lot Size 7,196 Sqft
Property Description
Excellent investment opportunity in La Mirada! This two-story building offers 6 units with spacious floor plans and ample storage. All units are 2 bedrooms, 1 Bathroom and are metered separately for gas and electricity. The property has great curb appeal, a grassy courtyard, seven garage spaces, two carport parking spaces, and shared laundry facilities. The building offers an attractive cap rate of 3.89% and a favorable GRM of 15.87. This property is well-located on a quiet cul-de-sac street with front and back access to the property. The property has an alley entrance from the rear, allowing tenants and guests to conveniently enter the premises. The location also offers close proximity to schools, shopping centers, hospitals, and parks.
Excellent investment opportunity in La Mirada! This two-story building offers 6 units with spacious floor plans and ample storage. All units are 2 bedrooms, 1 Bathroom and are metered separately for gas and electricity. The property has great curb appeal, a grassy courtyard, seven garage spaces, two carport parking spaces, and shared laundry facilities. The building offers an attractive cap rate of 3.89% and a favorable GRM of 15.87. This property is well-located on a quiet cul-de-sac street with front and back access to the property. The property has an alley entrance from the rear, allowing tenants and guests to conveniently enter the premises. The location also offers close proximity to schools, shopping centers, hospitals, and parks.
Location
State CA
County Los Angeles
Area La Mirada (90638)
Zoning Public Rec
Interior
Cooling Wall/Window
Building
Lot Description Sidewalks
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Space Rent $17,100
Financing Cash
Read Less Info
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Bought with Yehia Zakaria • Century 21 Jervis & Associates