Los Angeles, CA 90065,3516 Arroyo Seco Avenue
Los Angeles, CA 90065,3516 Arroyo Seco Avenue
Los Angeles, CA 90065,3516 Arroyo Seco Avenue
Los Angeles, CA 90065,3516 Arroyo Seco Avenue
Los Angeles, CA 90065,3516 Arroyo Seco Avenue
Los Angeles, CA 90065,3516 Arroyo Seco Avenue
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$1,299,998

$1,395,000

6.8%
Est.Price: ?

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Est. payment /mo

11 Beds

6 Baths

8,193 Sqft Lot


SOLD DATE : 05/08/2024

Key Details

Sold Price $1,299,998

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR23165151

Sold Date 05/08/24

Bedrooms 11

HOA Y/N No

Lot Size 8,193 Sqft

Property Description

This offering presents a four-unit multifamily investment opportunity comprising two detached structures, totaling 4,686 square feet of living space on an 8,193 square foot lot. The property includes a front main house boasting 4 bedrooms and 2.5 bathrooms, available for a future owner/user. This provides the opportunity for an owner/user to reside in the front home while generating income from the three rental units at the rear. Alternatively, one can stabilize the front house and explore the potential of converting the existing two-car garage into an ADU (5th unit) to further expand the income generating potential of this property. The rear structure encompasses three rental units, currently occupied. The first unit features 3 bedrooms and one bathroom across two stories, while the second unit offers an upper 2-bedroom, 1-bath layout. The third unit is on the first level which includes 2 bedrooms and 1 bathroom. Your investment serves as the gateway to the Greater Cypress Park neighborhood, surrounded by the lush greenery of Greaver Oak Park, the enduring charm of Heritage Square, and the diverse recreational options available at Lacy Street Park. Sports enthusiasts will find solace in the proximity of Dodger Stadium, home to the iconic Los Angeles Dodgers. Additionally, Cypress Park boasts a thriving artistic community, evidenced by its stunning street murals and flourishing pottery and art studios. Invest in a neighborhood that nurtures creativity and inspiration, attracting like-minded individuals and potential tenants. Do not let this opportunity pass you by. Seize th
This offering presents a four-unit multifamily investment opportunity comprising two detached structures, totaling 4,686 square feet of living space on an 8,193 square foot lot. The property includes a front main house boasting 4 bedrooms and 2.5 bathrooms, available for a future owner/user. This provides the opportunity for an owner/user to reside in the front home while generating income from the three rental units at the rear. Alternatively, one can stabilize the front house and explore the potential of converting the existing two-car garage into an ADU (5th unit) to further expand the income generating potential of this property. The rear structure encompasses three rental units, currently occupied. The first unit features 3 bedrooms and one bathroom across two stories, while the second unit offers an upper 2-bedroom, 1-bath layout. The third unit is on the first level which includes 2 bedrooms and 1 bathroom. Your investment serves as the gateway to the Greater Cypress Park neighborhood, surrounded by the lush greenery of Greaver Oak Park, the enduring charm of Heritage Square, and the diverse recreational options available at Lacy Street Park. Sports enthusiasts will find solace in the proximity of Dodger Stadium, home to the iconic Los Angeles Dodgers. Additionally, Cypress Park boasts a thriving artistic community, evidenced by its stunning street murals and flourishing pottery and art studios. Invest in a neighborhood that nurtures creativity and inspiration, attracting like-minded individuals and potential tenants. Do not let this opportunity pass you by. Seize the chance to invest in the Cypress Park lifestyle. Contact us today to grasp this prime opportunity within the Cypress Park community!

Location

State CA

County Los Angeles

Area Los Angeles (90065)

Zoning Assessor

Building

Lot Description Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Acceptable Financing Cal Vet, Cash, Exchange

Space Rent $6,304

Listing Terms Cal Vet, Cash, Exchange

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San Diego Regional MLS (SDMLS)
Listed by Michael Ascione • RE/MAX of Santa Clarita
Bought with Andy Hsieh • Millennium Group Realty
agent-avatar

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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