$1,200,000
$1,200,000
For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
10,401 Sqft Lot
SOLD DATE : 10/10/2024
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW24014239
Sold Date 10/10/24
Bedrooms 5
HOA Y/N No
Lot Size 10,401 Sqft
Property Description
VERY COMPETITIVE PRICE IMPROVEMENT!! ATTENTION AGENTS & developers - Seller is motivated and ready to entertain your offer!! Incredible and rare opportunity to acquire income property in a highly sought-after neighborhood. Cypress Park, named one of LA's hottest real estate neighborhoods by The LA Times and LA Weekly. Every unit within this five-unit property has its unique style and character. The front 2-bedroom, 1-bath home is spacious, quaint, and offers a sense of privacy. Surrounded by manicured gardens and separate fencing, it creates a tranquil and independent residence. The remaining four units consist of two separate duplexes, all featuring one-bedroom, one-bath units. Every unit is comfortable and comes with its own front porch and rear access. Step outside to find cozy sitting areas and shady trees with paths that lead you around the property. All units are well-maintained, providing residents with a clean and functional living experience. Each unit is also individually metered for gas and electricity, ensuring efficiency in operating costs. The generously sized lot of 10,401 sq ft offers countless possibilities for developers or investors focused on long-term returns. The backyard includes a detached outbuilding that could be converted into additional living space, presenting great potential to increase the property's value (Buyer to verify with the City of LABS for feasibility). These units are located in a high-demand rental area and have significant upside rent potential. Beyond the property, residents can explore the thriving neighborhood with great shops l
VERY COMPETITIVE PRICE IMPROVEMENT!! ATTENTION AGENTS & developers - Seller is motivated and ready to entertain your offer!! Incredible and rare opportunity to acquire income property in a highly sought-after neighborhood. Cypress Park, named one of LA's hottest real estate neighborhoods by The LA Times and LA Weekly. Every unit within this five-unit property has its unique style and character. The front 2-bedroom, 1-bath home is spacious, quaint, and offers a sense of privacy. Surrounded by manicured gardens and separate fencing, it creates a tranquil and independent residence. The remaining four units consist of two separate duplexes, all featuring one-bedroom, one-bath units. Every unit is comfortable and comes with its own front porch and rear access. Step outside to find cozy sitting areas and shady trees with paths that lead you around the property. All units are well-maintained, providing residents with a clean and functional living experience. Each unit is also individually metered for gas and electricity, ensuring efficiency in operating costs. The generously sized lot of 10,401 sq ft offers countless possibilities for developers or investors focused on long-term returns. The backyard includes a detached outbuilding that could be converted into additional living space, presenting great potential to increase the property's value (Buyer to verify with the City of LABS for feasibility). These units are located in a high-demand rental area and have significant upside rent potential. Beyond the property, residents can explore the thriving neighborhood with great shops like Golden Poppy Market, Loquat Coffee, or tasty originals like the first-ever King Taco! Nearby is Rio de Los Angeles State Park with easy access to the LA River Bike Path. Whether you're an artist, a food enthusiast, or someone who appreciates a lively community, this property invites you to experience the best of it all. Located close to public transportation, Downtown Los Angeles, and Dodger Stadium. Come envision the untapped potential of this remarkable investment property!
Location
State CA
County Los Angeles
Area Los Angeles (90065)
Zoning Public Rec
Interior
Heating Natural Gas
Cooling Wall/Window
Appliance Floor Furnace
Exterior
Exterior Feature Stucco
Garage Unit1:Gated
Building
Lot Description Sidewalks
Story 1
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, FHA
Space Rent $624
Listing Terms Cash, Conventional, FHA
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Sammy Lyon • Dow Capital