Los Angeles, CA 90065,3130 Arvia Street
Los Angeles, CA 90065,3130 Arvia Street
Los Angeles, CA 90065,3130 Arvia Street
Los Angeles, CA 90065,3130 Arvia Street
Los Angeles, CA 90065,3130 Arvia Street
Los Angeles, CA 90065,3130 Arvia Street
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$1,200,000

$1,200,000

Est.Price: ?

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Est. payment /mo

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

Parking Features 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

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San Diego Regional MLS (SDMLS)
Listed by Maricruz Veloz • Coldwell Banker George Realty
Bought with Sammy Lyon • Dow Capital
agent-avatar

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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