$1,299,998
$1,395,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
8,193 Sqft Lot
SOLD DATE : 05/08/2024
Key Details
Sold Price $1,299,998
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23165151
Sold Date 05/08/24
HOA Y/N No
Year Built 1964
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 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 Cypk - Cypress Park
Zoning LARD2
Interior
Heating Central
Fireplace No
Laundry In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks, Urban
Total Parking Spaces 6
Private Pool No
Building
Lot Description Front Yard, Garden, Landscaped, Near Public Transit, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5446023014
Acceptable Financing Cash, Cash to New Loan, Cal Vet Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Cal Vet Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Andy Hsieh • Millennium Group Realty
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REALTOR® | Lic# 01314776