East Los Angeles, CA 90063,138 S Alma AVE

$478,000

Est. payment /mo

$518,000

7.7%
Est.Price: ?

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138 S Alma AVE East Los Angeles, CA 90063

6,577 Sqft Lot

SOLD DATE : 04/17/2015

Key Details

Sold Price $478,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS14120489

Sold Date 04/17/15

HOA Y/N No

Year Built 1914

Tax Year 2013

Lot Size 6,577 Sqft

Property Description

RECENTLY RENOVATED GOOD CONDITION and PRICE REDUCTION! Very high cash flow! Do not miss this opportunity! Live in one and collect rent to cover mortgage. Rent is way below market, great potential to increase rent. All tenants have been there longer than the owner owns the building- at least 12 years. Title profile shows 2 units, 7 beds and 4 bath but the property has been divided into 3 units plus one of the two garages conversion long time ago with unknown permitted or not. Current rent roll is First Floor 138-A, 2 bed 1 bath rented $900, 138-B, 2bed 1bath rented $780. 2nd floor is 4 bed 2 bath rented $1160, additional income from garage conversion 2 bed 1 bath (UPGRADED CONDITION) rented $685, total rental income $3,525. A lot of room to increase rent. Walk 30 seconds to High School. Only one block from Metro Link station. Very convenient location. Easy access to Fwy 60, 710 and 10. No rent control per owner.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Fireplace No

Exterior

Parking Features Unassigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs

Utilities Available Sewer Available

Total Parking Spaces 5

Private Pool No

Building

Story One

Entry Level One

Water Public

Level or Stories One

Others

Tax ID 5232019037

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by CHARLES C L FANN • IRN REALTY
Bought with Sandra Cuevas • Century 21 Allstars

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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