East Los Angeles, CA 90022,1124 S La Verne AVE

$320,000

Est. payment /mo

$325,000

1.5%
Est.Price: ?

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1124 S La Verne AVE East Los Angeles, CA 90022

3,702 Sqft Lot

SOLD DATE : 06/19/2015

Key Details

Sold Price $320,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR14198400

Sold Date 06/19/15

HOA Y/N No

Year Built 1923

Tax Year 2013

Lot Size 3,702 Sqft

Property Description

BACK ON THE MARKET! ***Recently Renovated*** ***5.8% Cap Rate*** Fell out of escrow due to repairs (WHICH HAVE BEEN MADE!) This property is perfect for investors with vision or as an income property (live in one unit and rent out the other!) This property has 2 detached units, each with its own parking. Centrally located to DTLA, schools, shopping centers and freeways! Investors can take advantage of the property being zoned as R4 and its development potential. Front unit has been upgraded including: new flooring throughout, upgraded kitchen, fresh paint throughout interior of the unit, and freshly painted trimming in the exterior. Back unit in great condition. A fence divides both units adding more privacy. Rents are below market rate and can be increased to strengthen the investment. Tenants are long-term, reliable tenants on a month-to-month lease. Buyers to verify all information regarding the property. Do not miss out on this up-and-coming neighborhood!

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCR4YY

Interior

Fireplace No

Exterior

Parking Features Assigned

Garage Spaces 1.0

Carport Spaces 1

Garage Description 1.0

Pool None

Community Features Suburban

Utilities Available Sewer Available

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard

Story One

Entry Level One

Water Public

Level or Stories One

Others

Tax ID 5245008025

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing FHA

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Andrew Picasso • MCAB Holdings, Inc.
Bought with Thomas Rios • TNG Real Estate Consultants

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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