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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS24164222
Sold Date 12/31/24
HOA Y/N No
Year Built 1955
Lot Size 5,654 Sqft
Property Description
We are pleased to present a Remarkable 4-Unit Multi-family Asset located in a highly Desirable Investment Area of East Los Angeles. Nestled near the renowned Citadel Outlets Shopping Center and just a few blocks away from the city of Montebello, this is a Great Investment and 1031 Exchange Opportunity that you don't want to miss! This Amazing 4 Units Quadruplex consists of: 2x (2 beds & 1 bath) and 2x (1 bed & 1 bath). The property also includes a private Laundry room, separate Meters, and a Detached 4-Car Garage. Spanning over 5,500sf Corner Lot, this investment opportunity provides ample space for tenants to enjoy onsite open and private yard areas. Each well-kept unit features a spacious living room area, an equipped kitchen, and generously sized bedrooms. Given the longevity of ownership and great long tenants, the future investor can have a significant potential to achieve over 70% Upside in Rental Income. With its combination of Desirable Layout, Prime Location, and Value-Add potential, this asset is poised to deliver exceptional returns to its new owner. This won't last! One of the Unit will be VACANT!!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LCR3YY
Interior
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot, Walkstreet, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6339006006
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard, Trust
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Bought with Shawna Alcala Antonio • Manna Realty
Lakeshia's passion for real estate and her love for California are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in California.
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