$1,275,000
$1,275,000
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SOLD DATE : 06/02/2016
Key Details
Sold Price $1,275,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV16089533
Sold Date 06/02/16
HOA Y/N No
Year Built 1952
Property Description
The subject property is a well-maintained 4-unit apartment building with a 4-unit retail/office building. The 2 buildings are situated on the same 7,094 SF lot, with the apartment complex located at 2468-2474 El Molino Ave, & the commercial building located at 848 Marcheta St. Built in 1960, this 2-story apartment building consists of 2, 2-bed/1-bath units and 2, 2 bed/ 1-bath units with an approximate total of 3,264 rentable SF. Select units have been upgraded with wood & tile flooring, granite countertops, new kitchen appliances, & newly upgraded bathrooms. All of the units are individually metered for gas & electricity. The owner is responsible for water, trash, & common area electricity & gas expenses. The property features carport parking for each unit and an on-site laundry facility. Originally constructed in 1952 and recently renovated, the single-story commercial building consists of 4 fully occupied retail/office units with a total square footage of 1,250. The building was recently renovated with a new roof, electrical panel, wood flooring, paint, upgraded bathrooms, and a central air conditioner. The owner is responsible for the commercial tenant’s electricity and gas. The subject property has not been offered on the market in 20 years.
Location
State CA
County Los Angeles
Area 604 - Altadena
Interior
Fireplace No
Building
Lot Description 6-10 Units/Acre
Water Public
Others
Tax ID 5845018003
Acceptable Financing Submit
Listing Terms Submit
Financing Trust Deed
Special Listing Condition Standard
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Bought with EDWARD PAN • MARCUS & MILLICHAP