$1,850,000
$1,850,000
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5 Beds
3 Baths
2,449 SqFt
SOLD DATE : 08/18/2023
Key Details
Sold Price $1,850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,449 sqft
Price per Sqft $755
MLS Listing ID 23255541
Sold Date 08/18/23
Bedrooms 5
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1954
Lot Size 5,976 Sqft
Property Description
OWNER USER PROPERTY - All 3 units remodeled and can be delivered vacant or with mid term tenants. Presently rented as mid term (Executive) furnished rentals for $4,500-4,800/month each. Both downstairs units have HUGE PRIVATE YARDS, upstairs unit has private large deck. All units have their own laundry and separate utility meters. Garages currently being used by owners and will be delivered vacant. One garage is being used as a second bedroom for 1 bedroom unit. Roof and skylights less than 2 yrs old with additional 2 inch insulation, all new dual pane PVC Windows and sliding doors, Unit 42 extensively remodeled within the last year with high end finishes including 3 New Split AC units, Tankless Water Heater, upgraded electrical and plumbing, insulation, canned lights, top of the line Samsung Appliances, LG WashTower laundry, marble counter tops, mother of pearl penny tile in bathroom, high end gold fixtures, new top quality cabinets, Kitchen has Alkaline water purifier and opens to a large patio and yard filled with hand picked Hybrid long stem Roses, jasmine and gardenias. Fruit trees include Mango, Guava, Avocado (2), Myer Lemon (2), apple and tangerine. New irrigation system in both back yard and front yard fruit trees. New DG in front yard. 42 yard has landscaping and patio lighting. This is a one of a kind opportunity to purchase a beautiful home (nobody above owner's unit) and 2 rental units on a quiet street in a convenient location close to everything in LA. Sunday Farmers Market and many cafe's/restaurants in the neighborhood. Property can be sold furnished (with some exclusions.) New owner can choose to rent long term or continue furnished rentals at higher rates. This is a turn key property for those who are interested in the mid term rental market. Owners have lovingly maintained property. Appliances and furnishings can be included. Listing Agent is co-owner. Buyers to cooperate with Seller's doing a 1031 Exchange. Will do Sunday open houses 1-4PM. Unit 12044 (downstairs rear) is currently vacant and can be shown, call LA for code.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Interior Features Ceiling Fan(s), Furnished, Recessed Lighting
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Appliance Dishwasher, Gas Range, Microwave, Refrigerator, Water Purifier, Washer
Laundry Outside, Stacked
Exterior
Parking Features Assigned, Driveway
View Y/N Yes
View City Lights
Roof Type Composition
Porch Concrete, Deck, Open, Patio
Total Parking Spaces 3
Building
Faces East
Story 2
Entry Level Two
Foundation Slab
Sewer Other
Architectural Style Bungalow
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4232004050
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard
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Bought with Adam Peterson • CB Richard Ellis, Inc.