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Key Details
Sold Price $3,925,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW19248918
Sold Date 04/22/20
HOA Y/N No
Year Built 1960
Lot Size 0.440 Acres
Property Description
Live Oak Apartments, a 15-unit apartment building located in San Gabriel, CA. Built in 1960; the property offers (4) studio units, (3) 1-bedroom units, (8) 2-bedroom units. This well-located property is just a block away from the San Gabriel Country Club. Community amenities include covered and open parking, and an onsite laundry facility. The units feature granite counter-tops, A/C wall units, stainless sinks, and wall heating. Live Oak Apartments offers an investor the opportunity to purchase an income producing asset with over 12% upside in rents and a 5.0% cap rate on market rents.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning SLR3YY
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5367015008
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Jack Chang • Berkshire Hathaway HomeServices California Properties
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