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Key Details
Sold Price $780,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19538672
Sold Date 02/13/20
HOA Y/N No
Year Built 1956
Lot Size 6,799 Sqft
Property Description
Rare Opportunity in booming Jefferson Park. Ideal for Fix/Flip Investor or Owner Occupant looking to make the smart buy in area undergoing major influx of investment; attractive given its location halfway between DTLA and the Westside. Now linked by Expo Line, and soon the Crenshaw Line, area residents will enjoy an easy commute by car or public transit to DTLA, LAX, employment centers, shopping, and museums, including the upcoming George Lucas Museum of Narrative Art at Exposition Park. This two-unit, two-story building was once four units. It sits on a prime 6,800 Sf, R2, TOC Tier 3 Lot with rentable sq footage of 3,231. Boasting ten (10) bedrooms and four (4) bathrooms, this duplex is the best deal you will find on the market in the area. Huge upside in lease rates upon unit turnover and renovation. Individually metered for gas and electricity, ample on-site parking. To be delivered 50% occupied, but at this price relocation assistance is an investment. Owners are ready to sell.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Driveway, One Space, Uncovered
Building
Story 2
Others
Senior Community No
Tax ID 5041006029
Special Listing Condition Standard
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Bought with Seong Kelly Chong • Dream Realty Asset Mgt, Inc.