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Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR21200924
Year Built 1941
Lot Size 5,963 Sqft
Property Description
Investment properties in this prime location rarely come on the market. This corner lot, R-3 zoned, Toluca Lake fourplex has been in one family for over 40 years. Walk to the Aeirloom Bakery for breakfast, Trader Joe’s and all the great eateries are just down the block. Universal and Warner Bros Studios are nearby and Hollywood is just over the hill. This is a golden opportunity for an owner-user or investor to own a clean four-unit property AND achieve market rents from day one! Recently painted and refreshed, three of the four units are being delivered vacant. Lushly planted with pleasant views from dual pane windows, pride of ownership is evident. Owner users can purchase this property with a low down payment!
There are 3 one-bedroom units and 1 two-bedroom unit plus 4 one-car garage spaces.
Units are separately metered for gas and electricity.
The units offer spacious floor plans with hardwood floors, oven-ranges, plenty of storage, and wall-unit air conditioning and all the charm that comes only with a property built in the 1940’s.
Nearby 134, 101 and 170 freeways let you travel wherever you want to go.
How many times have you heard “Location, Location, Location?” This is it!
Location
State CA
County Los Angeles
Area Tul - Toluca Lake
Zoning LAR3
Interior
Heating FloorFurnace
Cooling None
Flooring Wood
Fireplaces Type None
Laundry CommonArea
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
View Y/N No
View None
Building
Lot Description FrontYard
Story 2
Sewer PublicSewer
Water Public
New Construction No
Others
Acceptable Financing Cash, CashtoNewLoan, Conventional
Listing Terms Cash, CashtoNewLoan, Conventional
Special Listing Condition Trust
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Bought with Edwin Ordubegian • Coldwell Banker Hallmark