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Key Details
Sold Price $3,525,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW14009218
Year Built 1961
Lot Size 0.618 Acres
Property Description
Drive-by only. Do not enter property without first making an appointment. Manager will report any individuals that enter property as there have been issues with buyer's trespassing without an appointment.
The property sits directly adjacent to one of the city's newest housing developments on Park Avenue and Park Place, as well as the 96-acre South Gate Park which is the recreational epicenter of the city. There is also new commercial development planned directly across the street along Atlantic Boulevard, which is expected to further revitalize the area and bring additional employment. The property features a swimming pool, securitized access and parking, new air conditioning units and laundry facilities. Most of the unit interiors have been remodeled under the current ownership, and the property features copper plumbing. The roof has also been replaced along with the two 100-gallon water heaters. This leaves simple exterior cosmetic improvements for a new owner to add value with and increase rents. The property was built in 1961 and has had the same owner for the past 13 years. Parking consists of open parking in the rear of the property with ample additional parking along Atlantic Avenue.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Exterior
Pool Community
Community Features Curbs, Pool
Utilities Available Sewer Available
Building
Story Two
Water Public
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Paul Calvo • Paul Calvo