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Key Details
Sold Price $773,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID DW22092591
Year Built 1939
Lot Size 4,944 Sqft
Property Description
This, South Wrigley location is near shopping, public transportation, and services. Only a few doors away from Long Beach Boulevard, which is a major street in the area. Has undergone significant renovations, with the redevelopment of new retail centers, office buildings, and housing, along this thoroughfare. This new redevelopment has sparked a renewed interest in the immediate area, whereby increasing commerce and property values.
This property provides an investor the chance to own a well-located tri-plex with rent upside and added value. The property consists of all one-bedroom/one units measuring over 780 sq. ft. All three units are separately metered for gas & electricity. Each unit has its own hot water heater. The property owner pays for water/trash and there is a house meter for electricity which feeds exterior lighting. Parking is provided by three, private garages and three open spaces, for a total of six off-street parking spaces.
In summary, the property is well located and offers large units which are separately metered for utilities and great off-street parking. Added value opportunity through minor property upgrades and significant rental upside.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBPD29
Interior
Laundry Common Area
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
Building
Lot Description Front Yard
Story Two
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Bought with Navy Ortiz • Bronwyn Realty Inc