For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-13915
Year Built 1961
Lot Size 7,196 Sqft
Property Description
Excellent investment opportunity in La Mirada! This two-story building offers 6 units with spacious floor plans and ample storage. All units are 2 bedrooms, 1 Bathroom and are metered separately for gas and electricity. The property has great curb appeal, a grassy courtyard, seven garage spaces, two carport parking spaces, and shared laundry facilities. The building offers an attractive cap rate of 3.89% and a favorable GRM of 15.87. This property is well-located on a quiet cul-de-sac street with front and back access to the property. The property has an alley entrance from the rear, allowing tenants and guests to conveniently enter the premises. The location also offers close proximity to schools, shopping centers, hospitals, and parks.
Location
State CA
County Los Angeles
Area M3 - La Mirada
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Carport, Garage
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Sidewalks
View Y/N No
View None
Building
Story Two
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Yehia Zakaria • Century 21 Jervis & Associates