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Key Details
Sold Price $1,650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,387 sqft
Price per Sqft $306
MLS Listing ID 23318065
Bedrooms 11
Year Built 1991
Lot Size 0.265 Acres
Property Description
Unique opportunity to acquire a 100% vacant quadruplex. This four-unit multifamily property, constructed in 1991, offers a rare mix of all large two-bedroom, three-bedroom, and four-bedroom units, each averaging 1,347 square feet. Originally a single-family home on a spacious lot, the property was expanded to four units in total in the 90s and has been under the same ownership for over 30 years. There is currently 1 vacancy, and the remaining below-market tenants have all signed cash-for-keys tenant buyout agreements. The property is expected to be completely vacant by 1/31/24 at the latest, presenting a fantastic value-add investment opportunity. Each unit features a private two-car garage with washer/dryer inside, as well as a private outdoor patio. The back unit's patio (#C) wraps around into a large, grassy backyard.
Location
State CA
County Los Angeles
Area T3 - Bell Gardens, Bell E Of 710, Commerce S Of 26
Zoning BGR3*
Interior
Heating Wall Furnace
Cooling None
Laundry In Garage
Exterior
Parking Features Door-Multi, Garage, Uncovered
Garage Spaces 8.0
Garage Description 8.0
Pool None
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
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Bought with Jake Glaser • Lyon Stahl Investment Real Estate, Inc.