Los Angeles, CA 90043,4932 ARLINGTON AVE

$560,000

$599,000

6.5%
Est.Price: ?

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Est. payment /mo

4,948 Sqft Lot


SOLD DATE : 12/22/2015

Key Details

Sold Price $560,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 15960929

Sold Date 12/22/15

HOA Y/N No

Year Built 1931

Lot Size 4,948 Sqft

Property Description

Cash machine! Attractive triplex in peaceful area near Leimert Park. Sale price $599,000, GSI = $53,460, GRM = 11.20, Cap Rate = 8.21. Amazing low expenses due to Seller upgrades and value add. All three of the units have been completely rehabbed, with new floors, granite countertops, kitchen cabinets, carpets, doors, bathrooms, baths, sinks, and more. The jewel in the crown is the 2BD/1BA Craftsman style front house, which has been renovated to replicate the original interior architecture. FRONT UNIT TO BE DELIVERED VACANT OR RENTED! Stable, long-term tenants (1+ years). Exceptionally low monthly costs and tenants pay ALL utilities. 200 sq. foot bonus room and washer/dryer located in front unit. Expanded driveway. Major landscaping (includes conversion to complete drought-tolerant pants and top of the line artificial turf resulting in considerable water savings). Driveway gate. Private patio with each unit. Side yard for BBQ. On-site parking for 3 cars or more. This is a cash cow!

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR1

Interior

Flooring Wood

Fireplaces Type Decorative

Fireplace Yes

Appliance Disposal, Dryer, Washer

Exterior

Parking Features Driveway

Total Parking Spaces 3

Building

Lot Description Sprinklers None

Story 2

Architectural Style Craftsman

Others

Tax ID 5015029003

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Andrew Watkins • Keller Williams Realty Pacific
Bought with Scott Harvey • Figure 8 Realty
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