Los Angeles, CA 90043,7222 9th AVE

$415,000

$429,000

3.3%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 12/22/2016

Key Details

Sold Price $415,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB16189184

Sold Date 12/22/16

HOA Y/N No

Year Built 1957

Property Description

BOM buyer didn't perform... Don't miss out on this fantastic value-add investment opportunity with two detached homes that will both be delivered vacant at COE!!! This duplex features a front 2 bedroom 1 bath detached house ($1,600/mth market), and then there's a rear detached 1 bedroom 1 bath house ($1,300/mth market). At the $429,000 asking price, the property is only $214,500/unit; a 12.33 current GRM; a 4.86% current CAP Rate; and $342/Sq. Ft. There's 1,255 total rentable sq. ft. between the two units, and it's a spacious 6,083 sq. ft. lot that has a lot of great outdoor space for entertaining & privacy. There is a large two-car detached garage and a long driveway with ample space to park several cars. The property does need some general repairs & upgrades. This Park Hill Heights area is well-located directly next to Inglewood and minutes from the Forum; the new huge Hollywood Park development, and the future LA Rams stadium so don't miss this great opportunity to invest and see great appreciation over the coming years. Walking distance to future Metro train line along Crenshaw too!

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LARD3

Interior

Fireplace No

Exterior

Parking Features Driveway, Garage Faces Front

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Urban

Utilities Available Sewer Available

Total Parking Spaces 5

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Water Public

Others

Senior Community No

Tax ID 4012001021

Acceptable Financing Cash, Cash to Existing Loan, Conventional, FHA

Listing Terms Cash, Cash to Existing Loan, Conventional, FHA

Financing FHA

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matthew Dunfrund • Keller Williams Beach Cities
Bought with Nikita Brown • P3 Realty Inc
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