$415,000
$429,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Nikita Brown • P3 Realty Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "