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Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,464 sqft
Price per Sqft $281
MLS Listing ID SR21265559
Sold Date 02/03/22
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 1949
Lot Size 3,506 Sqft
Property Description
Owner users/ investors, currently there is a duplex with potential for $57,600 gross income per year cap rate 4.25 or Builders, investors, developers, location location location located in one of the best school districts in LA Colfax Meadows Charter in the heart of Valley. Village.Valley village is currently getting top dollar for rentals. A little cosmetic touch up and this is an awesome investment opportunity . WE HAVE APPROVED PLANS that have been submitted and are awaiting permits. Lot subdivision is approved but not activated. Plans call for 2, 1732 sqft tri-level 3 bedroom 2.5 bath single family homes small lot sub-division. Each home includes 2 car private garages and private back yards. second unit will be vacated on or before 1.31.2022 by written agreement. Plans available upon request. You can also build a single family home with ADU. so many possibilities.
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Zoning LARD1.5
Rooms
Ensuite Laundry Inside
Interior
Interior Features All Bedrooms Up
Laundry Location Inside
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Suburban, Sidewalks
View Y/N No
View None
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description Value In Land, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
Elementary Schools Colfax
Middle Schools Walter Reed
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2355005054
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, FHA
Listing Terms Cash, Cash to New Loan, 1031 Exchange, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with Valerie Matron • eXp Realty of California Inc
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