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Key Details
Sold Price $1,575,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,863 sqft
Price per Sqft $323
MLS Listing ID NP-25065687
Year Built 1944
Lot Size 0.274 Acres
Property Sub-Type Quadruplex
Property Description
alue Add Investment Opportunity | 6 Units | Seller Is Not Doing a 1031 Exchange
Investment Highlights:
All tenants on month-to-month leases, offering the flexibility to adjust rents and reposition the asset
Desirable unit mix: 5 - 2-bedroom, 1-bath units and 1 - 4-bedroom, 1-bath front unit
Two fully remodeled units with modern interiors, appealing to quality tenants
Located in a high-demand rental market with consistent occupancy and limited inventory
Current CAP rate at 7.3%
5 of the 6 tenants are long term tenants.
The month-to-month lease structure allows for gradual rent increases or full repositioning to market rates.
Seller is motivated.
Location
State CA
County Los Angeles
Area Rm - Lynwood
Zoning LYR3YY
Interior
Heating Combination
Fireplaces Type None
Laundry In Closet
Exterior
Pool None
Community Features Curbs
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
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