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Key Details
Sold Price $715,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision ,Signal Hill
MLS Listing ID SB23087761
Sold Date 07/31/23
HOA Y/N No
Year Built 1921
Lot Size 4,024 Sqft
Property Description
Fantastic investment opportunity! Back on the market at a HUGE PRICE REDUCTION! This value-add duplex is comprised of a back studio unit that will be delivered vacant at close of escrow and ready for renovations! The front 2-bedroom 1bath house has a large front and side yard. The tenant pays $2,300/month and has been living there for over four years and has a strong history of paying rent on time. Both units have separate gas and electric meters.
There is a free standing, double car garage, perfect for an ADU conversion into 3 units (buyer to verify) with an after repair value (ARV) of $960,000.
Located near Signal Hill and MacArthur Park, this neighborhood is truly in the path of progress and benefits from nearby development. If you're an investor looking for a value-add opportunity or an owner-occupant looking to get started in investment real estate, look no further!
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR2N
Interior
Heating Natural Gas
Cooling Gas
Flooring Laminate, Tile
Fireplace No
Appliance Gas Range
Laundry In Garage
Exterior
Garage Garage
Garage Spaces 2.0
Garage Description 2.0
Fence Fair Condition, Wrought Iron
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Cable Available, Phone Available, Sewer Connected, Water Available
Total Parking Spaces 2
Private Pool No
Building
Lot Description Corner Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7261011002
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Kristine Kurz • Real Estate Ebroker Inc
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