Description
Incredible investment opportunity – 5 detached units on a huge lot!
this rare investment property features 5 detached units, each with 2 bedrooms and 1 bathroom, located on an expansive 18,000 sq ft lot, offering endless potential for future development. each unit boasts its own private yard space and indoor washer/dryer hookups, making these units highly desirable for tenants seeking privacy and convenience.
currently, all units are occupied by long-term tenants, with rents significantly below market—an opportunity for substantial rental income growth. one unit has been remodeled, achieving current market rent of $2,700 per month. tenants are responsible for electricity and gas, with each unit separately metered for both utilities, further reducing operating costs for the owner.
the lot also features ample parking for all tenants, adding to the property's appeal. additionally, there is the possibility of adding an accessory dwelling unit (adu) for further income potential. this property is perfect for investors looking for stable cash flow with future upside through rent increases and development opportunities.
don't miss this chance to own a prime multifamily property with great potential in a high-demand rental market!
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
47036652
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Interior Features: All Bedrooms Down
- Fireplace: None
- Flooring: Laminate
Cooling Features
- None
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1962
- Building Area Total: 4,620
Pool Features
- None
Laundry Features
- Gas Dryer Hookup,In Kitchen
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.4226
- Lot Size Source: Assessor
- Lot Size Square Feet: 18407
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Listing Information
Listing Price Information
- Original List Price: 1,599,000
- Listing Contract Date: 2024-09-25
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 6241020016
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Closed
- Source Neighborhood: RL - Paramount North of Somerset
- Postal Code Plus 4: 3311
- Directions: Garfield and Rosecrans
- Zoning: PARM*
- Source Property Type: Residential Income
- Area: RL - Paramount North of Somerset
- Property SubType: Mixed Use
Building and Construction
- Property Age: 62
- Common Walls: No Common Walls
- Structure Type: Mixed Use
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Levels or Stories: One
- Building Total Stories: 1
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BuyOwner last updated this listing 11/22/2024 @ 06:17
- MLS: SB24199767
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is recently sold, it has 4,620 sqft, 18,407 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Paramount , in zip code 90723, this Los Angeles County Home are nearby neighborhoods.