PRICE REDUCED! SELLER MOTIVATED! Any buyer or agents working with buyers who are interested in 100% SINGLE STORY CONSTRUCTION, along with a LARGE LOT needs to LOOK AT THIS DEAL! The unit mix consists of (4) Singles, each have their own large fenced-in concrete patio (very private feel). There is (6) 1-bed / 1-bath units (2 of them have their own private patios, and the remaining (4) have concrete patios, a new owner can easily fence them in to make them private and add value). Last, there are (2) 3-bed / 2-bath single family homes. The lot is large enough for all tenants to have their own private patios and backyards. All units are in good condition, as I have personally seen all of them (some have even been completely renovated). The Building is 100% OCCUPIED. At just over $130k/Unit, 10.30 GRM, and 6.40% cap rate, this property is priced to sell, in a city where some buildings are selling as high as $230K/Unit!!! CONTACT LISTING AGENT FOR MARKET SETUP AND FULL DETAILS.
An amazing 7 unit?s complex with 4 separate buildings: Building (1) is a front house with 2br/1ba, front and side lawn and a carport and a laundry room with monthly rent of $1,200. Building (2) is a back house with 3br/2ba a carport and a laundry room, bringing in $1,500 a month. Building 3 has two 2br/1 1/2 ba units each with monthly rent of $1,200. Building 4 has three 2br/1 1/2 bath units with monthly rate of $1,200 each. Total monthly gross income of the building is $8,700! Building 3 and 4 are two story buildings with each unit consisting of a 1/2 bath, kitchen, living room, dining room in the bottom floor and 2 bedrooms and one bath in second floor. Each unit in building 3 and 4 has a patio. All 7 units have a separate electric, gas meter and a water heater . All units have a wall A/C, partial carpet and tile and its own laundry room. New copper plumbing from the street (only the horizontal line) and new sewer line from the street (only the horizontal line). There are 8 detached garages and ten additional parking spaces. There is no rent control in the area!
Six Units consisting of the following: Front house (9241), spacious 3 bed, 1.75 bath, fireplace, detached bonus room, two car detached garage w/laundry hook ups, Second house (9243), 2 bed, 1 bath, one car garage w/ laundry hookups, Third house (9243?), 2 bed, 1 ba, one car garage w/laundry hook ups, Fourth unit (9245), upstairs rear unit over garages, 2 bed, 1 ba, one car garage w/laundry hook ups, Fifth unit (9245?), upstairs rear unit, 2 bed, 1 ba, 1 car garage w/laundry hook ups, Sixth unit (9245?), downstairs rear unit, 2 bed, 1 ba, one car garage, Laundry hook ups in rear shed off back of structure. Long standing tenants, rents are below current market rents, excellent upside potential. The various structures on the property appear to have been built starting in 1947, 1957 and 1963. Buyer to verify with appropriate agency or department deemed reliable to Buyer. Prospective Buyer to perform their own Pro Forma.
**Notice to all prospective Buyers, it is the intent of the Seller to affect a 1031 tax-deferred exchange. Property to be sold in it's "present condition". Please do not disturb residents. No sign on the property.
**RENTS WERE RAISED TO $1,400 EACH UNIT ON JULY 1ST, 2013, WELL MAINTAINED LARGE 4104 SQ FT FOURPLEX ON 7845 SQ FT LOT, EACH UNIT HAS 2 BEDROOMS AND 1.5 BATHS, FRONT TWO UNITS ARE TOWNHOUSE TYPE (2 STORIES - 960 SQ FT EACH) & TWO UNITS (1063 SQ FT EACH) ARE ON SECOND FLOOR OVER GARAGES, EACH UNIT HAS INSIDE LAUDRY AREA, 2 CAR GARAGE, TENANTS PAY ELECTRICITY & GAS, OWNER PAYS WATER & TRASH, UNFURNISHED, PROPERTY TO BE SOLD "AS IS", SELLERS WILL DO NO REPAIRS TO PROPERTY.
Back on the market seller is very motivated
Great Investment, 4 Apartment, 2 Offices, All Apartments Are Two Bdrms One Bath With Laundry Hook Ups, Long Term Tenant, Drive By Only Please And Do Not Disturb Tenant'
Complete remodel to apartment upstairs with new kitchen and granite counter top
Complete remodel the tow offices and great income
one of the sellers is real estate Broker
Three separate houses on a lot. Ideal for owner occupied or investors. Front house is a 3 bedroom 1 1/2 baths new remodeled bathroom and new floor in kitchen with a patio and a 2 car garage. Large living room with dining area. Hardwood floors. Second unit in middle is a two bedroom one bath with a one car garage attached with hardwood floors and private yard. Back unit is a two bed room with a bathroom that has been remodeled with a one car garage and private yard. make offer subject to interior inspection.
Fully occupied four plex, all 2 bedroom 1 bath units. Each unit has one detached garage. Good investment with great rents. Downey School district
Elementary School Lewis, Middle School Sussman, High School, Downey
This is a spectacular custom-built home. It features an expansive, flowing floor-plan, Master suite with custom tub and separate shower. For the gourmet there is a huge family-style kitchen with a custom granite breakfast bar, cozy nook, and walk-in pantry. There is also a formal dining room, family room with fireplace, and formal living room that can easily be converted to a fourth bedroom. Attached, oversized two-car garage leads into a separate laundry room with sink and storage galore. The family room opens out to a marvelous custom deck that can easily entertain more than a dozen guests. There is a separate covered patio that leads to a 3 car detached garage with office space and a 3/4 bath. The 15,000+ sq.ft lot has beautiful landscaped backyard with fountain and beautiful foliage. The home comes equipped with Zone Heating and Cooling, Alarm System, 9',10' and 11' ceilings, Sub Zero fridge, Bosch Dishwasher, RV parking with hook-ups. Too much to list. This is a must see home
Age: 11-20 Years Old
Amenities: Double Pane Windows, RV Parking, Attic
Appliances: Dishwasher, Range, Range - Built In, Trash Compactor
New Lower Price!! Bright and Beautiful Colonial Mini-Mansion Open your beautiful privacy gates and up your circular driveway to your Early American style entrance. Beautifully maintained, you will find this a real charmer: Main Level:Huge Living room with Beautiful Fireplace, 10 ft ceilings. Plantation shutters on extra tall windows. Prestigious Den/Office/Library w/9' ceilings features gorgeous floor to ceiling walnut, bookshelves.
Downstairs bedroom with Jack and Jill closest, and Bathroom with lovely stained glass window. Huge Family Room with full wall of Plantation shutter doors opening to a full view of patio and pool. This room could also be a wonderful formal dining room! Spotless Kitchen with Corian counters includes appliances as shown. Unique Glass dining alcove extends onto patio with delightful pool view and access door.Handy, spacious laundry room and a 1/2 bath are just steps from kitchen and garage. Loads of closets and Storage, storage, storage!
Gigantic Main Master Suite with Balcony provides view of front yard and city view, full bath with vintage tiling in tub, sit-down vanity/dressing area, build-in hamper, window seat and personal heating.