$1,565,000
$1,500,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
5,227 Sqft Lot
SOLD DATE : 04/22/2021
Key Details
Sold Price $1,565,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SC21063257
Sold Date 04/22/21
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1950
Lot Size 5,227 Sqft
Property Description
91208! Meticulously maintained 4-unit complex in the heart of MONTROSE! Nested under a giant oak tree, each unit consists of 1 bedroom/1 bath with a galley kitchen, comfortable living area with A/C, and generous bedroom/bathroom with built in storage. These units have been cared for by the current owners for over 40 years and the pride of ownership shows. A classic 50?s era building with a construction quality that reinforces the saying ?they don?t build 'em like they used to," this building is extremely clean. Mechanical upgrades including copper piping, Milguard windows, sewer and other utility enhancements, hardscaped throughout, auto-sprinklers, and fresh paint. With some units sharing a blend of refinished red oak floors, granite counters, updated kitchens and baths, and some retaining their original 50?s character, these well appointed spaces offer a turnkey operation for the new owner. The rear bricked patio provides a tranquil space with the oak tree canopy providing a welcome respite on those hot days. Two double garages at the rear of the property provide alley access and ample parking for the building. Currently separately leased, the garages provide additional income and flexibility in the future with the C3-l zoning. 2020 gross scheduled rents were just under $90,000. A great long-term investment for the scrutinizing buyer; this building will not disappoint! Close proximity to shopping, the new USC Verdugo Hospital, Farmers Market, freeways, and services.
Location
State CA
County Los Angeles
Area 635 - La Crescenta/Glendale Montrose & Annex
Zoning GLC3*
Interior
Interior Features Granite Counters
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl, Wood
Fireplaces Type Kitchen, Outside
Fireplace Yes
Laundry None
Exterior
Exterior Feature Rain Gutters
Garage None
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Sidewalks, Urban
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Total Parking Spaces 4
Private Pool No
Building
Lot Description 16-20 Units/Acre
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5615008014
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with George Koronaios • Coldwell Banker Residential
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