REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$625,000
Est. payment /mo
5 Beds
2 Baths
1,800 SqFt
UPDATED:
09/30/2024 06:44 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $347
MLS Listing ID 22201689
Bedrooms 5
HOA Y/N No
Year Built 1928
Lot Size 7,805 Sqft
Acres 0.1792
Property Description
Been on the market for some time, BECAUSE current owner is happy to hold as making over $64,000 a year income. FYI Won't work with a tradition loan, as lenders probably won't appraise at value, as it is only a 2 unit property. Owner is selling for $625,000 on fact that this is over $64,000 a year income a 10% gross income property, and there is nothing out there in the market like this. This is a DIAMOND. If you depend on a loan, 80% to 90% it won't work, so this property is not for you. If you can put down like 50% cash, then can work or if a 100% cash buyer then of course. Again, if you want to make a good return on your cash then this property is for you. Also Upside to convert Garage to 2 br unit, we got approved plans, and also add a 4th unit, so lots of upside for the next investor, my seller just wants his price to make it worth wild to sell. Just being honest here.
Location
State CA
County Los Angeles
Area Lac - Lancaster
Zoning LRR2*
Interior
Heating Wall Furnace
Cooling Evaporative Cooling
Fireplace No
Appliance Dishwasher
Exterior
Garage Driveway
Parking Type Driveway
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 3134023022
Special Listing Condition Standard
Read Less Info
Listed by Jason Hurst • EGL Properties Incorporated
If you are disappointed with the options available within your budget, let me know. 95% of the time, I can help "tweak" search criteria and find at least 10 properties that are tempting.
GET MORE INFORMATION
QUICK SEARCH
- Baker Ranch, CA Homes For Sale
- Lake Forest, CA Homes For Sale
- Mission Viejo, CA Homes For Sale
- Laguna Hills, CA Homes For Sale
- Laguna Niguel, CA Homes For Sale
- Anaheim Hills, CA Homes For Sale
- Laguna Beach, CA Homes For Sale
- Irvine, CA Homes For Sale
- Aliso Viejo, CA Homes For Sale
- Oceanside, CA Homes For Sale
- Anaheim, CA Homes For Sale
- Santa Ana, CA Homes For Sale
- Huntington Beach, CA Homes For Sale
- Costa Mesa, CA Homes For Sale
- Newport Beach, CA Homes For Sale
- Newport Coast, CA Homes For Sale
- North Tustin, CA Homes For Sale
- San Juan Capistrano, CA Homes For Sale
- Rancho Mission Viejo, CA Homes For Sale
- Rancho Santa Margarita, CA Homes For Sale
- Dana Point, CA Homes For Sale
- Beverly Hills, CA Homes For Sale
- West Hollywood, CA Homes For Sale
- Bel Air, CA Homes For Sale
- Malibu, CA Homes For Sale
- Santa Monica, CA Homes For Sale
- Pacific Palisades, CA Homes For Sale
- Long Beach, CA Homes For Sale
- Orange County, CA Homes For Sale
- Los Angeles , CA Homes For Sale