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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$3,198,000

Est. payment - /mo

9 Beds

9 Baths

4,531 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,531 sqft

Price per Sqft $705

MLS Listing ID 25547659

Bedrooms 9

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1942

Lot Size 6,756 Sqft

Property Description

High revenue producing Income property with strong rental profile and low operating costs. Situated in a high demand neighborhood with immediate access to Los Feliz Village; shopping, eateries. and services. Unique opportunity to purchase a building that will be receiving high market rent. The last unit is currently listed for lease (lease price $6490.00) and will be available for occupancy after 01 July. The front unit, which is shown in photos and has a private enclosed patio, will be vacant starting on 01 August and the lease price will be $6380.00. In 2017 this building finalized a complete, ground up, new construction overhaul. This includes every system and all aesthetic modern finishes. Lessees have convenience of modern appliances, convenient laundry closet upstairs, and bedroom/ bath elements in great condition. Each unit has their own outdoor privacy space. All garages are private, with direct entrance into home. Last unit in back has a generous 2 car garage, as well as expanded Master Suite, w/ hidden and private backyard patio area. Close to everything, yet tucked quietly on a quiet residential street. Difficult to find a similar property with only 3 units that generates $18,600.00 monthly. Building suits the needs of owner/user practicality or individuals needing a strong 1031 fulfillment. All units are in excellent condition and maintenance costs are far below average of most all other income property in neighborhood. Combining all needs on the residential income checklist of location, proof of strong rental stability and easy maintenance.

Location

State CA

County Los Angeles

Area 637 - Los Feliz

Zoning LAR2

Interior

Interior Features High Ceilings, Open Floorplan, Recessed Lighting, Tandem, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Built-In, Dishwasher, Disposal, Gas Oven, Gas Range, Range, Refrigerator, Range Hood, Dryer, Washer

Laundry Inside, Laundry Closet, Upper Level

Exterior

Exterior Feature Rain Gutters

Parking Features Covered, Door-Single, Garage, Garage Door Opener, Guest, Paved

Pool None

View Y/N Yes

Roof Type Composition

Porch Rear Porch, Open, Patio, Stone, Tile

Attached Garage Yes

Total Parking Spaces 4

Private Pool No

Building

Lot Description Back Yard, Front Yard, Landscaped, Rectangular Lot, Yard

Faces West

Story 2

Entry Level Two

Foundation Slab

Sewer Other

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5590024004

Security Features Security Gate

Special Listing Condition Standard

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Listed by Michelle St. Clair • Sotheby's International Realty

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4416 KINGSWELL AVE Los Angeles, CA 90027