$960,000
$980,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
0.26 Acres Lot
SOLD DATE : 11/20/2012
Key Details
Sold Price $960,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID C12108415
Sold Date 11/20/12
HOA Y/N No
Year Built 1963
Lot Size 0.264 Acres
Property Description
This property is a Seven-unit apartment building. Built in 1963, the complex consists of one-single story three-bedroom house, and one two-story six unit building with pitched composition roof. The building consists of 6 two-bedroom/one-bathroom units, 1 separate three-bedroom front house with attached garage. There are carport parking on-site in the back. The units are individually metered for gas and electric. There is one on-site laundry room.
The property is well situated on a quiet residential street with very few apartment buildings for competetion. There are 95% single family dwellings on Strozier Avenue. Also, the property is nearby a very dense local bussiness district of the city. Surrounded by a large and stable employment base area, all within short distance, resulted in very few vacancies in the area. An astute investor will enjoy strong cash flow with potential to increase rent in one of the strongest rental markets of San Gabriel Valley.
Location
State CA
County Los Angeles
Area 657 - So. El Monte
Interior
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Covered, Carport, Garage
Garage Spaces 1.0
Garage Description 1.0
Roof Type Composition,Flat
Total Parking Spaces 7
Others
Tax ID 8116001013
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Lily Yun • Treeline Realty
Real Estate Consultant | License ID: 01971542
+1(562) 595-3264 | karen@iwakoshirealtor.com