$2,300,000
$2,499,500
8.0%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 03/12/2021
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Heights (Bh)
MLS Listing ID PW20212043
Sold Date 03/12/21
HOA Y/N No
Year Built 1924
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Beautiful Pride of Ownership 6 unit building in Belmont Heights. This Classic Spanish building is comprised of 5,888 square feet of living square footage and on a full lot of 6,749 square feet. The building is comprised of (4) 2bd/1bth units, (2) 1bd/1bth units, and 5 single car garages. The units are large and spacious and all six units have hardwood floors. Small outdoor courtyard between the front and rear structures. The building was made earthquake compliant by bolting the building to the foundation in 2018. The Belmont Heights location is one of the most desirable in all of Southern California. The property is walking distance to the beach, bike path as well as the popular 2nd Street shopping and dining. Upside in the rents without having to do any major capital improvements. Dense rental market with low vacancy and strong income growth. Don't miss this amazing investment opportunity on an excellent location.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR4R
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Awning(s)
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Street Lights
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Total Parking Spaces 5
Private Pool No
Building
Lot Description Front Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7256008022
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Kristie Pabst • Pabst, Kinney & Associates
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "