Probate Sale, Court Confirmation MAY be required.
For Sale after 45 years! Bread-n-butter 4-unit residential property in the desirable Arlington Heights neighborhood of Los Angeles, adjacent to the sought after residential neighborhoods of Lafayette Square and Country Club Park in the heart of Mid-City. One of the lowest price per SF in the area, only $275 per sq. ft. Easy proximity to I-10 and I-110 Freeways and easy access to public transportation. Electrical wiring in all units updated and new electric meters installed in 2009 & 2023, plumbing was updated with copper piping in 2009, and roof updated in approximately last 10 years. All units are separately metered for gas & electricity, and have individual hot water heaters. Front building comprises of 2 large 2 bed 1.5 bath townhomes, with their own laundry hook-ups. 4 separate garages in the back, with 2 x 1 bed 1 bath units on top. One of the large townhome unit in the front and one of the 1 bedroom units in the back are currently vacant, and will be delivered vacant at close of escrow. The property is subject to City of Los Angeles Rent Stabilization Ordinance. Property is being sold AS IS and WHERE IS with current 2 tenant(s) in place. Buyer to conduct their own investigations.
Showing Remarks: Drive by only. Open Houses will be scheduled, and MLS will be updated. Please email sales@iagpm.com.
Property Highlights |
Street |
1510 S Bronson Ave.
|
City |
Los Angeles
|
State |
CA
|
Zip |
90019
|
Status |
Sold
|
Property Type |
Multi-family
|
Asking Price |
$1,100,000
|
Sold Price |
$1,150,000
|
Year Built |
1938
|
Building Sq Ft |
3,999
|
Number of units |
4
|
CAP Rate |
5.88
|
GRM |
11.87
|
Value per Square Feet |
$275.07
|
Broker Name |
Vinny Jain
|
Telephone |
(310) 207-2288
|
Email |
sales@iagpm.com
|
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