Listing by: EDWARD KOSASIH, PARTNER Real Estate, 626-474-3288
8 Beds
4 Baths
3,032 SqFt
Active
One VACANT Unit--We are pleased to present a Remarkable 4-Unit Multi-family Asset located in a highly Desirable Investment Area of East Los Angeles. Nestled near the renowned Citadel Outlets Shopping Center and just a few blocks away from the city of Montebello, this is a Great Investment and 1031 Exchange Opportunity that you don't want to miss! This Amazing 4 Units Quadruplex consists of: 2x (2 beds & 1 bath) and 2x (1 bed & 1 bath). The property also includes a private Laundry room, separate Meters, and a Detached 4-Car Garage. Spanning over 5,500sf Corner Lot, this investment opportunity provides ample space for tenants to enjoy onsite open and private yard areas. Each well-kept unit features a spacious living room area, an equipped kitchen, and generously sized bedrooms. Given the longevity of ownership and great long tenants, the future investor can have a significant potential to achieve over 70% Upside in Rental Income. With its combination of Desirable Layout, Prime Location, and Value-Add potential, this asset is poised to deliver exceptional returns to its new owner. This won't last!
Property Details | ||
---|---|---|
Price | $925,000 | |
Bedrooms | 8 | |
Full Baths | 4 | |
Total Baths | 4 | |
Lot Size Area | 5653 | |
Lot Size Area Units | Square Feet | |
Acres | 0.1298 | |
Property Type | Residential | |
Sub type | Quadruplex | |
MLS Sub type | Quadruplex | |
Stories | 2 | |
Year Built | 1955 | |
View | Neighborhood | |
Lot Description | Corner Lot,Yard | |
Laundry Features | See Remarks | |
Pool features | None | |
Parking Spaces | 4 | |
Garage spaces | 4 | |
Association Fee | 0 | |
Geographic Data | ||
Directions | cross street: E Olympic Blvd/Simmons Ave | |
County | Los Angeles | |
Latitude | 34.014236 | |
Longitude | -118.145085 | |
Market Area | 699 - Not Defined | |
Address Information | ||
Address | 5838 Allston Street, Los Angeles, CA 90022 | |
Postal Code | 90022 | |
City | Los Angeles | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | PARTNER Real Estate | |
Listing Agent | EDWARD KOSASIH | |
Listing Agent Phone | 626-474-3288 | |
Attribution Contact | 626-474-3288 | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard,Trust | |
Ownership | None | |
School Information | ||
District | Montebello Unified | |
MLS Information | ||
Days on market | 93 | |
MLS Status | Active | |
Listing Date | Aug 8, 2024 | |
Listing Last Modified | Nov 15, 2024 | |
Tax ID | 6339006006 | |
MLS Area | 699 - Not Defined | |
MLS # | WS24164213 |
This information is believed to be accurate, but without any warranty.