PROBATE Sale, subject to Court Confirmation, and overbidding in Court. Sale confirmed in Court on Oct. 22, 2020.
For sale after 45 years! A multi-family investment opportunity in one of the fastest-growing neighborhoods in Los Angeles! This property has a brand new roof and upgraded electrical system in early 2019. Each unit is separately metered for electricity and gas. Both units have 2 bedrooms and 1 bathroom with long-term tenants on a month-to-month tenancy. The current rent is $1,324.00 per month for 1200 42nd St and $655.64 per month for 4211 Budlong Ave.
Property is SOLD "AS IS" and "WHERE IS". Seller is a Court-Appointed Fiduciary and cannot make any representations as to the condition and history of the subject property. Buyer to conduct their own investigations.
Property Highlights |
Street |
1200 W 42Nd St
|
City |
Los Angeles
|
State |
CA
|
Zip |
90037
|
Status |
Sold
|
Property Type |
Multi-family
|
Asking Price |
$395,000
|
Sold Price |
$483,500
|
Year Built |
1920
|
Building Sq Ft |
1,782
|
Number of units |
2
|
CAP Rate |
1.62
|
GRM |
31.54
|
Value per unit |
$197,500
|
Value per Square Feet |
$221.66
|
Broker Name |
Vinny Jain
|
Telephone |
310-207-2288
|
Email |
sales@iagpm.com
|
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