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$1,000,000
Est. payment /mo
1,790 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Cambodia Town
MLS Listing ID IN26156931
HOA Y/N No
Year Built 1923
Lot Size 1,790 Sqft
Property Sub-Type Quadruplex
Property Description
Excellent opportunity for owner-occupants eligible for up to $15,000 in grant funding!
The asset features strong modern upgrades, with three of the four units having been fully renovated within the last five years. The freshly updated ground-floor unit will be delivered vacant at the close of escrow, allowing an incoming investor to immediately secure top-of-market rental rates or providing an ideal opportunity for an owner-occupant to move in on day one. For buyers looking to occupy the vacant unit, the property qualifies for low-down-payment financing programs requiring as little as 5% down, which can be paired with an available $15,000 first time buyer grant (buyer to verify eligibility) to significantly lower the initial capital requirement and optimize cash-on-cash returns. Drive-by only; please do not disturb the occupants. Interior inspection is contingent upon an accepted offer.
The asset features strong modern upgrades, with three of the four units having been fully renovated within the last five years. The freshly updated ground-floor unit will be delivered vacant at the close of escrow, allowing an incoming investor to immediately secure top-of-market rental rates or providing an ideal opportunity for an owner-occupant to move in on day one. For buyers looking to occupy the vacant unit, the property qualifies for low-down-payment financing programs requiring as little as 5% down, which can be paired with an available $15,000 first time buyer grant (buyer to verify eligibility) to significantly lower the initial capital requirement and optimize cash-on-cash returns. Drive-by only; please do not disturb the occupants. Interior inspection is contingent upon an accepted offer.
Location
State CA
County Los Angeles
Area 9 - Poly High
Interior
Fireplace No
Laundry Washer Hookup
Exterior
Parking Features On Street
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Cul-De-Sac
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7268017011
Energy Description 1064.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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Listed by Tyson Storr Buckingham Investments, Inc. 4242122321, DRE #02179872
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Lucio Real Estate Group
Broker Associate | License ID: 01893011
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