For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,956 sqft
Price per Sqft $209
MLS Listing ID CL24446621
Sold Date 11/21/24
HOA Y/N No
Year Built 1963
Lot Size 0.448 Acres
Acres 0.45
Property Description
Six Single-Story Units on Large 19,507-SF Lot | Outstanding Opportunity to Add 2 ADUs (Accessory Dwelling Units) or Redevelop the Property to a 13-Unit Apartment | Significant Value-Add Potential - Approximately 76% in Rental Upside | 8.96% Pro-Forma Cap Rate & 8.43 Pro-Forma GRM | Located Approximately 1 Mile from SpaceX & Tesla Design Center and 3 Miles from SoFi Stadium & Upcoming Intuit Dome (NBA Clippers Arena) | Outstanding Unit Mix of (One) 3-Bedroom/1-Bathroom Unit & (Five ) 2-Bedroom/1-Bathroom Units | Each Unit Contains Washer/Dryer Hook-Ups & One Garage | Tenants Pay All Gas and Electricity Expenses | No Local Rent Control - Defaults to AB 1482 | Strong Neighboring Employment: Space X, Tesla, & Aerospace Defense Companies
Location
State CA
County Los Angeles
Area Listing
Zoning HAR4
Interior
Fireplace No
Laundry Washer
Building
New Construction No
Others
Tax ID 4052029048
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
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with JonathanNikfarjam
GET MORE INFORMATION
Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122