$1,425,000
$1,499,999
5.0%For more information regarding the value of a property, please contact us for a free consultation.
0.37 Acres Lot
SOLD DATE : 09/02/2022
Key Details
Sold Price $1,425,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR21261827
Sold Date 09/02/22
HOA Y/N No
Year Built 1960
Lot Size 0.372 Acres
Property Description
Amazing opportunity to purchase a five-unit property in the City of Sylmar. All units consists of 2 bedroom/1 bath with wall a/c, wall heaters and individual water heaters. With a lot size of 16,186 square feet, the property has a total of 5,068 of rentable square feet. The building has 10 tenant-parking spaces plus 2 additional guest parking. Bonus recreation room may be converted to additional 6th unit or convert to separate ADU. A savvy investor might remove parking spaces and build additional units (buyer to do own diligence with regard to adding units and/or ADU). All tenants are on a month-to-month leases with huge upside in the existing rents. Close proximity to the Antelope Valley Metro Link, shopping, schools, and public transportation. An astute investor will take advantage of the historic low interest rates and the increasing rental market. PLEASE DO NOT DISTURB TENANTS.
Location
State CA
County Los Angeles
Area Syl - Sylmar
Zoning LARD3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Valley
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected
View Y/N No
View None
Total Parking Spaces 16
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story Multi/Split
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2506035035
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Juan Sanchez Sr. • Excellence RE Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "