REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$899,000
Est. payment /mo
5 Beds
3 Baths
1,977 SqFt
UPDATED:
12/28/2024 07:15 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,977 sqft
Price per Sqft $454
Subdivision Olivito Heights
MLS Listing ID 24419071
Bedrooms 5
HOA Y/N No
Year Built 1934
Lot Size 9,234 Sqft
Property Description
Back on Market Multi Unit - Great potential - 2 units on a large oversized lot, wood construction/stucco, located in the Olivito Heights area of Los Angeles, footsteps from South Bay areas, each unit has 3 bedrooms/2 Bathrooms with washer-dryer connections for laundry in each unit. Outstanding opportunity for investors; own property near the expansive development areas and complexes; Extensive Shopping and retail, home stadium for the Rams and Chargers, new Clipper Stadium, Sofi Stadium, The Kia Forum, easy access to the 110/105/405 freeways and just minutes to LAX, and beach areas, Hermosa, Manhattan and Redondo. The property has a expanded driveway area (gated) with at least 7 off street parking spaces. Each tenant pays their own utilities with separate meters. Both units are currently occupied, tenant #1 is on contract with Section 8, contract expires March 1, 2025, tenant #2 is on a month to month rental agreement, can be vacant with a 30 day notice. This is a great property to add or begin your investment real estate portfolio. The property is being sold in As-Is condition with no repairs being completed. Buyer and Agents to verify all information, all accepted offers are required to submit a loan application with a lender of the Seller's choice. Please do not disturb the current residents. There will be no showings without a submitted offer and verification of the potential Buyer's financial loan approval status, Seller open to Cash offers/1031 exchange transactions.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Heating Central
Cooling None
Fireplaces Type Bath, Dining Room
Fireplace Yes
Appliance Disposal
Exterior
Parking Features Driveway
View Y/N No
View None
Total Parking Spaces 7
Building
Faces North
Entry Level One
Architectural Style See Remarks
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 6056008001
Special Listing Condition Standard
Read Less Info
Listed by Sherron Rouzan • Pacific Playa Realty