Bought with Brice Head
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1212 Amalia AVE East Los Angeles, CA 90022
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Key Details
Sold Price $2,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CNSR22231073
Sold Date 12/16/22
Year Built 1930
Lot Size 6,599 Sqft
Source CRISNet
Property Description
We are pleased to present the great opportunity to invest in a value add 10-unit Spanish style building. Owner will carry financing at 4.5%! The building is offered at a current cap rate of 4.8 and GRM of 13.99. The building consists of one 2 bedroom/1 bath and nine 1 bedroom/1 bath units. Six of the units have been updated. All units include in-unit washer/dryer hookups and there are eight separate garages. The property is separately metered for gas and electricity and upon tenant turnover, a buyer can utilize RUBs to allocate the cost of the water to the tenants. Located in the Unincorporated area of LA, the property is not subject to City of LA rent control. Accessible to the 5, 60, & 710 freeways and approximately 5 minutes from Citadel Outlets and Commerce Casino.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Interior
Laundry Gas Hookup, 30
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 6340012012
Special Listing Condition Not Applicable
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