East Los Angeles, CA 90022,1212 Amalia AVE
East Los Angeles, CA 90022,1212 Amalia AVE
East Los Angeles, CA 90022,1212 Amalia AVE
8
Listed by Anie Mayelian • Equity Union
Bought with Brice Head
$2,200,000
$2,300,000
4.3%
Est.Price: ?

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6,599 Sqft Lot

1212 Amalia AVE East Los Angeles, CA 90022

Est. payment /mo
SOLD DATE : 12/16/2022

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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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Paul Locatelli

Paul Locatelli

Broker Associate | License ID: 1348436

+1(831) 750-9795

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