Bought with KRISTOPHER GERMAN • RE/MAX 2000 REALTY
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642 Euclid AVE East Los Angeles, CA 90023
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Key Details
Sold Price $810,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRCV23034544
Sold Date 03/31/23
Year Built 1968
Lot Size 5,499 Sqft
Source California Regional MLS
Property Description
5 Units LA for $165,000 Per Unit! Private Seller Financing Available! We are pleased to exclusively offer for sale this 5 unit multi-family investment property in the city of East Los Angeles. The property boasts an excellent unit of mix of; 1(3Bed/2Bath), 1(2Bed/1Bath), 3(1Bed/1Bath)s with a total rentable square footage of 3,650 SqFt. The property is 100% copper plumbing and the seismic retrofit has been completed. The current tenants have lived at the subject property for a number of years with rents rarely being increased. This property is poised for an investor familiar with tenant relocation as the property offers 250% upside in rental income. Tenants enjoy onsite parking and an onsite laundry facility. Private Seller Financing Terms: 30% Down Payment, 3 Year Term, 6% Interest Only Payments, no pre-pay penalty.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Community Facility, Other
Exterior
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 5186019001
Special Listing Condition Not Applicable
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