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Key Details
Sold Price $425,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 13706257
Sold Date 11/13/13
HOA Y/N No
Year Built 1926
Lot Size 6,098 Sqft
Property Description
We are pleased to present this cash-flowing quadraplex in the neighborhood of Westmont, South Los Angeles. This is an excellent entry level opportunity into apartment ownership. With a nominal downpayment and minor upgrades to the building's facade and interior units, there may be a potential for up to 25% upside in rents. The building consists of a desireable mix of 2BR/1BA and 1BR/1BA units and there are currently no Section 8 tenants. Because the property lies in the unincorporated region of LAC, the building is NOT subject to rent-control.1267 W 87th St. lies less than 1 mile W of the 110 Freeway. The property lies within 1 mile of schools, parks, places of worship, and public transporation. A short 15-20 minute drive can get tenants to Downtown Los Angeles, LAX International Airport, Baldwin Hills Crenshaw Plaza, Westfield Culver City, and more.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Cooling See Remarks
Fireplace No
Laundry See Remarks
Exterior
Parking Features Covered
Total Parking Spaces 4
Building
Story 2
Others
Tax ID 6047001023
Special Listing Condition Standard
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Bought with Ian Hollinger • BRC Advisors Inc.
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935