Los Angeles, CA 90044,1267 W 87TH ST W
$425,000
Est. payment /mo
$420,000
1.2%
Est.Price: ?

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6,098 Sqft Lot
SOLD DATE : 11/13/2013

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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California Regional MLS (CRMLS)
Listed by Matthew Lee • Lilly Enterprises, Inc.
Bought with Ian Hollinger • BRC Advisors Inc.

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agent

Adrian Castillo

+1(209) 380-7597

Principal/Realtor | CA DRE#01308935

Principal/Realtor CA DRE#01308935

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