East Los Angeles, CA 90022,616 S Ford BLVD

$920,000

Est. payment /mo

$945,000

2.6%
Est.Price: ?

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616 S Ford BLVD East Los Angeles, CA 90022

6,534 Sqft Lot

SOLD DATE : 10/30/2020

Key Details

Sold Price $920,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV20198042

Sold Date 10/30/20

HOA Y/N No

Year Built 1947

Lot Size 6,534 Sqft

Property Description

Attention Investors- Looking for an investment property that is meticulously maintained, comes with paying tenants, and has lucrative rental rates in place? Than this is the one! 4 pride of ownership units offered for sale located in the heart of East Los Angeles. The property consists of all single-story units distributed amongst 3 separate structures. The first structure is a duplex, of which both units are 1 bedroom/1 bathroom. This building has undergone a major renovation with new copper plumbing, new main electrical panel, new individual subpanels, new electrical wiring throughout including plugs and switches, as well as fully remodeled modern style kitchens and bathrooms. These 2 units also have individual washer/dryer hookups as well as brand new appliances. The second structure is a detached 1 bed/1bath cottage with private washer/dryer hookups. The third structure is a detached 2bed/1bath cottage with private washer/dryer hookups. All units 100% tenant occupied and all rental payments current. All structures have brand new vinyl windows, as well as brand new exterior stucco. Driveway and parking area was recently replaced with brand new concrete and offers 6 tandem parking spaces. All units are separately metered for Electricity and Gas while the owner pays for water and trash. Great rental location close to schools, shopping and transportation. Great opportunity to buy Los Angeles real estate at a 5+%CAP Rate, and 14 GRM, which all amounts to positive cash-flow!

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Zoning LCR3YY

Interior

Fireplace No

Laundry In Kitchen, Stacked

Exterior

Garage Assigned

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Parking Type Assigned

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story One

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5247011003

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by KRISTOPHER GERMAN • RE/MAX 2000
Bought with KRISTOPHER GERMAN • RE/MAX 2000

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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