4 Units - 3 Delivered Vacant Near Cal State LA

$1,050,000

OFF MARKET

# of Units: 4

GRM: 12.63

CAP Rate: 5.30%

Price/SF: $431

Building SF: 4,436

Lot SF: 6,184

Zoning: LAR1

Year Built: 1937

Description

Perfectly positioned adjacent to Cal State LA and Tierra Mia Coffee, this University Hills fourplex delivers both architectural charm and value-add potential. 3 of the 4 units are vacant, making it ideal for investors, an owner-user, or large family looking for multiple vacancies. The property features an attractive unit mix of four (2Br+1Ba) apartments. The two rear units are 2 stories and larger than the front 2 units. All units have a back door, separate hot water heaters, and large windows that create ample natural light. There are rear detached garages on this street to street lot. This property also has an adjacent sister building under the same ownership that is also available for sale, inquire for more info. An excellent value and a must see!

Location

The property is situated at the base of University Hills just a block from Tierra Mia Coffee and next to Cal State LA. It is just off Eastern north of the 10 Freeway, with easy access to Alhambra, Monterey Park, Boyle Heights, East LA, Northeast LA and DTLA. Blocks away from Ascot Hillside Park and Lincoln Park.

Property Highlights

Charming 4-unit Spanish-style quadruplex in extremely desirable, mostly residential University Hills neighborhood near Cal State Los Angeles.
3 units currently vacant!
Timeless architectural character with original arched doorways, cut-outs, built ins, and more.
Only 1 block to Tierra Mia Coffee, a local favorite, and close proximity to other hotspots like Carnitas el Momo, Tamales Lilianas, Luminarias, El Gallo Bakery, and many more.
Easy access to the 710 and 10 freeways for seamless connectivity throughout Los Angeles
Attractive unit mix: (2Br + 1Ba) across all four units
Great for an owner-user ot investor!
Adjacent 4 unit sister building is also available for sale - inquire for more info.