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Key Details
Sold Price $1,080,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Drake Park (Dp)
MLS Listing ID OC24101720
Sold Date 05/30/24
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1923
Lot Size 2,517 Sqft
Property Description
Posting for MLS Comp purposes only :
Welcome to this exquisite fourplex, fully remodeled and turnkey, offering a fantastic investment opportunity in the heart of the historic Wilmore City/Drake Park District. This charming property features four units, with two downstairs and two upstairs, each designed to maximize natural light with high ceilings and beautiful dual pane windows throughout. Inside, you'll find newer vinyl floors and shaker style interior doors that add a touch of elegance. The upgraded kitchens boast granite countertops, perfect for culinary enthusiasts, while the bathrooms are adorned with luxurious Carrara porcelain tiles. The property has been meticulously updated with copper plumbing throughout, as well as upgraded LED lighting and electrical systems, both inside and out. Each unit is equipped with individual electric meters, ensuring convenience and efficiency. A commercial-grade water heater further enhances the low-maintenance appeal of this property. The upstairs units offer large walk-in closets that can easily double as mini-offices, providing additional functionality. The exterior features a tidy, hardscaped backyard, perfect for outdoor enjoyment. A private laundry room with commercial washer and dryer hookups adds to the convenience for tenants. The property’s location is ideal, being close to the 710 Freeway for easy commuting and within walking distance to the beach, the Convention Center, the Aquarium of the Pacific, and a variety of dining and shopping options.
Situated in the tax-advantageous Opportunity Zone, this fourplex is not only a prime residential option but also a savvy investment choice. Don't miss your chance to own a piece of history with modern conveniences in a prime location. Schedule a viewing today and experience the perfect blend of historic charm and contemporary living!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD10
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range
Laundry Common Area
Exterior
Parking Features Off Street
Fence Wood
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
Architectural Style Traditional
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 7271019020
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Prashant Sampat • Pacific Avenue Realty