Altadena, CA 91001,848 Marcheta ST

$1,275,000

Est.Price: ?

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Est. payment /mo

SOLD DATE : 06/02/2016

Key Details

Sold Price $1,275,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV16089533

Sold Date 06/02/16

HOA Y/N No

Year Built 1952

Property Description

The subject property is a well-maintained 4-unit apartment building with a 4-unit retail/office building. The 2 buildings are situated on the same 7,094 SF lot, with the apartment complex located at 2468-2474 El Molino Ave, & the commercial building located at 848 Marcheta St. Built in 1960, this 2-story apartment building consists of 2, 2-bed/1-bath units and 2, 2 bed/ 1-bath units with an approximate total of 3,264 rentable SF. Select units have been upgraded with wood & tile flooring, granite countertops, new kitchen appliances, & newly upgraded bathrooms. All of the units are individually metered for gas & electricity. The owner is responsible for water, trash, & common area electricity & gas expenses. The property features carport parking for each unit and an on-site laundry facility. Originally constructed in 1952 and recently renovated, the single-story commercial building consists of 4 fully occupied retail/office units with a total square footage of 1,250. The building was recently renovated with a new roof, electrical panel, wood flooring, paint, upgraded bathrooms, and a central air conditioner. The owner is responsible for the commercial tenant's electricity and gas. The subject property has not been offered on the market in 20 years.

Location

State CA

County Los Angeles

Area 604 - Altadena

Interior

Fireplace No

Building

Lot Description 6-10 Units/Acre

Water Public

Others

Tax ID 5845018003

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Listing Terms Submit

Financing Trust Deed

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by EDWARD PAN • MARCUS & MILLICHAP
Bought with EDWARD PAN • MARCUS & MILLICHAP
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