Lincoln Heights, CA 90031,3813 Baldwin ST

$1,655,000

Est.Price: ?

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Est. payment /mo

7,405 Sqft Lot


SOLD DATE : 10/30/2020

Key Details

Sold Price $1,655,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV20208808

Sold Date 10/30/20

HOA Y/N No

Year Built 1975

Lot Size 7,405 Sqft

Property Description

We are pleased to offer for sale this 9 unit multi-family investment located in the heart of Lincoln Heights (Los Angeles). Built in 1975, the subject property is comprised of 1(4Bed/2Bath) unit, and 8(1Bed/1Bath) units. All units are separately metered for electricity and gas, while the owner pays for water and trash. Tenants enjoy onsite covered parking as well as an onsite laundry facility. Additionally all earthquake retrofit requirements have been completed by the seller. Long term tenants are in place and below market rents, but for those looking for a repositioning opportunity, this asset offers close to a 70% upside in rental income. The property is 100% tenant occupied all of whom are current on rental payments through COVID. The seller has not attempted any "buy outs" of the current residents.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Zoning LAR3

Interior

Fireplace No

Laundry Common Area, Inside

Exterior

Parking Features Covered

Carport Spaces 11

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 12

Private Pool No

Building

Lot Description 6-10 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5211012014

Energy Description 2450.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

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
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