5838 Allston Street, East Los Angeles, CA 90022
- $850,000
- Sold Price
- $850,000
- List Price
- $925,000
- Closing Date
- Dec 31, 2024
- Status
- CLOSED
- MLS#
- WS24164222
- Year Built
- 1955
- Lot Size
- 5,653
- Acres
- 0.13
- Lot Location
- Corner Lot, Walkstreet, Yard
- Days on Market
- 90
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
We are pleased to present a Remarkable 4-Unit Multi-family Asset located in a highly Desirable Investment Area of East Los Angeles. Nestled near the renowned Citadel Outlets Shopping Center and just a few blocks away from the city of Montebello, this is a Great Investment and 1031 Exchange Opportunity that you don't want to miss! This Amazing 4 Units Quadruplex consists of: 2x (2 beds & 1 bath) and 2x (1 bed & 1 bath). The property also includes a private Laundry room, separate Meters, and a Detached 4-Car Garage. Spanning over 5,500sf Corner Lot, this investment opportunity provides ample space for tenants to enjoy onsite open and private yard areas. Each well-kept unit features a spacious living room area, an equipped kitchen, and generously sized bedrooms. Given the longevity of ownership and great long tenants, the future investor can have a significant potential to achieve over 70% Upside in Rental Income. With its combination of Desirable Layout, Prime Location, and Value-Add potential, this asset is poised to deliver exceptional returns to its new owner. This won't last! One of the Unit will be VACANT!!
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $84,000
- Operating Expense
- 1000
Listing courtesy of Listing Agent: EDWARD KOSASIH (edward@teamnuvision.net) from Listing Office: PARTNER Real Estate.
Listing sold by Shawna Alcala Antonio from Manna Realty
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.