$890,000
$890,000
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5 Beds
4 Baths
1,751 SqFt
SOLD DATE : 07/31/2024
Key Details
Sold Price $890,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,751 sqft
Price per Sqft $508
MLS Listing ID 24399065
Sold Date 07/31/24
Bedrooms 5
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1942
Lot Size 4,952 Sqft
Property Description
Welcome to this wonderful Single Family House located in the City of Pacoima, CA. This property offers a fantastic opportunity for investors or those looking for a multi-family living arrangement. This beautiful property offers THREE units for its future owner: The front house offers 2 FULLY UPDATED bedrooms and 2 FULLY UPDATED bathrooms. The Back House (ADU) offers 2 FULLY UPDATED bedrooms and a FULLY UPDATED bathroom. Attached to the ADU, there is also a Studio with a FULLY UPDATED bathroom and FULLY UPDATED kitchenette. Both units in the back could give you the potential of getting cash flow. It can indeed be a great opportunity. The front house offers a potential rental income of around $3,800; the ADU in the back can get $2,900, and the studio could be rented for $2,100. PROJECTED TOTAL GROSS INCOME IS $8,800 PER MONTH. PROJECTED NOI IS $89,760. DO NOT MISS OUT ON THIS OPPORTUNITY TO PURCHASE THIS INVESTMENT AT A 10.57% CAP RATE! These rental rates can provide a substantial income stream for the future owner and help offset expenses associated with the property. It also boasts ample parking space accommodating around 6-8 cars in the property. It is very conveniently located to access amenities, transportation, and entertainment options. Whether you buy this property for rental income as an investor or for your own home this property it's an incredible opportunity!
Location
State CA
County Los Angeles
Area Pac - Pacoima
Zoning LAR1
Rooms
Ensuite Laundry Outside
Interior
Laundry Location Outside
Heating Central
Flooring Tile, Wood
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Appliance Gas Cooktop, Disposal, Range, Range Hood
Laundry Outside
Exterior
Garage Concrete, Driveway, Electric Gate, Gated, Private
Fence Privacy, Wrought Iron
Pool None
Community Features Gated
View Y/N No
View None
Parking Type Concrete, Driveway, Electric Gate, Gated, Private
Total Parking Spaces 8
Private Pool No
Building
Story 2
Entry Level One,Two
Sewer Other, Sewer Tap Paid
Level or Stories One, Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 2618017003
Security Features Gated Community
Special Listing Condition Standard
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Bought with Luz Diaz • RBS Realty
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Realtor® | Lic# 01332311