$1,400,000
$1,680,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
1443 Allison AVE Los Angeles, CA 90026
7,000 Sqft Lot
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID RS22004226
Sold Date 05/19/22
HOA Y/N No
Year Built 1923
Lot Size 7,000 Sqft
Property Sub-Type Quadruplex
Property Description
First Time on the Market after over 30years. Oversized and Centrally Located Quadruplex in Heart of Angelino Heights in the neighborhood of Echo Park! Nestled on a sprawling 7,000sqft lot in one of LA's trendiest neighborhoods, this four-unit, 4,372sqft property is only minutes from exciting entertainment, popular restaurants, Echo Park Lake and Dodger Stadium. Each 2BR/1BA home has been maintained over the years, but will require TLC to reflect the needs of everchanging modern lifestyles. Filled with shimmering sunlight, every interior includes an openly flowing floorplan, a large living room, and a fully-equipped kitchen featuring a range/oven, solid surface countertops, ample cabinetry, and a refrigerator. Perfect for relaxation, all bedrooms are abundantly sized with dedicated closets, while each full bathroom has a shower/tub combo. Savvy homeowners may easily live in one unit, while renting out the other units to help pay down the mortgage quickly. Alternatively, you may continue to rent all units or add extra units in the back for even more residual income. Other features: four 1-car garages (detached), tenant-paid utilities, LA-RD2 zoning, lies within the HPOZ Historic Preservation Overlay Zone, less than 15-minutes from multiple studios, quick 8-minute drive from Downtown, close to shopping, parks, entertainment, grocery stores, cafés, and schools, and so much more! Located in an extremely hot area and featuring huge upside potential for increased rents, this quadraplex will not last long. Call now to find out more about this healthy portfolio addition!
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD2
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Front Yard, Lawn, Near Public Transit
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5405002020
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Sonya Coke Compass