Los Angeles, CA 90026,1443 Allison AVE

$1,400,000

Est. payment /mo

$1,680,000

16.7%
Est.Price: ?

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1443 Allison AVE Los Angeles, CA 90026

7,000 Sqft Lot

SOLD DATE : 05/19/2022

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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CRMLS – RECore
Listed by Stephen Eng RE/MAX of Cerritos
Bought with Sonya Coke Compass
agent

Amy Khan

Agent | License ID: 02113285

+1(323) 795-3567

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