$730,000
$750,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
5,580 Sqft Lot
SOLD DATE : 07/12/2024
Key Details
Sold Price $730,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24075943
Sold Date 07/12/24
HOA Y/N No
Year Built 1956
Lot Size 5,580 Sqft
Property Description
Renovated and fully vacant SFR + ADU! 4011 E Elizabeth
is the perfect opportunity to owner occupy the
3Bed+2Bath home in the front and rent out the ADU to
offset your mortgage! You can pick your own tenants!
This 2,250 square foot building is situated on a 5,578
square foot lot, zoned LCR1. This property is priced at
only $375k/unit $333/sqft! This is one of the lowest
price/units & price/sqft in the neighborhood.
Once both units are rented for market, the property will
operate at 5.83% cap rate and 11.79 GRM. Whether you
are an owner/user or investor, this is the perfect
opportunity to break into the real estate market!
Renovated and fully vacant SFR + ADU! 4011 E Elizabeth
is the perfect opportunity to owner occupy the
3Bed+2Bath home in the front and rent out the ADU to
offset your mortgage! You can pick your own tenants!
This 2,250 square foot building is situated on a 5,578
square foot lot, zoned LCR1. This property is priced at
only $375k/unit $333/sqft! This is one of the lowest
price/units & price/sqft in the neighborhood.
Once both units are rented for market, the property will
operate at 5.83% cap rate and 11.79 GRM. Whether you
are an owner/user or investor, this is the perfect
opportunity to break into the real estate market!
*ADU has not been permitted - Minor costs with permitting and plans and adding a firewall to legalize. Approximate cost between $15-$30K.
Location
State CA
County Los Angeles
Area Ro - Compton S Of Rosecrans, E Of Alameda
Zoning LCR1YY
Interior
Heating Central
Fireplace No
Laundry None
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7301014009
Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan
Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan
Financing FHA
Special Listing Condition Standard
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Bought with Anthony Estevez • The Ave