$1,045,000
$1,099,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
1,742 Sqft Lot
SOLD DATE : 07/14/2021
Key Details
Sold Price $1,045,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-3556
Sold Date 07/14/21
HOA Y/N No
Year Built 1922
Lot Size 1,742 Sqft
Property Description
UNIT A JUST LEASTED FOR $1200, so imagine the potential to create more equity aside from the increasing market prices! Chance to own a part of history in this unique enclave of Sierra Madre. Located next to Mary's Market in the Sierra Madre Canyon area where you're surrounded by nature. The 'Kozy Korner' as it is warmly referred to by everyone features a large unit around 750 sq ft where one could live and rent out the other units. There are a total of 4 units with 3 other units all leased out and updated. The largest unit will be ready for immediate lease or move-in upon close of escrow. UNIT D IS THE LARGEST UNIT WITH A POSSIBLE RENT AROUND $1800/mo. The surrounding neighborhood offers a park-like atmosphere where one can enjoy all the outdoors have to offer and just minutes from trails. These units have always had lots of people trying to move in when there is a vacancy. Improvements to the Kozy Korner complex are as follows: New roof, plumbing work, electrical, updated units A B C & D, soundproofing, and sewer main replacement all at a cost of $120,458.
Location
State CA
County Los Angeles
Area 656 - Sierra Madre
Rooms
Ensuite Laundry Common Area, See Remarks
Interior
Laundry Location Common Area,See Remarks
Heating Space Heater
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Free-Standing Range, Refrigerator, Dryer, Washer
Laundry Common Area, See Remarks
Exterior
Garage None
Fence None
Pool None
Community Features Foothills
View Y/N No
View None
Parking Type None
Private Pool No
Building
Lot Description Sprinklers None
Sewer Other
Water Other
Others
Senior Community No
Tax ID 5763024004
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to New Loan,Conventional
Special Listing Condition Standard
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Bought with Justin Smith • Berkshire Hathaway HomeService
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Broker Associate | Lic# 01905244