$940,000
$849,900
10.6%For more information regarding the value of a property, please contact us for a free consultation.
9308 Holmes AVE Los Angeles, CA 90002
7,152 Sqft Lot
Key Details
Sold Price $940,000
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23143175
Sold Date 10/02/23
HOA Y/N No
Year Built 1955
Lot Size 7,152 Sqft
Property Sub-Type Mixed Use
Property Description
Investment Opportunity: Rare - to be delivered Vacant 5-Unit Property in Los Angeles - Welcome to an exceptional investment opportunity in the heart of Los Angeles! This unique property presents a rare chance to acquire a vacant 5-unit building, making it an enticing prospect for seasoned investors and first-time buyers alike. Opportunities like this are hard to come by! All 5 units, including the main house, 2 Bedroom and four 1-bedroom units, will be delivered vacant, Proposed vacancy will be October 1st providing immense potential for immediate occupancy, renovation, or redevelopment.
Prime Location: Situated in one of the most sought-after neighborhoods of Los Angeles, this property enjoys excellent access to essential amenities, public transportation, schools, parks, entertainment, and renowned dining options.
Diverse Rental Potential: With a mix of 4 - 1-bedroom and 1 - 2-bedroom unit, this property caters to a wide range of tenants, including young professionals, small families, and students attending nearby educational institutions.
Investment Flexibility: As a vacant property, you have the flexibility to renovate and upgrade units according to your preferences and market demands, maximizing rental income and overall property value.
Income-Generating Potential: Los Angeles has a strong rental market, making this property an excellent income-generating asset for savvy investors seeking long-term returns.
Development Opportunities: For investors with a vision, this property opens the door to potential development projects, such as expanding the existing structure or exploring other creative uses for the space.
Don't miss out on this unique chance to secure a vacant 5-unit property in Los Angeles. Whether you're an experienced investor looking to add to your portfolio or a future landlord seeking a prime income-generating asset, this investment opportunity promises significant potential for growth and financial success.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Heating Baseboard
Cooling None
Flooring Laminate
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Assigned, Asphalt, Concrete, Driveway
Pool None
Community Features Street Lights, Urban
Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View Y/N Yes
View Neighborhood
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 6048033017
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Trust
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Bought with Esmeralda Castaneda Coldwell Banker Realty

