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Sold for $1,530,000 on 01/02/24
  • Listing Provided by: 

    Stephanie Barnes DRE #01845091 sbarnessold@gmail.com,

    Real Estate eBroker, Inc.

    Bought with: Jason Mitchell Real Estate CA
    $1,530,000

    2001 Valley St, Los Angeles, CA 90057

    4beds
    4baths
    2,425sqft
    Quadruplex
    Built in 1930
    -- sqft lot
    $1,523,800 Zestimate®
    $631/sqft
    $1,538 Estimated rent

    Owner options

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    $1,538/mo

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    $1,538/mo

    Rent Zestimate®

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    $9,580/mo

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    $9,580/mo

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    What's special

    Attention Investors and Homebuyers! Incredible Opportunity: 4-Plex Back on the Market!!!! Are you searching for the perfect real estate investment? Look no further! We are excited to present to you a remarkable 4-Plex that has just become available again and is ready to be sold ASAP. Don't miss out on this golden chance to secure a profitable venture or find your dream home with multiple income streams. PLEASE DRIVE BY THE PROPERTY BEFORE SUBMITTING AN OFFER. ONE UNIT LEASED FOR 12 MONTHS FOR $3,675 PER MONTH! The other 3 units have had rent increases as of May 1st. Amazing four-plex opportunity minutes from Downtown Los Angeles! An FHA buyer's dream, this unique complex can be used for new owners to live in while renting the other three units. This well kept property consists of three 1bd/1ba bungalows and one large 1bd/1ba apartment located in the heart of the Historic Filipino Town. The adorable 1bd/1ba 1930's Spanish bungalows exude original charm with modern interiors. The bungalows are gut remodeled and re-imagined by the renowned firm Lehrer Architects. Functioning as independent homes with their own large fenced private yards. The bungalows feature open kitchen floor plans, high-end stainless-steel appliances, AC, laundry room, walk-in closets, updated flooring and bathrooms. The spacious apartment sits above the garage featuring an open living room, large kitchen, large walk-in closet, AC, recessed lighting, vinyl and wood flooring. This gated and secure complex has it all and boasts newer electrical, copper plumbing, windows, and doors throughout the property. Covered remote-gated tandem parking spaces for each unit. Occupied units command very strong rents from high quality tenants. Newer developments in the immediate neighborhood include multiple large multi-family projects, a Target and more to come in the very near future. Perfect for investors who want to enjoy high market rental rates and strong long-term appreciation. The property is also zoned R3 with big potential for developers to reimagine in a variety of ways. Take advantage of this moment to secure a property that not only offers immediate returns but also has the potential for long-term appreciation. Do not disturb tenants!! Tour available upon accepted offer. Don't let this second chance slip away. Act quickly to secure this amazing 4-Plex investment opportunity.

    Zillow last checked: 8 hours ago

    Listing updated: January 03, 2024 at 10:10am

    Listing Provided by:

    Stephanie Barnes DRE #01845091 sbarnessold@gmail.com,

    Real Estate eBroker, Inc.

    Bought with:

    Deborah Bush, DRE #01964485

    Jason Mitchell Real Estate CA

    Source: CRMLS,MLS#: PT23192133MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Bedroom
    • Features: All Bedrooms Down
    Appliances
    • Included: Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Water To Refrigerator, Water Heater, Washer
    • Laundry: Washer Hookup, Gas Dryer Hookup, Inside, Stacked
    Features
    • Open Floorplan, Recessed Lighting, Tandem, All Bedrooms Down
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,425
    • Total interior livable area: 2,425 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Assigned, Controlled Entrance, Covered, Detached Carport, Tandem, Uncovered
    • Carport spaces: 3
    • Uncovered spaces: 5
    Features
    • Levels: One
    • Stories: 1
    • Entry location: ground level
    • Pool features: None
    • Spa features: None
    • Fencing: Wood
    Lot
    • Size: 6,398 sqft
    • Features: 2-5 Units/Acre, Corner Lot, Front Yard, Yard
    Details
    • Parcel number: 5154004012
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Bungalow
    • Property subtype: Quadruplex
    Materials
    • Stucco
    Condition
    • Updated/Remodeled,Turnkey
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Electric: Electricity - On Property
    • Sewer: Public Sewer, Sewer Tap Paid
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Security Gate, Gated Community, Smoke Detector(s)
    Community
    • Community features: Curbs, Street Lights, Sidewalks, Gated
    Location
    • Region: Los Angeles

    HOA & financial

    Other financial information
    • Total actual rent: 6740

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
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    Estimated market value
    $1,523,800