Sold for $950,000 on 05/02/23
Listing Provided by:
Keaton Quaack DRE #02172607 562-743-8204,
Lyon Stahl Investment Real Estate, Inc.,
Joshua Barut DRE #01971720,
Lyon Stahl Investment Real Estate, Inc.
Bought with: KW Advisors
$950,000
5534 W Geer Ave, Los Angeles, CA 90016
3beds
2baths
1,332sqft
Duplex
Built in 1966
-- sqft lot
$1,009,200 Zestimate®
$713/sqft
$3,495 Estimated rent
Owner options
What's special
We are pleased to exclusively offer for sale this sleek Duplex located in the lively West Adams neighborhood of Los Angeles. This 4,798 SF Tier 3 TOC Lot runs adjacent to Culver City and is strategically positioned near Amazon Studios, HBO Headquarters, and the La Cienega/Jefferson & Expo/La Brea Transit Stations. The building features a Fully Remodeled Owner’s Unit in the back that will be delivered VACANT. This beautifully designed unit boasts a well-lit and open floor plan, new stainless steel appliances and HVAC system, tasteful finishes and fixtures in both the kitchen and bathroom, and new hardwood/tile flooring throughout. This 793 SF, 1 Bed/1 Bath structure is accompanied by an attached ~160 SF addition (with all the same finishes) that can double as an Office or a 2nd Bdrm. Further, this Back Unit is served by a gated perimeter that provides its occupant w/ a privately secluded, outdoor oasis that is lush with ample outdoor living space, a hip lounge/fireplace area, and gorgeous greenery throughout. In the front half of the lot, there is a detached, 1 Bed/1 Bath Unit that’s been recently renovated and features an open floor plan, laminate flooring, and a large kitchen w/ a breakfast bar and abundant cabinet space. In addition, the tenants have access to a 2-Car Carport and (6) Total Parking Spaces on site, which is especially significant in this parking impacted submarket. Also, there are (2) detached, ~80 SF Storage Units that can most certainly be leveraged for additional income. All in all, the building’s close proximity to USC, DTLA, etc provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, especially as it falls in an “Opportunity Zone”.
Zillow last checked: 8 hours ago
Listing updated: May 04, 2023 at 03:18pm
Listing Provided by:
Keaton Quaack DRE #02172607 562-743-8204,
Lyon Stahl Investment Real Estate, Inc.,
Joshua Barut DRE #01971720,
Lyon Stahl Investment Real Estate, Inc.
Bought with:
Richard Schulman, DRE #01427211
KW Advisors
Amy Johns, DRE #02055816
KW Advisors
Source: CRMLS,MLS#: SB23030132
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Other
- Features: Walk-In Closet(s)
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Freezer, Gas Cooktop, Disposal, Gas Oven, Microwave, Refrigerator
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Beamed Ceilings, Storage, Walk-In Closet(s)
- Flooring: Wood
- Doors: Double Door Entry
- Windows: Screens
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,332
- Total interior livable area: 1,332 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Carport spaces: 4
Accessibility
- Accessibility features: Parking, Accessible Doors
Features
- Exterior features: Lighting, Rain Gutters
- Pool features: None
- Has spa: Yes
- Spa features: Above Ground
- Fencing: Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 4,798 sqft
- Features: 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Sprinklers In Front, Landscaped, Near Public Transit, Paved, Rectangular Lot, Rocks, Sprinkler System, Yard
Details
- Additional structures: Shed(s), Storage
- Parcel number: 5048024009
- Zoning: LARD2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1966
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Key Card Entry, Smoke Detector(s)
Community
- Community features: Biking, Curbs, Dog Park, Gutter(s), Park, Sidewalks, Urban
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Conventional
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Estimated market value
$1,009,200