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533 Elizabeth AVE Monterey Park, CA 91755
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Key Details
Sold Price $1,580,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRCV24154695
Sold Date 10/21/24
Style Traditional
Originating Board California Regional MLS
Year Built 1954
Lot Size 0.325 Acres
Property Sub-Type Fourplex
Property Description
It's here. Your Multi-unit Investment Opportunity awaits!! We have a 4,100 sq ft quadruplex available on a decent sized 14,160 sq ft lot in desired Monterey Park! Addresses included in sale on this property are: 533, 535, 537 and 539 Elizabeth Avenue. The units consist of (1) 3 bedroom / 1 bath larger 2 story unit and (3) 2 bedroom / 1 bath smaller 1 story units. Each unit has been individually maintained over the years and have their own individual private backyards. Additionally, some of the units have been upgraded with granite counter tops, wood floors, cabinets, pavers, etc. All units are currently rented on month to month leases with rents below average rental prices for the area so this features great upside potential. Each unit has 1 spot inside the 2 double garages (total of 4 spots) plus additional driveway & street parking as well. Whether you're a seasoned investor looking to diversify your portfolio, or someone new to real estate investment, this property is waiting for you. This property is close to Downtown LA, shopping, restaurants, parks, schools, public transportation and freeways! DRIVE BY ONLY!! DO NOT DISTURB TENANTS!
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Rooms
Kitchen Garbage Disposal, Other, Oven Range - Built-In, Oven Range
Interior
Heating Other, Space Heater, Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate, Other
Laundry In Kitchen
Exterior
Parking Features Storage - RV, Attached Garage, Garage, Other
Garage Spaces 8.0
Pool 31, None
View Other, None
Roof Type Composition
Building
Lot Description Grade - Level
Foundation Other, Raised
Water District - Public
Architectural Style Traditional
Others
Tax ID 5258016019
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Bought with Calvin Wong