6129 Allston Street,  Los Angeles CA, 90022 (Residential Income)

7,443 sqft
Status: Sold
MLS#: 16123048
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Last Updated: 12/4/2016 2:49 AM
Description for 6129 Allston Street Los Angeles, CA 90022
We are pleased to present for sale this 14 Unit Multi-Family investment opportunity in Unincorporated East Los Angeles. Built in 1929, the property consists of ten (10) spacious studios and four (4) 1 bedroom/1 bath units spread across 7,433 square feet of building space situated on a 4,993 Square Foot Lot. This NON RENT CONTROL asset with a unique mix of studios and one bedroom units holds a stable occupancy history in one of the lowest vacancy pockets in Los Angeles. The units are walking distance to Whitter Blvd and minutes away from its desirable neighboring cities of Montebello and Monterey Park. This trophy investment is a perfect example of an owner that takes pride in their ownership. The units have been professionally and proactively managed since 2004 and have undergone many recent capital improvements such as being seismically "Earthquake"reinforced in 2004. Also in 2016, the entire properties plumbing system was upgraded to Type L Copper - Horizontal and Vertical.
Price
Sold Price:
$1,900,000
Sold Date:11/29/2016
Los Angeles
7,443 (approx)
16123048
Closed
Description
We are pleased to present for sale this 14 Unit Multi-Family investment opportunity in Unincorporated East Los Angeles. Built in 1929, the property consists of ten (10) spacious studios and four (4) 1 bedroom/1 bath units spread across 7,433 square feet of building space situated on a 4,993 Square Foot Lot. This NON RENT CONTROL asset with a unique mix of studios and one bedroom units holds a stable occupancy history in one of the lowest vacancy pockets in Los Angeles. The units are walking distance to Whitter Blvd and minutes away from its desirable neighboring cities of Montebello and Monterey Park. This trophy investment is a perfect example of an owner that takes pride in their ownership. The units have been professionally and proactively managed since 2004 and have undergone many recent capital improvements such as being seismically "Earthquake"reinforced in 2004. Also in 2016, the entire properties plumbing system was upgraded to Type L Copper - Horizontal and Vertical.
Listing Information
Property Type: Cluster, Other
0.11 Acres 499,300 sq.ft. 7,443 (approx)
$255.27 1929
Yes- 4 spaces
Common Hot Water Heater
14 Total
Neighborhood
Room Information
No Laundry Facility
Interior Features
Carpet Wall to Wall, Ceramic Tile, Laminate
None
No Fireplace
Card Entry,
Exterior / Lot Features
4 Garage Spaces, 4 Parking Spaces, Garage
None
No Pool
50X100
LCR3YY
Driving Directions
Property is located one block south of Whittier Boulevard just east of Hendricks Avenue on Allston Street.
Financial Considerations
6339017019
,$55,091
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90022 has a population of 3,804,503.

The median household income in Los Angeles, California 90022 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90022 is 34.1 years.

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Courtesy: Remax Commercial and Investmen Shant Sherbetdjian
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