Highland Park, CA 90042,4939 Malta Street

$950,000

$1,090,000

12.8%
Est.Price: ?

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Est. payment /mo

6 Beds


SOLD DATE : 07/10/2024

Key Details

Sold Price $950,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS24001976

Sold Date 07/10/24

Bedrooms 6

Lot Dimensions 60X140

Property Sub-Type Res Income 2-4 Units

Property Description

Four detached Spanish style houses in the trendy Highland Park area. Front 2 units are 2-bedroom 1 bath. Back units are 1 bedroom 1den and 1 bath each. Carport space is rented separately. Carport's roof was installed in 2015. Other buildings' roof were installed in 2013. Separated Gas and Electrical Meters for each unit. Most tenants have been living there for more than 14 years. Most copper plumbing pipes and most electrical wires were installed in most areas except unit #4939.5 which has not been done. Newer windows for unit#4939.5. Lots of upside rent potential. Centrally located. Minutes away to Downtown L.A., South Pasadena, Mt. Washington, etc... Close to Fwy 101, 110, 5 and 2. Metro Station is nearby. High demand rental area. Great potential for investors or developers. Lots of newer homes are built or under construction in nearby areas. Owners will not evict any tenants and will deliver the property in its "as-is" conditions with tenants. Property needs updates and fix up. Buyer to co-operate with seller for the 1031 tax deferred Exchange at no cost to buyer. Expenses are estimated only. Buyers and buyer's agent to do their due diligence to inspect and investigate the permits, room counts, conditions and development requirements of the property.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Cross Streets: Ave 50

Interior

Cooling Wall/Window

Fireplace No

Exterior

Fence Partial

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Acceptable Financing Cash, Exchange, FHA

Listing Terms Cash, Exchange, FHA

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MLS Router / San Diego MLS
Listed by TALIA LAI Pinnacle Real Estate Group
Bought with NON LISTED AGENT San Diego
Theresa Walker

+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, San Diego, CA, 92101

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