Address
3516 Arroyo Seco Avenue, Los Angeles, CA
Price
$ 1,450,000
Property Attributes
- MLS#SR23165151
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaCypress Park
- Zip90065
- StyleApartment
- Price$ 1,450,000
- Bedrooms44
- Full Bathrooms24
- Half Bathrooms0
- Sqr Footage4686
- Lot Size8,193 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description
This offering presents a four-unit multifamily investment opportunity comprising two detached structures, totaling 4,686 square feet of living space on an 8,193 square foot lot. The property includes a front main house boasting 4 bedrooms and 2.5 bathrooms, available for a future owner/user. This provides the opportunity for an owner/user to reside in the front home while generating income from the three rental units at the rear. Alternatively, one can stabilize the front house and explore the potential of converting the existing two-car garage into an ADU (5th unit) to further expand the income generating potential of this property. The rear structure encompasses three rental units, currently occupied. The first unit features 3 bedrooms and one bathroom across two stories, while the second unit offers an upper 2-bedroom, 1-bath layout. The third unit is on the first level which includes 2 bedrooms and 1 bathroom. Your investment serves as the gateway to the Greater Cypress Park neighborhood, surrounded by the lush greenery of Greaver Oak Park, the enduring charm of Heritage Square, and the diverse recreational options available at Lacy Street Park. Sports enthusiasts will find solace in the proximity of Dodger Stadium, home to the iconic Los Angeles Dodgers. Additionally, Cypress Park boasts a thriving artistic community, evidenced by its stunning street murals and flourishing pottery and art studios. Invest in a neighborhood that nurtures creativity and inspiration, attracting like-minded individuals and potential tenants. Do not let this opportunity pass you by. Seize the chance to invest in the Cypress Park lifestyle. Contact us today to grasp this prime opportunity within the Cypress Park community!
| Price History | |
|---|---|
| 9/4/2023 | Listed $1,450,000 |
General Features
| Building Area Units | Square Feet |
|---|---|
| City | Los Angeles |
| Co-Listing Agent State License # | 01305330 |
| Community Features | Street Lights, Sidewalks, Urban |
| County | Los Angeles |
| Directions | Figueroa to Arroyo Seco |
| Entry Location | 2 |
| Garage Spaces | 2 |
| Garage Y/N | Yes |
| Heating | Central |
| Levels | Two |
| Listing Agent | Michael Ascione - BRE#01966195 |
| Listing Agent State License | 01966195 |
| Listing Terms | Cash, Cash to New Loan, Cal Vet Loan, 1031 Exchange |
| Lot Size Square Feet | 8193 |
| MLS Area | CYPK - Cypress Park |
| Open Parking Spaces | 4 |
| Pool Features | None |
| Property Attached Y/N | Yes |
| Property Sub Type Additional | Apartment |
| Property SubType | Apartment |
| Property Type | Residential Income |
| Rent Control Y/N | Yes |
| Senior Community Y/N | No |
| Sewer | Public Sewer |
| Special Listing Conditions | Standard |
| Standard Status | Active |
| Status | Active |
| Stories | 2 |
| Street Name | Arroyo Seco |
| Tax Lot | 11 |
| Total Units | 4 |
| Year Built | 1964 |
| Year Built Source | Assessor |
| Zoning | LARD2 |
Interior Features
| Common Walls | 2+ Common Walls |
|---|---|
| Entry Level | 1 |
| Heating Y/N | Yes |
| Laundry Features | In Garage |
| Street Suffix | Avenue |
| Total Stories | 2 |
Exterior Features
| Buyer Agent Compensation | 2.500 |
|---|---|
| Buyer Agent Compensation Type | % |
| Building Area Total | 4686 |
| Lot Features | Front Yard, Garden, Landscaped, Near Public Transit, Street Level |
| Lot Size Acres | 0.1881 |
| Lot Size Area | 8193 |
| Lot Size Source | Assessor |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
| Number of Separate Electric Meters | 4 |
| Number of Separate Gas Meters | 4 |
| Number of Separate Water Meters | 1 |
| Total Parking | 6 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 90065
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 24, 2023 9:44 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
