Monterey Park, CA 91755,533 Elizabeth Avenue

$1,580,000

Est. payment /mo

$1,799,000

12.2%
Est.Price: ?

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533 Elizabeth Avenue Monterey Park, CA 91755

9 Beds

4 Baths

0.33 Acres Lot

SOLD DATE : 10/21/2024

Key Details

Sold Price $1,580,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24154695

Bedrooms 9

Lot Size 0.325 Acres

Property Description

Its 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 youre 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!
Its 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 youre 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 Monterey Park (91755)

Zoning Assessor

Interior

Cooling Wall/Window

Exterior

Exterior Feature Stucco

Roof Type Composition

Building

Lot Description Curbs, Sidewalks

Story 2

Others

Monthly Total Fees $97

Acceptable Financing Cash

Space Rent $900

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by Barry Carter • SEGUE PROPERTIES, INC.
Bought with Calvin Wong • HomeSmart, Evergreen Realty

Candi DeMoura

Realtor | License ID: 01930846

+1(858) 900-1333

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