For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,925,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 5,977 sqft
Price per Sqft $322
MLS Listing ID 26651133
Bedrooms 13
Year Built 1947
Lot Size 0.503 Acres
Property Description
Buy this for the bread and butter, monetize the upside for the beef. Check out the rents compared to market rents; it looks like 36% upside may be a good estimate. Seller may carry a first trust deed note at market rates, approximately 50% LTV. Lots of open space for ADU's on this 1/2 Acre lot. Per SB 1211, build up to 8 ADU's, subject to State laws, local ordinances, and City of Bell entitlement and permitting requirements. Be sure to vet and validate potential for rent increase and development for your client.
Location
State CA
County Los Angeles
Area T6 - Maywood, Bell
Zoning BLR3YY
Interior
Heating Combination
Exterior
Parking Features Detached Carport, Driveway, On Street
Building
New Construction No
Others
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Michael Gomez Golden Feather Investments, Inc
Nearby Schools & Businesses
Get More Information
Edan Amar Team Account
Broker Associate License ID: 01856096
Broker Associate License ID: 01856096