Sold: Jun 30, 2021
Address
4581 Finley Avenue Los Angeles, CA
Price
$ 3,500,000
Property Attributes
  • MLS#21688932
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • Zip90027
  • Style
  • Price$ 3,500,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Sqr Footage7638
  • Lot Size8,102 SqFt
Listing Provided Courtesy Of:
Adrian Stepien with Keller Williams Silicon Beach.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

*CALL FOR OFFERS DEADLINE ON TUESDAY FEB 16TH AT 5PM* We are pleased to present 4581 Finley Ave - a 10 unit multifamily investment opportunity located in prime Los Feliz being sold as part of a 3 building portfolio. This wood frame stucco building consists of 7,638 SF of living area and is situated on a 8,101 SF lot. This property features: Three (3) Two Bedroom / One Bath units, Six (6) One Bedroom / One Bath units and One (1) Studio unit. All units are individually metered for both gas and electricity. Further, the property provides 7 parking spaces for the tenants, 6 of which are secured, and an on-site laundry room that provides additional income. This trophy asset has been meticulously cared for by the current owner who takes great pride in his buildings and workmanship. A majority of the units have hardwood/laminate flooring, through-the-wall or 2-zone minisplit A/C systems, Bosch dishwashers, and granite countertops. Additionally, the plumbing was all redone with copper piping, the seismic retrofit was recently completed, and one (2 Bed+1 Bath) unit will be delivered vacant. As a bonus, the tenant reimbursement for the seismic retrofit is pending and can be looked at as potential additional income when approved by the city. This sale presents an incredible opportunity for a new owner/investor to own 3 properties that are all on the same street.

Price History
2/5/2021 Listed $3,550,000

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 90027

Price
AVG $2.61M
$3.5M

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