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670 S Gerhart AVE #672 East Los Angeles, CA 90022
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Key Details
Sold Price $725,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB20248976
Sold Date 01/05/21
HOA Y/N No
Year Built 1955
Lot Size 6,534 Sqft
Property Description
670/672 S. Gerhart Ave. is a non-rent control attached duplex offering approximately 1,730 square feet of combined living space on an approximate 6,612 square foot lot. Gerhart offers an owner/user the opportunity to live in one unit and collect current market rent on the other and or the savvy investor a potential CAP rate of 5.55%+. The front unit is an oversized 1 bedroom 1 full bath with a very functional floor plan. The unit offers a rare eat in kitchen, laundry hook-ups, new carpet in bedroom, wood flooring in the common areas, tile floor in kitchen/bath, tons of natural light and freshly painted. The rear unit, which feels more like a detached home, has 2 bedrooms, 1 full bathroom with an eat in kitchen and a back porch with laundry hook-ups that lead directly to the rear yard. There is new carpet in both bedrooms, wood flooring in living and common areas and tile flooring in the kitchen and bathroom. The double wide driveway allows ample parking that ends with a detached garage + the lot features a front and rear yard to easily allocate private outdoor space for each unit! Gerhart is surrounded by the 60, 710 and 5 freeway; walking distances to big box retailers such as Target/Ross as well as major banks Wells Fargo/Chase and minutes away from the Citadel Outlets that offer over 130 retail stores to shop!
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCR305
Interior
Heating Wall Furnace
Cooling None
Flooring Concrete, Laminate, Tile
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup, Inside, In Kitchen
Exterior
Garage Spaces 2.0
Garage Description 2.0
Fence Chain Link
Pool None
Community Features Curbs, Gutter(s)
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6342025018
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing FHA
Special Listing Condition Standard
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Bought with Johnhenry Cabeso • Compass