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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24105424
Sold Date 08/19/24
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1953
Lot Size 6,891 Sqft
Property Description
What has been a family compound and cherished sanctuary for several decades now comes to market as your opportunity to own a 4-unit property in East Los Angeles. Located at 3723 East 5th Street in Los Angeles (90063) this property is ripe with opportunity. One of the most compelling features of this opportunity is its exceptional unit mix. At the heart of the apartment complex is “the owner’s unit.” The owner’s unit is a 4-bedroom, 3-bathroom unit designed to accommodate the dynamic needs of a busy household. Yet, another opportunity with the owner’s unit is the possibility of splitting this home into two units. The existing floopland should be easy to convert into a 3 bed, 1 3/4 bath owner’s unit and a 1 bedroom, 1 bathroom attached ADU. In addition to “the owner’s unit” there are an additional three units that are 2 bedrooms and 1 bathroom each. Since this property has been used as a family compound for many years 3723 East 5th Street will be delivered with the owner’s unit and a two bedroom, one bath unit vacant at the close of escrow. The versatile floorplan along with two units delivered vacant at the close of escrow make’s it clear that 3723 East 5th Street is offering you the ability to immediately generate market rent regardless of whether you live in one and rent the others or just have it be a stand-alone income opportunity. While I am speaking of income opportunities 3723 East 5th Street has a four car garage that will be delivered vacant as well. This is another area of the property where you may be able to generate additional income by renting the individual parking spots. Whether 3723 East 5th Street will be your family compound or an addition to your real estate portfolio I invite you to come and see all that this property has to offer you!
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LCR4*
Interior
Interior Features Ceiling Fan(s), Storage, Unfurnished, Bedroom on Main Level
Heating Ductless, Wall Furnace
Cooling Ductless, See Remarks, Wall/Window Unit(s)
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Built-In Range, Double Oven, Dishwasher, Gas Water Heater, Refrigerator, Water Heater, Dryer, Washer
Laundry Washer Hookup, Gas Dryer Hookup, Inside, In Garage
Exterior
Garage Door-Multi, Driveway, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Gated
Garage Spaces 4.0
Garage Description 4.0
Fence Block, Brick, Chain Link, Good Condition, Wrought Iron
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, See Remarks, Water Connected, Overhead Utilities
View Y/N No
View None
Roof Type Composition
Accessibility Grab Bars, No Stairs
Parking Type Door-Multi, Driveway, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Gated
Total Parking Spaces 8
Private Pool No
Building
Lot Description Front Yard, Near Public Transit, Paved, Rectangular Lot
Story 2
Entry Level Two
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 5238003022
Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Window Bars
Energy Description 600.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Trust
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Bought with Rudolph Vazquez • Berkshire Hathaway HomeServices CA Properties
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