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$1,200,000
Est. payment /mo
9,794 Sqft Lot
UPDATED:
01/16/2025 10:32 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24220342
Originating Board California Regional MLS
Year Built 1948
Lot Size 9,794 Sqft
Property Description
Remodeled 4 Bedroom house plus three additional income units plus land available. This renovated 4-plex comes with an oversized 9,794 sqft lot with a large undeveloped area perfect for building ADU's. Great cashflow asset with tremendous upside. There is over 166% upside in rental income once the ADUs are built out. Renderings (only) for ADU's are available in the marketing deck. A New owner can build ADUs on open area and convert the current storage/laundry to an ADU. 1401 S Willowbrook Ave is comprised of (1) 4Bed+ 2 Bath home and (3) 1Bed+1Bath. All units have been remodeled including flooring, countertops, paint, doors, appliances, etc. There is also copper plumbing throughout the building, as well as upgrades to exterior stucco and paint, wrought iron fencing with sliding security gates, concrete walkways, decking upstairs and water heaters. Each tenant has gated parking and large private walk-in storage rooms accessible through laundry room. Whether you are an owner/user or investor, this is the perfect opportunity to break into the real estate market! 5% down, FHA, VA, NACA, All program loans accepted. OM in the supplements. Property is eligible for Community Lending Program which can give $2k-$30K off in closing costs to buy down the rate and allows a
Location
State CA
County Los Angeles
Area Rp - Compton S Of Rosecrans, E Of Central, W Of Ala
Interior
Laundry Other
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 6163011022
Special Listing Condition Not Applicable
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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.