9308 Holmes AVE, Los Angeles, CA 90002

$940,000

Est. payment /mo

$849,900

10.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

9308 Holmes AVE Los Angeles, CA 90002

7,152 Sqft Lot

SOLD DATE : 10/02/2023

Key Details

Sold Price $940,000

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB23143175

Sold Date 10/02/23

HOA Y/N No

Year Built 1955

Lot Size 7,152 Sqft

Property Sub-Type Mixed Use

Property Description

Investment Opportunity: Rare - to be delivered Vacant 5-Unit Property in Los Angeles - Welcome to an exceptional investment opportunity in the heart of Los Angeles! This unique property presents a rare chance to acquire a vacant 5-unit building, making it an enticing prospect for seasoned investors and first-time buyers alike. Opportunities like this are hard to come by! All 5 units, including the main house, 2 Bedroom and four 1-bedroom units, will be delivered vacant, Proposed vacancy will be October 1st providing immense potential for immediate occupancy, renovation, or redevelopment.
Prime Location: Situated in one of the most sought-after neighborhoods of Los Angeles, this property enjoys excellent access to essential amenities, public transportation, schools, parks, entertainment, and renowned dining options.
Diverse Rental Potential: With a mix of 4 - 1-bedroom and 1 - 2-bedroom unit, this property caters to a wide range of tenants, including young professionals, small families, and students attending nearby educational institutions.
Investment Flexibility: As a vacant property, you have the flexibility to renovate and upgrade units according to your preferences and market demands, maximizing rental income and overall property value.
Income-Generating Potential: Los Angeles has a strong rental market, making this property an excellent income-generating asset for savvy investors seeking long-term returns.
Development Opportunities: For investors with a vision, this property opens the door to potential development projects, such as expanding the existing structure or exploring other creative uses for the space.
Don't miss out on this unique chance to secure a vacant 5-unit property in Los Angeles. Whether you're an experienced investor looking to add to your portfolio or a future landlord seeking a prime income-generating asset, this investment opportunity promises significant potential for growth and financial success.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LAR2

Interior

Heating Baseboard

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Assigned, Asphalt, Concrete, Driveway

Pool None

Community Features Street Lights, Urban

Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N Yes

View Neighborhood

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 6048033017

Acceptable Financing Submit

Listing Terms Submit

Financing Cash

Special Listing Condition Trust

Lease Land No

Read Less

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


CRMLS Full IDX Feed (MAIN Website Search)
Listed by Venus Martinez Redfin Corporation #01206834
Bought with Esmeralda Castaneda Coldwell Banker Realty
Venus Martinez

Venus Martinez

Redfin Principal Agent License ID: CA #01206834

+1(562) 201-3772

GET MORE INFORMATION

Name
Phone*
Message