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Listed by Matt Cuong Ly • Coldwell Banker Realty
$ 7,995,000
Est. payment | /mo
14,742 SqFt
$ 7,995,000
Est. payment | /mo
14,742 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 14,742 sqft
Price per Sqft $542
MLS Listing ID AR-24243115
Year Built 1965
Lot Size 9,524 Sqft
Property Description
Discover a prime turnkey 3-story apartment building just blocks from the renowned California Institute of Technology. This fully rehabbed property features upgraded electrical systems, 80% replumbed infrastructure, and individual electric meters. The completed soft story retrofit enhances safety and stability, while each unit boasts new bathrooms, kitchens, and flooring. Equipped with in-unit washer/dryer combos, stoves, refrigerators, and microwaves, these apartments are designed for easy rental and high occupancy rates. With its strategic location near Caltech, this property is an outstanding opportunity for investors seeking a cash-flowing asset in a desirable area.
Location
State CA
County Los Angeles
Zoning PSR4
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Assigned
Pool None
Community Features Urban
Utilities Available Sewer Connected, Water Connected, Electricity Connected
View Y/N Yes
View Mountain(s)
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer
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Darren Humphrey
Partner | Lic# DRE 01724424