$410,000
$375,000
9.3%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
2,478 SqFt
SOLD DATE : 01/22/2014
Key Details
Sold Price $410,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,478 sqft
Price per Sqft $165
MLS Listing ID SR13245230
Sold Date 01/22/14
Bedrooms 7
Three Quarter Bath 5
HOA Y/N No
Year Built 1908
Lot Size 6,490 Sqft
Property Description
The 2-4 Unit Specialists are pleased to offer for sale the fee-simple interest in 263 Union Pl, a single family residence with three additional bonus units.
For those of you in search of a home, 263 Union Pl has preserved the original front house, providing the ideal set up– live in the front and collect ample rent to pay off the property.
For investors, this is your opportunity to acquire a property with an astronomical 14.61% return. This property is truly a cash cow.
In addition to its exceptional return, 263 Union Pl is located blocks from prime Downtown Los Angeles and minutes from the popular Echo Park and Silver Lake “hipster” scene. This area is gentrifying more and more by the day, causing ever-increasing rents and a wave of quality tenants in search of housing nearby so many popular destinations. This property is ideal for buyers looking to enter a market that is poised for growth similar to what took place in Silver Lake.
263 Union Pl is made up of a 3 bed, 2 bath main house, a 2 bedroom, 1 bath unit, and two fully renovated 1 bedroom, 1 bath units. Both of the 1 bedroom, 1 bath units have been recently remodeled and are in excellent condition.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Assigned
Carport Spaces 3
Pool None
Community Features Curbs, Sidewalks
Utilities Available Sewer Available
View Y/N Yes
View City Lights
Total Parking Spaces 5
Private Pool No
Building
Lot Description Back Yard
Story 2
Entry Level Two
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 5153010018
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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