City Terrace, CA 90063,1129 N Rowan AVE

$460,000

Est. payment /mo

$520,000

11.5%
Est.Price: ?

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1129 N Rowan AVE City Terrace, CA 90063

4,356 Sqft Lot

SOLD DATE : 07/16/2019

Key Details

Sold Price $460,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB18164119

Sold Date 07/16/19

HOA Y/N No

Year Built 1929

Lot Size 4,356 Sqft

Acres 0.1

Property Description

MOTIVATED SELLER....BRING ALL OFFERS - Prime City Terrace Location, South of 10 Freeway and minutes from Downtown and California State University of Los Angeles. The Rowan Apartments is located in the unincorporated section of Los Angeles, just East of downtown Los Angeles and just blocks from the 5, 10, 60, 101 and 710 Freeways.

This property consist of four 1 Bed/1 Bath units (two unpermitted/converted units) with 2,120 of rentable square feet of living space, and a large lot size of 4,505 square feet. The current property rents are significantly below market, creating a repositioning opportunity to generate strong cash flows and investment yields. The property is individually metered for electric and gas with the current owner paying the utilities. There’s a garage on-site with tenants utilizing street parking. Seller is Motivated - Bring All Offers!!!

Location

State CA

County Los Angeles

Area Cter - City Terrace

Zoning LCR3*

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Garage On Street

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Urban

Parking Type On Street

Total Parking Spaces 1

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5228026002

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing FHA

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin Russell • Gibraltar Investment Partners Inc
Bought with JOSE ARANA • CENTURY 21 REALTY MASTERS

GUIDE SoCal

Broker | License ID: DRE#01976964

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