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Property Description

Four detached Spanish style houses in the trendy Highland Park area. Front 2 units are 2-bedroom 1 bath. Back units are 1 bedroom 1den and 1 bath each. Carport space is rented separately. Carport's roof was installed in 2015. Other buildings' roof were installed in 2013. Separated Gas and Electrical Meters for each unit. Most tenants have been living there for more than 14 years. Most copper plumbing pipes and most electrical wires were installed in most areas except unit #4939.5 which has not been done. Newer windows for unit#4939.5. Lots of upside rent potential. Centrally located. Minutes away to Downtown L.A., South Pasadena, Mt. Washington, etc... Close to Fwy 101, 110, 5 and 2. Metro Station is nearby. High demand rental area. Great potential for investors or developers. Lots of newer homes are built or under construction in nearby areas. Owners will not evict any tenants and will deliver the property in its "as-is" conditions with tenants. Property needs updates and fix up. Buyer to co-operate with seller for the 1031 tax deferred Exchange at no cost to buyer. Expenses are estimated only. Buyers and buyer's agent to do their due diligence to inspect and investigate the permits, room counts, conditions and development requirements of the property.

Overview

Property Status
Sold
Date Sold
July 10, 2024
Lot Size
8,400 Sq.Ft.
MLS ID
WS24001976
Property Type
Multi-Family
Year Built
1927

Features & Amenities

Total Area
2,724 Sq.Ft.
Neighborhood
Los Angeles
View Description
None
Stories
1
Water Source
Public
Utilities
Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Pool
None
Lot Features
Street Level
Parking
Assigned, Carport, One Space
Heat Type
Wall Furnace
Air Conditioning
Wall/Window Unit(s)
Laundry Room
None
Fireplace
None
Appliances
Gas Range, Gas Water Heater
Sewer
Public Sewer
Substructure
Raised
Disability Features
Parking
Sales Price
$950,000
Maintenance Fee
$2,000/mo

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4939 Malta Street

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for your interest in 4939 Malta Street, Highland Park, CA 90042

4939 Malta Street
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