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Key Details
Sold Price $950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 15960301
Sold Date 09/22/16
Construction Status Updated/Remodeled
HOA Y/N Yes
Year Built 1950
Lot Size 0.774 Acres
Property Description
Rare opportunity in Topanga: Remodelled, freshly painted legal quadruplex in a rural, peaceful, creekside setting with canyon and mountains views. Each unit is 1 bedroom, 1 bath, with a back enclosed patio/garden. All happily rented. No traffic noise! !!! 2 lots totalling 3/4 acre. Communal laundry room and Propane is included. Individual electric meters. Communal outdoor grassy recreation area, underground cistern, 2nd detached building originally permitted as garage/recreation room has been remodelled without permits into a 2 bedrooms, 1 bath, very large Living room with attached storage/artist studio with loft, also rented. This property will be bringing $96,000 Gross Income in 2016. Positive Cash flow...
Location
State CA
County Los Angeles
Area Top - Topanga
Zoning LCA11*
Interior
Fireplace No
Appliance Gas Oven
Laundry Common Area, Laundry Room
Exterior
Garage Gravel, Uncovered
Amenities Available Picnic Area, Trail(s)
View Y/N Yes
View Canyon
Roof Type Composition
Parking Type Gravel, Uncovered
Total Parking Spaces 8
Building
Story 1
Construction Status Updated/Remodeled
Others
Tax ID 4438016004
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash,Cash to New Loan
Special Listing Condition Probate Listing
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Bought with Chantal Mcbride • Topanga Properties