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$830,000
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Property Description
We are pleased to present the opportunity to acquire a triplex in the Broadway-Manchester neighborhood of South Los Angeles. Built originally in 1939 as a duplex, this property is poised to receive a new certificate of occupancy in 2024 for the conversion of the original single-family home into two separate units. This property will feature two vacant 925 square foot units, each with 3-bedrooms and 1-bathroom, and a tenant-occupied 674 square foot 1-bedroom and 1-bathroom unit with a private patio. Together, they offer a total of 2,524 square feet of rentable space on a 5,410 square foot lot. The newer units are equipped with copper plumbing, updated electrical systems, and a newer roof, which is backed by a 10-year warranty thanks to a recent layer of protective silicone. The one-bedroom unit includes a two-car garage, providing valuable parking and storage space. Outdoor living is enhanced with a spacious shared patio for the three-bedroom units, ideal for relaxation and entertainment. For owner-occupiers, this triplex presents an exceptional opportunity for you to occupy one of the units while immediately generating rental income from the others. Additionally, favorable financing terms are available for owner-occupiers, including options with as low as 5% down, making it an accessible and attractive option for those looking to enter the multifamily ownership market. Essential public transportation options are readily available, with several stops near Main and Colden. Notable nearby attractions include The Forum, SoFi Stadium, Gramercy Park, and the renowned Earvin Magic Johnson Park. Additionally, for those who commute, the property's proximity to the 105 and 110 Freeways ensures easy access to various parts of Greater Los Angeles.
Full Property Details
Full Property Details for 154 E Colden Ave
General
- Sold For: $830,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 23-338153
- Added to Site: 328 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Additional Information
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Garage - 2 Car
Location
- Area: Metropolitan South
- County: Los Angeles
- Driving Directions: Head South on Main Street and turn left onto Colden Ave. The subject property is on the corner of Colden Ave. and Wall St.
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 2
- Common Walls: Attached
- Stories/Levels: 1
- Square Feet: 2,524
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1939
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 3
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 3
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1242
- Lot Size: 5410
- Lot Size Source: Vendor Enhanced
- Zoning: LAR2
Financial Considerations
- Price Per Sq. Ft.: $336.77
- Assessment Year: 1939
Disclosures and Reports
- Disclosures/Reports: None
- APN: 6052-004-020
Listed by Marcus & Millichap, Sevak Keshishian
Sold by Realty Executives All Cities, Jorge Serna
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Schools
Schools serving 154 E Colden Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
330 E 93rd St, Los Angeles, CA 90003 | K-6 | 0.3 mi | |
234 E 112th St, Los Angeles, CA 90061 | 6-8 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 154 E Colden Ave
Date
Details
Price
Change
Source
7/10/2024
Sold
$830,000
-2.35%
MLS
12/08/2023
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
154 E Colden Ave, Los Angeles, CA 90003 (MLS# 23-338153) is a Multi-Family property that was sold at $830,000 on July 10, 2024. Want to learn more about 154 E Colden Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.