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9308 Holmes Avenue
Los Angeles, CA 90002
Sold
Investment Opportunity: Rare - to be delivered Vacant 5-Unit Property in Los Angeles - Welcome to an exceptional investment opportunity in the heart of Los Angeles! This unique property presents a rare chance to acquire a vacant 5-unit building, making it an enticing prospect for seasoned investors and first-time buyers alike. Opportunities like this are hard to come by! All 5 units, including the main house, 2 Bedroom and four 1-bedroom units, will be delivered vacant, Proposed vacancy will be October 1st providing immense potential for immediate occupancy, renovation, or redevelopment. Prime Location: Situated in one of the most sought-after neighborhoods of Los Angeles, this property enjoys excellent access to essential amenities, public transportation, schools, parks, entertainment, and renowned dining options. Diverse Rental Potential: With a mix of 4 - 1-bedroom and 1 - 2-bedroom unit, this property caters to a wide range of tenants, including young professionals, small families, and students attending nearby educational institutions. Investment Flexibility: As a vacant property, you have the flexibility to renovate and upgrade units according to your preferences and market demands, maximizing rental income and overall property value. Income-Generating Potential: Los Angeles has a strong rental market, making this property an excellent income-generating asset for savvy investors seeking long-term returns. Development Opportunities: For investors with a vision, this property opens the door to potential development projects, such as expanding the existing structure or exploring other creative uses for the space. Don't miss out on this unique chance to secure a vacant 5-unit property in Los Angeles. Whether you're an experienced investor looking to add to your portfolio or a future landlord seeking a prime income-generating asset, this investment opportunity promises significant potential for growth and financial success.
PROPERTY INFORMATION
| MLS # | SB23143175 | Lot Size | 7,154 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 849,900
Price Per SqFt: $ 333 |
DOM | 642 Days |
| Address | 9308 Holmes Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,552 Sq. Ft. |
| Postal Code | 90002 | Garage | N/A |
| County | Los Angeles | Year Built | 1955 |
| Bed / Bath | 6 / 0 | Parking | 6 |
| Built In | 1955 | Status | Closed |
| Sold Date | 2023-10-02 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | No |
| Kitchen Appliances | None |
| Has Heating | Yes |
| Heating Information | Baseboard |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Laminate |
| EntryLocation | side |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $907
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/02/2023 | Sold | $940,000 |
| 08/03/2023 | Listed | $849,900 |
Topfind Realty
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Listing provided courtesy of Venus Martinez, Redfin Corporation. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
