Los Angeles, CA 90063,3723 E 5th ST
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Los Angeles, CA 90063,3723 E 5th ST
Los Angeles, CA 90063,3723 E 5th ST
Los Angeles, CA 90063,3723 E 5th ST
Los Angeles, CA 90063,3723 E 5th ST

$1,350,000

Est. payment /mo

$1,350,000

Est.Price: ?

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3723 E 5th ST Los Angeles, CA 90063

6,891 Sqft Lot

SOLD DATE : 08/19/2024

Key Details

Sold Price $1,350,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24105424

Sold Date 08/19/24

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1953

Lot Size 6,891 Sqft

Property Description

What has been a family compound and cherished sanctuary for several decades now comes to market as your opportunity to own a 4-unit property in East Los Angeles. Located at 3723 East 5th Street in Los Angeles (90063) this property is ripe with opportunity. One of the most compelling features of this opportunity is its exceptional unit mix. At the heart of the apartment complex is “the owner's unit.” The owner's unit is a 4-bedroom, 3-bathroom unit designed to accommodate the dynamic needs of a busy household. Yet, another opportunity with the owner's unit is the possibility of splitting this home into two units. The existing floopland should be easy to convert into a 3 bed, 1 3/4 bath owner's unit and a 1 bedroom, 1 bathroom attached ADU. In addition to “the owner's unit” there are an additional three units that are 2 bedrooms and 1 bathroom each. Since this property has been used as a family compound for many years 3723 East 5th Street will be delivered with the owner's unit and a two bedroom, one bath unit vacant at the close of escrow. The versatile floorplan along with two units delivered vacant at the close of escrow make's it clear that 3723 East 5th Street is offering you the ability to immediately generate market rent regardless of whether you live in one and rent the others or just have it be a stand-alone income opportunity. While I am speaking of income opportunities 3723 East 5th Street has a four car garage that will be delivered vacant as well. This is another area of the property where you may be able to generate additional income by renting the individual parking spots. Whether 3723 East 5th Street will be your family compound or an addition to your real estate portfolio I invite you to come and see all that this property has to offer you!

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LCR4*

Interior

Interior Features Ceiling Fan(s), Storage, Unfurnished, Bedroom on Main Level

Heating Ductless, Wall Furnace

Cooling Ductless, See Remarks, Wall/Window Unit(s)

Flooring Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Built-In Range, Double Oven, Dishwasher, Gas Water Heater, Refrigerator, Water Heater, Dryer, Washer

Laundry Washer Hookup, Gas Dryer Hookup, Inside, In Garage

Exterior

Parking Features Door-Multi, Driveway, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Gated

Garage Spaces 4.0

Garage Description 4.0

Fence Block, Brick, Chain Link, Good Condition, Wrought Iron

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, See Remarks, Water Connected, Overhead Utilities

View Y/N No

View None

Roof Type Composition

Accessibility Grab Bars, No Stairs

Total Parking Spaces 8

Private Pool No

Building

Lot Description Front Yard, Near Public Transit, Paved, Rectangular Lot

Story 2

Entry Level Two

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Spanish

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5238003022

Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Window Bars

Energy Description 600.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Trust

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California Regional MLS (CRMLS)
Listed by Joe Napoli • RE/MAX INNOVATIONS • 626-825-4863
Bought with Rudolph Vazquez • Berkshire Hathaway HomeServices CA Properties
agent

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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