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$1,750,000
Est. payment /mo
7,296 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25224030
HOA Y/N No
Year Built 1962
Lot Size 7,296 Sqft
Property Sub-Type Mixed Use
Property Description
601 N Garfield Avenue presents an outstanding opportunity to acquire a well-located multifamily property offering six income-producing units along with an additional unpermitted studio. The property consists of one building, including four spacious two-bedroom units with one and a half baths each, two one-bedroom units with one bath, and the bonus studio. Positioned on a desirable corner lot, the property includes six covered parking spaces accessible through a rear alley carport. All units appear to be in good condition, and current rents remain below market, allowing for significant upside potential as units turn over. This makes the property ideal for investors seeking long-term growth and stable income in an established rental market.
Residents enjoy the convenience of nearby shopping, restaurants, and public transportation, along with easy access to major freeways. Downtown Los Angeles is only a short drive away, further enhancing the appeal of the location for both current and future tenants.This is a rare chance to acquire a well-maintained multifamily asset with value-add potential in a strong rental corridor. The property will be delivered as-is, and the buyer is advised to verify all information, including unit count, permits, and property details. The studio unit is non-permitted.
Residents enjoy the convenience of nearby shopping, restaurants, and public transportation, along with easy access to major freeways. Downtown Los Angeles is only a short drive away, further enhancing the appeal of the location for both current and future tenants.This is a rare chance to acquire a well-maintained multifamily asset with value-add potential in a strong rental corridor. The property will be delivered as-is, and the buyer is advised to verify all information, including unit count, permits, and property details. The studio unit is non-permitted.
Location
State CA
County Los Angeles
Area 674 - Montebello
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description Corner Lot, Front Yard
Story 2
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5267031010
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Probate Listing
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Listed by Craig Marson First Team Real Estate 562-682-1944
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