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Michael Mourad

mike@mikemouradrealestate.com +1(619) 961-8444

$ 850,000

Est. payment | -/mo

3 Beds

2 Baths

1,140 SqFt

Save

$ 850,000

Est. payment | -/mo

Save

3 Beds

2 Baths

1,140 SqFt

Open House

Sun Feb 08, 12:00pm - 3:00pm

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 1,140 sqft

Price per Sqft $745

MLS Listing ID SB26016609

Bedrooms 3

Full Baths 2

Year Built 1957

Lot Size 7,613 Sqft

Property Sub-Type All Other Attached

Property Description

Dream Opportunity Extra Income Property This well-maintained property offers strong current income with excellent upside potential. It includes a small auxiliary unit suitable for office use, plus additional income-producing units. The garage has been converted into a full studio generating $1,000, and there is one additional one-bedroom unit generating approximately $1,200 per month. The units are occupied by long-term tenants who will vacate the premises at close of escrow, providing flexibility for owner occupancy or investment use. The new owner may increase rents, subject to market conditions. The County of Los Angeles has recently shown increased flexibility regarding permitting for garage conversions. Buyers are encouraged to verify legalization and permit status directly with the city. The main residence features three (3) bedrooms and two (2) bathrooms and is in good ,,, Up to $150,000 in down payment assistance program cut be available with L.A County, (subject to eligibility).. Zero down payment options available. FHA financing or up to $10,000 toward closing costs, subject to buyer qualification. Offers must include Proof of Funds and a pre-approval letter with FICO scores. Buyer to conduct their own due diligence regarding all aspects of the property.

Location

State CA

County Los Angeles

Direction Directions from the Freeway: Take I-5 North Exit at Paxton St Turn right on Paxton St Turn left on Arleta Ave Turn right on Crowley St Property is at 12966 Crowley St

Interior

Fireplace No

Laundry Washer Hookup

Exterior

Parking Features Garage - Single Door

Garage Spaces 2.0

Fence Average Condition

Utilities Available Cable Available, Electricity Connected

View Y/N Yes

Accessibility Other, Parking

Porch N/K, Concrete, Patio Open

Total Parking Spaces 2

Building

Story 1

Sewer Unknown

Level or Stories 1

Others

Senior Community No

Tax ID 2628024014

Acceptable Financing Cash, Conventional, FHA, Land Contract

Listing Terms Cash, Conventional, FHA, Land Contract

Special Listing Condition Standard

Listed by Isidora (Doris) Rivera Equity Smart Home Loans, Inc

Michael Mourad

Agent | License ID: 01947942

+1(619) 961-8444 | mike@mikemouradrealestate.com

12966 Crowley Arleta, CA 91331

Michael Mourad

Open House

Key Details

Location

Interior

Exterior

Building

Others

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12966 Crowley