Los Angeles, CA 90065 3516 Arroyo Seco Avenue

Sold: May 08, 2024
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Presented By: Michael Ascione with RE/MAX of Santa Clarita; 661-231-5794
  • MLS# SR23165151
  • 09/03/2023
  • Request Tour
  • Request Info
  • FootageSQFT • 4,686
  • GarageGarage • 2

Home Details

This offering presents a four-unit multifamily investment opportunity comprising two detached structures, totaling 4,686 square feet of living space on an 8,193 square foot lot. The property includes a front main house boasting 4 bedrooms and 2.5 bathrooms, available for a future owner/user. This provides the opportunity for an owner/user to reside in the front home while generating income from the three rental units at the rear. Alternatively, one can stabilize the front house and explore the potential of converting the existing two-car garage into an ADU (5th unit) to further expand the income generating potential of this property. The rear structure encompasses three rental units, currently occupied. The first unit features 3 bedrooms and one bathroom across two stories, while the second unit offers an upper 2-bedroom, 1-bath layout. The third unit is on the first level which includes 2 bedrooms and 1 bathroom. Your investment serves as the gateway to the Greater Cypress Park neighborhood, surrounded by the lush greenery of Greaver Oak Park, the enduring charm of Heritage Square, and the diverse recreational options available at Lacy Street Park. Sports enthusiasts will find solace in the proximity of Dodger Stadium, home to the iconic Los Angeles Dodgers. Additionally, Cypress Park boasts a thriving artistic community, evidenced by its stunning street murals and flourishing pottery and art studios. Invest in a neighborhood that nurtures creativity and inspiration, attracting like-minded individuals and potential tenants. Do not let this opportunity pass you by. Seize the chance to invest in the Cypress Park lifestyle. Contact us today to grasp this prime opportunity within the Cypress Park community!
Presented By: Michael Ascione with RE/MAX of Santa Clarita; 661-231-5794

General for 3516 Arroyo Seco Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Buyer FinancingCashtoNewLoan
Carport Y/NNo
CityLos Angeles
Close Price1299998.0
Community FeaturesStreetLights, Sidewalks, Urban
CountyLos Angeles
Days on Market204
DirectionsFigueroa to Arroyo Seco
Electric Expense0.0
Entry Location2
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income0.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, CalVetLoan, Item1031Exchange
Lot Size Square Feet8193.0
MLS AreaCYPK - Cypress Park
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Open Parking Spaces4.0
Operating Expense0.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Stories2
Street NameArroyo Seco
Tax Lot11
Total Units4
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1964
Year Built SourceAssessor
ZoningLARD2

Interior for 3516 Arroyo Seco Avenue

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Entry Level1
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInGarage
Street SuffixAvenue
Total Stories2

Exterior for 3516 Arroyo Seco Avenue

Building Area Total4686.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard, Garden, Landscaped, NearPublicTransit, StreetLevel
Lot Size Acres0.1881
Lot Size Area8193.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,395,000
MLS#SR23165151
List Date 09/03/2023
Property Type Multi-Family
Phone 714.964.3311
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