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Key Details
Sold Price $1,140,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24147159
Sold Date 08/23/24
HOA Y/N No
Year Built 1890
Lot Size 8,306 Sqft
Property Description
ATTRACTIVE INTEREST-ONLY SELLER FINANCING AVAILABLE. We are proud to present an exceptional opportunity to acquire a well-maintained, 5-unit property located at 1801 Albion Street in the Lincoln Heights area of Los Angeles. This ±3,556 SF building sits on a ±8,309 SF lot and is situated between S Avenue 18 and S Avenue 19 on Albion Street.
1801 Albion Street provides convenient access to Downtown Los Angeles, L.A. Live, USC Health Sciences Campus, Dodger Stadium, FIGat7th, The Bloc and much more. Locally, tenants benefit from their proximity to major freeways (10, 5, 60, 110 and 101) and the Lincoln/Cypress Metro Rail Station, along with a vibrant mix of shopping centers, schools, restaurants, museums, and retailers.
Los Angeles, the heart of entertainment, boast a constant demand for quality rentals. The property sits amidst a thriving working class with a steady need for well-maintained housing and easy access to major employers. 1801 Albion Street offers a unique living experience with the added convenience of an on-site retail store, individual driveway parking, porches, backyards, and mature landscaping. Units feature wood plank flooring, new cabinets, wall air conditioning and heating, ceiling fans and vertical blinds.*
1801 Albion Street is a secure long-term investment ideal for any investor seeking a solid return. This opportunity caters to a wide range – first-time purchasers, seasoned investors, and those seeking a 1031 exchange – providing a win-win scenario.
*Select Units
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Sidewalks
View Y/N Yes
View City Lights
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5447025031
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Assumed
Special Listing Condition Standard
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Bought with Richard Wilkinson • Compass
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David Burchell
Team Leader & Realtor | License ID: #02033130
Team Leader & Realtor License ID: #02033130