Property will be open Saturday: November 23rd from 11am - 1pm. Remodeled 4 Bedroom house plus three additional income units plus land available. This renovated 4-plex comes with an oversized 9,794 sqft lot with a large undeveloped area perfect for building ADU's. Great cashflow… Read More asset with tremendous upside. There is over 166% upside in rental income once the ADUs are built out. Renderings (only) for ADU's are available in the marketing deck. A New owner can build ADUs on open area and convert the current storage/laundry to an ADU. 1401 S Willowbrook Ave is comprised of (1) 4Bed+ 2 Bath home and (3) 1Bed+1Bath. All units have been remodeled including flooring, countertops, paint, doors, appliances, etc. There is also copper plumbing throughout the building, as well as upgrades to exterior stucco and paint, wrought iron fencing with sliding security gates, concrete walkways, decking upstairs and water heaters. Each tenant has gated parking and large private walk-in storage rooms accessible through laundry room. Whether you are an owner/user or investor, this is the perfect opportunity to break into the real estate market! 5% down, FHA, VA, NACA, All program loans accepted. OM in the supplements. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-420-2541
Listing Snapshot
Days Online
58
Last Updated
Property Type
Quadruplex
Lot Size
0.22 Acres
Year Built
1948
MLS Number
SB24220342
30 Days Snapshot Of 90220
$575k
-8%
(avg) sold price
2
-83%
homes sold
70
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1948, Building area total: 2,443, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Urban
Expenses
Operating expense: $29,416
Income
Gross income: $86,220, Net operating income: $54,217
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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