5838 Allston Street
East Los Angeles, CA 90022
- – beds
- – baths
- – sqft
- 5,653 sqft lot
- 1955 build
- – on site
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We are pleased to present a Remarkable 4-Unit Multi-family Asset located in a highly Desirable Investment Area of East Los Angeles. Nestled near the renowned Citadel Outlets Shopping Center and just a few blocks away from the city of Montebello, this is a Great Investment and 1031 Exchange Opportunity that you don't want to miss! This Amazing 4 Units Quadruplex consists of: 2x (2 beds & 1 bath) and 2x (1 bed & 1 bath). The property also includes a private Laundry room, separate Meters, and a Detached 4-Car Garage. Spanning over 5,500sf Corner Lot, this investment opportunity provides ample space for tenants to enjoy onsite open and private yard areas. Each well-kept unit features a spacious living room area, an equipped kitchen, and generously sized bedrooms. Given the longevity of ownership and great long tenants, the future investor can have a significant potential to achieve over 70% Upside in Rental Income. With its combination of Desirable Layout, Prime Location, and Value-Add potential, this asset is poised to deliver exceptional returns to its new owner. This won't last! One of the Unit will be VACANT!!
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Last updated Jan 17, 2025
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MLS# WS24164222 —
The Building
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Year Built:1955
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Year Built Source:Public Records
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New Construction:No
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Building Area Total:3032.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:2
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:1
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# of Separate Water Meters:4
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# of Separate Electric Meters:4
Interior
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Levels:Two
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Entry Location:Ground level with steps
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Laundry:Common Area, Community, Individual Room
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Laundry:1
Location
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Directions:cross street: E Olympic Blvd/Simmons Ave
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Latitude:34.01423600
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Longitude:-118.14508500
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:LCR3YY
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Lot Features:Corner Lot, Walkstreet, Yard
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Lot Size Area:5653.0000
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Lot Size Acres:0.1298
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Lot Size SqFt:5653.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:5319.01
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Tax Tract:8366
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Tax Lot:252
The Listing
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Special Listing Conditions:Standard, Trust
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Parcel Number:6339006006
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Curbs, Sidewalks, Street Lights
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Special Assessments
Parking
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Parking:Yes
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Parking:Garage
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Parking Spaces:4.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/31/24
Dec 31, 2024
|
Sold | CRMLS_CA | $850,000 | -8.1% |
12/3/24
Dec 3, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $925,000 | |
8/8/24
Aug 8, 2024
|
Listed / Active | CRMLS_CA | $925,000 |