SOLD — Helms Bakery District 4Plex by Dan May Real Estate

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8620 Olin St 4plex
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SOLD — Helms Bakery District 4Plex by Dan May Real Estate

Unique opportunity for an investor or owner/user, this Helms Bakery District 4Plex consists of one bed one bath tenant occupied units with a detached 4 car garage on a large lot (over 8,200 sq. ft.). Units feature: hardwood flooring, full kitchens with dining area that flows to service porch with washer/dryer hookups, water heater then rear exit. Across from Father's Office and the Helms Bakery complex and just down the road from Trader Joe's, Sony and trendy downtown Culver City. Walk Score is 85! Mature fruit trees (avocado, fig, orange) and plenty of room for parking and potential expansion. There is approximately 38% upside in rents for the savvy investor to strategically leverage. Desirable central location: close proximity to Kaiser, Cedars, Beverly Hills and Culver City by street and Downtown LA and Santa Monica via nearby 10 Freeway or Palms/Culver City Expo stations.  

Address: 8620 Olin Street West Los Angeles, CA 90034

Bedrooms: 4

Bathrooms: 4

Gross Annual Income: $54,000

Asking Price: $1,100,000

Sold Price: $1,108,100 (adjusted)

Sold Date: September 22, 2017

Units Occupied: 4 (100%)

Rent Control? Yes City of Los Angeles

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