REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Craig Marson • First Team Real Estate
$ 1,750,000
Est. payment | /mo
6,066 SqFt
$ 1,750,000
Est. payment | /mo
6,066 SqFt
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 6,066 sqft
Price per Sqft $288
MLS Listing ID DW-25224030
Year Built 1962
Lot Size 7,295 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
601 N Garfield Avenue presents an outstanding opportunity to acquire a well-located multifamily property offering six income-producing units along with an additional unpermitted studio. The property consists of one building, including four spacious two-bedroom units with one and a half baths each, two one-bedroom units with one bath, and the bonus studio. Positioned on a desirable corner lot, the property includes six covered parking spaces accessible through a rear alley carport. All units appear to be in good condition, and current rents remain below market, allowing for significant upside potential as units turn over. This makes the property ideal for investors seeking long-term growth and stable income in an established rental market.
Residents enjoy the convenience of nearby shopping, restaurants, and public transportation, along with easy access to major freeways. Downtown Los Angeles is only a short drive away, further enhancing the appeal of the location for both current and future tenants.This is a rare chance to acquire a well-maintained multifamily asset with value-add potential in a strong rental corridor. The property will be delivered as-is, and the buyer is advised to verify all information, including unit count, permits, and property details. The studio unit is non-permitted.
Residents enjoy the convenience of nearby shopping, restaurants, and public transportation, along with easy access to major freeways. Downtown Los Angeles is only a short drive away, further enhancing the appeal of the location for both current and future tenants.This is a rare chance to acquire a well-maintained multifamily asset with value-add potential in a strong rental corridor. The property will be delivered as-is, and the buyer is advised to verify all information, including unit count, permits, and property details. The studio unit is non-permitted.
Location
State CA
County Los Angeles
Area 674 - Montebello
Interior
Laundry None
Exterior
Garage Spaces 6.0
Pool None
Community Features Sidewalks, Storm Drains, Street Lights
Building
Lot Description Corner Lot, Front Yard, Lot 6500-9999
Sewer Unknown
GET MORE INFORMATION
Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114