6,076 Sqft Lot
6,076 Sqft Lot
Open House
Tue Jul 14, 11:00am - 2:00pm
Sat Jul 18, 11:00am - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26145090
HOA Y/N No
Year Built 2008
Lot Size 6,076 Sqft
Property Sub-Type Quadruplex
Property Description
Owner-user appeal is significant. A buyer may occupy the updated vacant front 4BD/2BA residence while collecting income from the other three units. Current/projected rents include 520 W. Colden at $2,987/month, 520 1/2 W. Colden at $2,635/month including utilities, and vacant 520 1/4 W. Colden projected at $2,635/month, totaling approx. $8,257/month before leasing the vacant front residence.
This property may be attractive to qualified first-time buyers because it falls within the 1–4 unit residential category, which may allow access to owner-occupied financing programs not available to larger multifamily assets. Qualified buyers may be able to explore FHA low-down-payment financing, including potential 3.5% down options, along with first-time buyer, down-payment assistance, and homebuyer programs, subject to borrower, income, occupancy, lender, property, and program eligibility. STAGED PHOTOS ARE DIGITALLY STAGED.
The front duplex is represented as not subject to the Los Angeles City Rent Stabilization Ordinance due to its 2008 construction date, while the rear ADU duplex has a 2026 CFO forthcoming. Buyer to verify all regulatory status, permits, certificates, zoning, rent-control applicability, expenses, income, financing eligibility, and program availability.
The vacant front 4BD/2BA residence has been updated with new kitchen cabinetry, dishwasher, bathroom vanities, flooring, and fresh interior paint. The rear ADUs feature new electrical panels, all-electric systems, mini-split air conditioning/heating, and full appliance packages in each unit, including stove, refrigerator, dishwasher, washer, and dryer.
With large units, newer construction, meaningful rental income, owner-user flexibility, and potential access to first-time buyer and low-down-payment programs, 520–522 W. Colden Avenue offers a compelling opportunity to enter Los Angeles multifamily ownership.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Fireplace No
Appliance Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Inside, See Remarks
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Back Yard, Front Yard, Paved
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 6054028010
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan
Special Listing Condition Standard
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