2815 Hyde Park

    Los Angeles (City), CA 90043
    • $1,150,000
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: 20563044
    UPDATED: 20 min ago
    $1,150,000
    • 8
      BEDS
    • 0.15
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 3,959
      SQFT
    • $290
      $/SQFT
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Currently grossing over $80,000/yr, the 3,959 square foot building sits on a 6,593 square foot lot in the rapidly gentrifying Hyde Park neighborhood, and is comprised of one (1) 1 bed/1 bath, two (2) 2 bed/1 bath, and a large 3 bed/2 bath unit. The property includes 5 parking spaces and a communal laundry room, both generating addl income. Tenants pay for electricity and gas, minimizing operating costs. Hyde Park Metro Station is near completion and .7 miles from the property.The Baldwin Hills Crenshaw Plaza, a 2MM sq ft redevelopment project that will include a retail village, office, hotel, apartments and condos, is less than 2 miles from property. Located 3 miles north of the new City of Champions Revitalization Initiative/Sofi Stadium, this property is set to benefit from the stimulation and energy the 890,000 square feet of retail space, 25 acres of park and open space, revamped casino, performing arts venue and numerous fine dining restaurants it will bring

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    Based on information from CRISNet MLS as of 2020-03-30T12:43:57.963. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-30T12:43:57.963. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-30T12:43:57.963. 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.

    Based on information from the i-Tech MLS as of 2020-03-30T12:43:57.963. 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.

    Licensed in the State of California, USA.
    www.jelmbergteam.com/homes/104059907

    2815 Hyde Park Los Angeles (City), CA 90043

    • Price: $1,150,000
    • Status: Active
    • Updated: 20 min ago
    • MLS #: 20563044
    8
    Beds
    5
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,959
    SQFT
    $290
    $/SQFT
    1956
    Built
    Neighborhood:
    Park Hills Heights (PHHT)
    County:
    Los Angeles
    Area:
    Park Hills Heights (PHHT)
    Property Description
    Currently grossing over $80,000/yr, the 3,959 square foot building sits on a 6,593 square foot lot in the rapidly gentrifying Hyde Park neighborhood, and is comprised of one (1) 1 bed/1 bath, two (2) 2 bed/1 bath, and a large 3 bed/2 bath unit. The property includes 5 parking spaces and a communal laundry room, both generating addl income. Tenants pay for electricity and gas, minimizing operating costs. Hyde Park Metro Station is near completion and .7 miles from the property.The Baldwin Hills Crenshaw Plaza, a 2MM sq ft redevelopment project that will include a retail village, office, hotel, apartments and condos, is less than 2 miles from property. Located 3 miles north of the new City of Champions Revitalization Initiative/Sofi Stadium, this property is set to benefit from the stimulation and energy the 890,000 square feet of retail space, 25 acres of park and open space, revamped casino, performing arts venue and numerous fine dining restaurants it will bring
    Exterior Features

    Parking Features Private Garage Parking Spaces Total 5

    Interior Features

    Appliances None Cooling Type None Heating Type Forced Air Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 2.0 Unit Number Of Bed01 2 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 3

    Property Features

    Adjusted Gross Income 78384.00 Assessed Improvement Value 312387.00 Assessed Land Value 220507.00 Cap Rate 4.25 Country United States Of America Expense Total Annual 28666.00 Gross Operating Income 77532.00 Gross Rent Multiplier 14.40 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Vendor Enhanced Net Operating Income 48866.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1338.00 Unit Monthly Rent02 1266.00 Unit Monthly Rent03 1287.00 Unit Monthly Rent04 2641.00 Unit Projected Total Monthly Rent01 2151.00 Unit Projected Total Monthly Rent02 1668.00 Unit Projected Total Monthly Rent03 2151.00 Unit Projected Total Monthly Rent04 2641.00 Unit Total Monthly Rent01 1338.00 Unit Total Monthly Rent02 1266.00 Unit Total Monthly Rent03 1287.00 Unit Total Monthly Rent04 2641.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Units Total In Complex 4 Zoning Lar1

    Listing provided courtesy of Daniel Shieh DRE#01978847 of Lyon Stahl Investment Real Estate, Inc..


    Based on information from CRISNet MLS as of 2020-03-30T12:43:57.963. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-30T12:43:57.963. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-30T12:43:57.963. 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.

    Based on information from the i-Tech MLS as of 2020-03-30T12:43:57.963. 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.

    Licensed in the State of California, USA.
     
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