3260 Drew Street

    Los Angeles (City), CA 90065
    • $1,099,000
    • STATUS: Active
    • ON SITE: 44 days
    • MLS #: 19505280
    UPDATED: 71 min ago
    $1,099,000
    • 8
      BEDS
    • 0.16
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,254
      SQFT
    • $338
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1916
    County:

    School Ratings & Info

    Description

    Incredible opportunity to own a large triplex in red hot Glassell Park near Downtown. Perfect for either the owner-occupant who wants additional income from the other units or for the discerning investor looking to maximize this ideally located rental market's potential. 33% rental upside! On the lower level, the property features two spacious fully renovated 2 bed/1 bath units with new kitchens and baths including one with it's own yard delivered vacant. A spacious 4 bed/2 bath unit encompasses the entire top floor and has been divided into two units with 2 bed/1 bath each (buyer to verify permits). Separately metered for electric and gas with coin laundry for additional income & pleasant fruit trees in the yard. The large lot boasts an unheard of 10 parking spaces and is fully gated. Take advantage of this red hot rental area close to York Blvd & all the Highland Park hotspots!

    Monthly Payment Calculator



    Based on information from CARETS as of 2019-10-20T09:44:02.867. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.jelmbergteam.com/homes/98656677

    3260 Drew Street Los Angeles (City), CA 90065

    • Price: $1,099,000
    • Status: Active
    • Updated: 71 min ago
    • MLS #: 19505280
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,254
    SQFT
    $338
    $/SQFT
    1916
    Built
    Neighborhood:
    Glassell Park (623)
    County:
    Los Angeles
    Area:
    Glassell Park (623)
    Property Description
    Incredible opportunity to own a large triplex in red hot Glassell Park near Downtown. Perfect for either the owner-occupant who wants additional income from the other units or for the discerning investor looking to maximize this ideally located rental market's potential. 33% rental upside! On the lower level, the property features two spacious fully renovated 2 bed/1 bath units with new kitchens and baths including one with it's own yard delivered vacant. A spacious 4 bed/2 bath unit encompasses the entire top floor and has been divided into two units with 2 bed/1 bath each (buyer to verify permits). Separately metered for electric and gas with coin laundry for additional income & pleasant fruit trees in the yard. The large lot boasts an unheard of 10 parking spaces and is fully gated. Take advantage of this red hot rental area close to York Blvd & all the Highland Park hotspots!
    Exterior Features

    Open Other Spaces Total 10 Parking Features Uncovered Parking Spaces Total 10 Parking Type PrivateSide By Side

    Interior Features

    Appliances Refrigerator Cooking Appliances Range Cooling Type Ceiling Fan(S) Heating Type Wall Heater Laundry Locations CommunityLaundry Area Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Partially 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 2.0 Unit Number Of Bed01 2 Unit Number Of Bed02 2 Unit Number Of Bed03 4

    Property Features

    Adjusted Gross Income 76300.00 Assessed Improvement Value 190000.00 Assessed Land Value 460000.00 Buyer Financing Cash To New Loan Cap Rate 4.67 Country United States Of America Expense Total Annual 22644.00 Gross Operating Income 76300.00 Gross Rent Multiplier 15.07 Hoa YN N Legal Disclosures No Property AssessmentsRent Control Listing Terms Cash To New Loan Lot Size Source Public Records Net Operating Income 53656.00 Number Of Buildings 1 Owner Pays Water Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 0.00 Unit Monthly Rent02 1700.00 Unit Monthly Rent03 2240.00 Unit Projected Total Monthly Rent01 2350.00 Unit Projected Total Monthly Rent02 2350.00 Unit Projected Total Monthly Rent03 3800.00 Unit Total Monthly Rent01 0.00 Unit Total Monthly Rent02 1700.00 Unit Total Monthly Rent03 2240.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Units Total In Complex 3 Zoning Lard2

    Listing provided courtesy of Grant Linscott DRE#01715002 of Keller Williams Realty Los Feliz.


    Based on information from CARETS as of 2019-10-20T09:44:02.867. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211