3505 Marguerite Street

    Los Angeles (City), CA 90065
    • $800,000
    • STATUS: Active
    • ON SITE: 45 days
    • MLS #: 19506760
    UPDATED: 72 min ago
    $800,000
    • 4
      BEDS
    • 0.23
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,597
      SQFT
    • $308
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    3505 Marguerite Street consists of 2 legal units and 2 un-permitted non-conforming units occupied with rent controlled tenants. Built in 1925 the subject property is situated on a 9,810 square foot sloped parcel, zoned LARD2. Site located in an OPPORTUNITY ZONE. Frontage of parcel is 70ft. The compound consists of three separate structures: a front duplex, a middle bungalow, and a back house. Front house collects $1446 for the Bottom Unit and the Front Upstairs Unit is VACANT. Middle Bungalow collects $1500 and back house collects $1510. Front House and Back House are legal units with permits. Middle House and Front upstairs units are un-permitted non-conforming units. An investor has the potential to: 1) Bring this property back to legal Fourplex; 2) Demolish non-conforming units and run property as Duplex on Huge Lot; 3) Demolish all existing improvements and build 4 Small Lot Homes as an Opportunity Zone play.

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    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/98639218

    3505 Marguerite Street Los Angeles (City), CA 90065

    • Price: $800,000
    • Status: Active
    • Updated: 72 min ago
    • MLS #: 19506760
    4
    Beds
    4
    Baths
    0
    ½ Baths
    0.23
    Acres
    2,597
    SQFT
    $308
    $/SQFT
    1925
    Built
    Neighborhood:
    Glassell Park (623)
    County:
    Los Angeles
    Area:
    Glassell Park (623)
    Property Description
    3505 Marguerite Street consists of 2 legal units and 2 un-permitted non-conforming units occupied with rent controlled tenants. Built in 1925 the subject property is situated on a 9,810 square foot sloped parcel, zoned LARD2. Site located in an OPPORTUNITY ZONE. Frontage of parcel is 70ft. The compound consists of three separate structures: a front duplex, a middle bungalow, and a back house. Front house collects $1446 for the Bottom Unit and the Front Upstairs Unit is VACANT. Middle Bungalow collects $1500 and back house collects $1510. Front House and Back House are legal units with permits. Middle House and Front upstairs units are un-permitted non-conforming units. An investor has the potential to: 1) Bring this property back to legal Fourplex; 2) Demolish non-conforming units and run property as Duplex on Huge Lot; 3) Demolish all existing improvements and build 4 Small Lot Homes as an Opportunity Zone play.
    Exterior Features

    Lot Size Dimension Description 70X150 Open Other Spaces Total 2 Parking Spaces Total 2 Parking Type Garage - Two Door

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other 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 1.0 Unit Number Of Bed01 3 Unit Number Of Bed02 1 Unit Number Of Bed03 0 Unit Number Of Bed04 0

    Property Features

    Actual Annual Gross Rent 77472.00 Actual Gross Annual Income 77472.00 Actual Rent Total 77472.00 Adjusted Gross Income 77472.00 Cap Rate 6.44 Country United States Of America Expense Total Annual 23593.00 Gross Operating Income 75148.00 Gross Rent Multiplier 10.33 Hoa YN N Legal Disclosures Take Property As IsBuilding PermitRent Control Lot Size Source Public Records Net Operating Income 51555.00 Number Of Buildings 3 Special Conditions Standard Sale Square Footage Source Appraiser Unit Monthly Rent01 1446.00 Unit Monthly Rent02 2000.00 Unit Monthly Rent03 1500.00 Unit Monthly Rent04 1510.00 Unit Projected Total Monthly Rent01 3000.00 Unit Projected Total Monthly Rent02 2000.00 Unit Projected Total Monthly Rent03 1550.00 Unit Projected Total Monthly Rent04 1550.00 Unit Total Monthly Rent01 1446.00 Unit Total Monthly Rent02 2000.00 Unit Total Monthly Rent03 1500.00 Unit Total Monthly Rent04 1510.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Units Total In Complex 4 Zoning Lard2

    Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


    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.
     
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