Skip To Content
    Return to Previous Page

    707 Rosemont Ave

    Los Angeles, CA 90026
    • $949,000
    • STATUS: Active
    • ON SITE: 44 days
    • MLS #: 21-678520
    UPDATED: 197 min ago
    $949,000
    • 4
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,830
      SQFT
    • $519
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Great opportunity! This duplex is a fixer with a value-add opportunity to add 1 new unit, or you can start over and build 3 new units! This CORNER lot duplex is located 4 blocks to Echo Lake and 4 blocks to Sunset Boulevard. It has 5,591 SF of LARD1.5-1VL land. Translation, you can have 3 units on property and build up to 3:1 FAR and 3 stories. The original units on property are in need of full cosmetic renovation including kitchens, baths, and floors. The roof was replaced 2 years ago, and a new sewer-line was installed last August. Tenants are long term tenants; seller will not relocate. Please do not disturb. Property is being sold as is where is. Interior photos of front unit available upon request. Visual inspection with offer to purchase, proof of funds, and financing pre-approval. Perfect for Owner-Occupy Investors, Investors, and builder / developers.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T23:42:34.077. 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.
    www.jelmbergteam.com/homes/113180660
    Print Image

    707 Rosemont Ave Los Angeles, CA 90026

    • Price: $949,000
    • Status: Active
    • Updated: 197 min ago
    • MLS #: 21-678520
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,830
    SQFT
    $519
    $/SQFT
    1921
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    Great opportunity! This duplex is a fixer with a value-add opportunity to add 1 new unit, or you can start over and build 3 new units! This CORNER lot duplex is located 4 blocks to Echo Lake and 4 blocks to Sunset Boulevard. It has 5,591 SF of LARD1.5-1VL land. Translation, you can have 3 units on property and build up to 3:1 FAR and 3 stories. The original units on property are in need of full cosmetic renovation including kitchens, baths, and floors. The roof was replaced 2 years ago, and a new sewer-line was installed last August. Tenants are long term tenants; seller will not relocate. Please do not disturb. Property is being sold as is where is. Interior photos of front unit available upon request. Visual inspection with offer to purchase, proof of funds, and financing pre-approval. Perfect for Owner-Occupy Investors, Investors, and builder / developers.
    Exterior Features

    Carport Spaces Total 0 Covered Parking 0 Cross Streets Rosemont And Clinton Direction Faces South Entry Location Ground Level W/Steps Exterior Construction Stucco Garage Structures Total 0 Levels Two Lot Size Area 5590 Other Structures None Parking Garage Driveway Roof CompositionShingle Style Traditional Total Parking 0 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 2.00 Common Walls Attached Cooling Window Unit(S) Equipment Gas Dryer HookupRefrigeratorRange/Oven Flooring Wood Heating Wall Water Heater Features Gas

    Property Features

    ADACompliance No Assessed Total Value 183233 Entry Floor Number 1 Gross Income 57600 Gross Operating Income 57600 Like Units1 1 Like Units2 1 Net Operating Income 44400.00 Number Of Buildings 1 Number Of Units 2 Property Condition FixerRepair Cosmetic Sale Type Standard Security Features None Sewer In Connected And Paid Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGasTrash CollectionWater Total Annual Expense 13200 Type Of Units 2 Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Dennis Maynard DRE#01468881 of Dennis Maynard.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T23:42:34.077. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-678520-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-678520-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-678520-2.jpg
    Logo
    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211