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    Address Not Published Ave

    Los Angeles, CA 90044
    • $1,536,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 21-687346
    UPDATED: 46 min ago
    $1,536,000
    • 8
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,932
      SQFT
    • $391
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    This is a rare opportunity to purchase an investment property in excellent condition, which has been in a non-rent control area of Los Angeles. This well-maintained property has been 100% occupied with no vacancies for the past 7 years, and has upside rental potential! Great mix of 1 & 2 bedroom units. Some units have been updated. Located close to elementary schools, high schools, and West Los Angeles College. Conveniently located within one mile of both 110 &105 Freeways. Laundry room with plumbing, for additional income. Most units below market rent. Current cap: 5%. Market cap: 5.9% PLEASE DO NOT ENTER THE PROPERTY OR DISTURB TENANTS. Tenants are not aware of the sale. Units are available for showing with an accepted offer only. Buyer to cooperate with seller's 1031 Exchange. Agent is related to the sellers.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-01T17:42:57.25. 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/113939104
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    Address Not Published Ave Los Angeles, CA 90044

    • Price: $1,536,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 21-687346
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    3,932
    SQFT
    $391
    $/SQFT
    1956
    Built
    Neighborhood:
    Metropolitan Southwest
    County:
    Los Angeles
    Area:
    Metropolitan Southwest
    Property Description
    This is a rare opportunity to purchase an investment property in excellent condition, which has been in a non-rent control area of Los Angeles. This well-maintained property has been 100% occupied with no vacancies for the past 7 years, and has upside rental potential! Great mix of 1 & 2 bedroom units. Some units have been updated. Located close to elementary schools, high schools, and West Los Angeles College. Conveniently located within one mile of both 110 &105 Freeways. Laundry room with plumbing, for additional income. Most units below market rent. Current cap: 5%. Market cap: 5.9% PLEASE DO NOT ENTER THE PROPERTY OR DISTURB TENANTS. Tenants are not aware of the sale. Units are available for showing with an accepted offer only. Buyer to cooperate with seller's 1031 Exchange. Agent is related to the sellers.
    Exterior Features

    Cross Streets Imperial Highway Lot Size Area 5816 Other Structures None Parking Garage Parking SpaceTandem Pool Description None Pool YN No Total Parking 8

    Interior Features

    Baths Total 6.00 Cooking Appliances Oven Cooling Ceiling Fan Equipment Range/OvenOtherCeiling Fan Heating Wall Gas Laundry RoomOutside

    Property Features

    Alley YN Yes Assessed Total Value 800000 Gross Income 111588 Gross Operating Income 108240 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Net Operating Income 76867.00 Number Of Buildings 1 Number Of Units 6 Owner Pays WaterOther Sale Type Standard Security Features Gated Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGasCable Tv Total Annual Expense 31391 Type Of Units 1 & 2 Bdrms Water In StreetWater District Year Built Source Vendor Enhanced Zoning Lcr320u*

    Listing provided courtesy of Isaac Mokhtarzadeh DRE#01024506 of Barnett Renderos.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-01T17:42:57.25. 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.
     
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    Palm Desert CA, 92211