Property Showcase

Los Angeles, CA 90003 0

$625,000
Multi-Family
Status: Active
  • Bed:8
  • Bath:4
  • Sqft:2,690
  • Lot:4,804 sq ft
  • MLS#: 17271722
34-118
Courtesy Of McAlpin & Company

Description:

Great opportunity for a small investor or an owner occupant. Built in 2005, this duplex has a unique unit mix of two larger four bedroom apartments with two bathrooms each. Rents are below market which provides plenty of upside potential to the new owner. Because the units are relatively new, the expenses are low with separate meters for gas and electricity and separate hot water heaters. There is NO rent control and the owner may set the rents at whatever the market will bear. Currently, Section 8 vouchers for four bedroom units are as high as $2,486 per month. Also, both units contain coin operated laundry machines which are not in use but can provide additional income of approximately $100 per month. Recently, there has been over $32,000 in Capital Improvements at the property including one renovated unit, drought resistant landscaping, two water heaters a gate and the entire building was freshly painted. Offers to be made subject to inspection. Please do not disturb tenants.

Main Features:

Listing Status Active Year Built 2005
Floors 1 County los angeles
Rental Price $0 Units 2
Zoning LAR2

Additional Features:

Appliances Refrigerator
Cooling None
Financing Cash to New Loan
Heating Wall Heater
Special Conditions Standard Sale
Terms Cash To New Loan

Extra Features:

Annual Expenses 16251.00 Cap Rate 4.38
Gross Income 43632.00 LP Per SQFT 232.34
Net Operating Income 27381.00 Parking Spaces 4
SQFT Source Vendor Enhanced

Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is copyrighted in by the Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. Any dissemination of this information in violation of copyright laws is strictly prohibited. TheMLS
Last Updated On: 12/17/2017 11:44:14 PM

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Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is copyrighted in by the Combined L.A./Westside Multiple Listing Service, Inc. L.A., CA. Any dissemination of this information in violation of copyright laws is strictly prohibited. TheMLS
Last Updated On: 12/17/2017 11:44:14 PM

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