Listing ID22198713
Price$750,000$25K
Price/SqFt$339.67
StatusActive Under Contract
SqFt
2,208
Acres
0.124
CountyLos Angeles
Year Built1953
Property TypeResidential Income
This 3 UNIT INCOME PROPERTY has lots of potential with today's high yield CAP rate fantastic Zoning with C2 (Commercial) + Residential mixed use so the buyer may keep the property as it is with higher CAP rate or develop a Mixed Use Commercial and Residential Building. Currently the area is developing with new constructions. The house is Just 7-8 minutes to USC, Exposition Park, Swimming, Stadium. 10 -15 minutes to Downtown Los Angeles and Sofi Olympic Stadium! Current Owner input a lot of improvements on the property and UDU project (ongoing for approval, buyer check up the status) with a new Electric Meter. The roof is new, new Double Pane Windows, New Bathrooms and so much more with permits! This is a GEM and a MUST SEE PROPERTY!!!
County
Los Angeles
Price Before Reduction
775000
Price Reduction Date
2024-01-09T01:42:50+00:00
Price/SqFt
339.67
Property Type
Residential Income
Year Built
1953
Zoning
LAC2
Appliances
yes
Flooring
Laminate
Interior Features
Ceiling Fan(s)
Levels
Two
Spa
no
Spa Features
None
Stories Total
2
Construction Materials
Stucco
Entry Location
Ground Level w/steps
Foundation Details
Block
Lot Features
Back Yard
Lot Size Area
5403
Lot Size Source
Assessor
Lot Size Square Feet
5403
Number Of Buildings
2
Parking
yes
Parking Features
Gated
Parking Total
6
Pool Features
None
Private Pool
no
Sewer
Other
Window Features
Double Pane Windows
Country
US
MLS Area Major
C34 - Los Angeles Southwest
Association
no
Association Management Name
Appletree Property Management
Days On Market
519
List Agent State License
01934789
List Office State License
02097189
Lot Size Units
Square Feet
New Construction
no
Number Of Units Total
3
Parcel Number
5016021004
Property Condition
Repairs Cosmetic
Security Features
Gated Community
Senior Community
no
Cap Rate
4.89
Gross Multiplier
13.85
Gross Operating Income
57696
Net Operating Income
39056
Special Listing Conditions
Standard
Tenant Pays
Electricity
Total Expenses
18640
Vacancy Allowance Rate
1
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Any correspondence from IDX pages are routed to Telford Real Estate Inc or one of their associates. Last updated Wednesday, April 17th, 2024.
Based on information from CARETS as of Wednesday, April 17th, 2024 05:36:23 PM. 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 website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
Based on information from CARETS as of Wednesday, April 17th, 2024 05:36:23 PM. 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 website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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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Contact - Listing ID 22198713
Nancy Telford
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