512 S St Louis Street

    Los Angeles (City), CA 90033
    • $929,950
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: 19482114
    UPDATED: 46 min ago
    $929,950
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,414
      SQFT
    • $211
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    HUGE PRICE REDUCTION!! 2 On A Lot. The owner's 2 bedroom unit is completely remodeled. Gross Income $115,800. Enjoy the monthly income from the Rooming House with building-permits finalized! Huge Living Space of 4,414 sqft, Lot size of 7,443 in LARD1.5 Zone, 11 Beds, and 2 Baths, located right in front of Hollenbeck Park. Additional 3 bedrooms/Storages units in the Attic. All rooms are remodeled except #2 & #4 on the second floor. New paint, New roof, and all new appliances in the kitchen. The backyard could be a garden or 5~6 car parking spaces. The garage has changed to new 2 bedrooms + 1 bathroom unit with the permit. The solar panel has been installed 2 years ago and paid off. Great opportunity for first- time buyers and investors. Close to University of Southern California (USC), Art district 10 & 110 Fwy and Downtown LA. Public record shows 6 Beds and 2 Baths & 3,616 Sqft but the owner did the new addition of 798 SQFT with the permit (ADU).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T17:49:06.667. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/96344795

    512 S St Louis Street Los Angeles (City), CA 90033

    • Price: $929,950
    • Status: Active
    • Updated: 46 min ago
    • ID#: 19482114
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,414
    SQFT
    $211
    $/SQFT
    1908
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    HUGE PRICE REDUCTION!! 2 On A Lot. The owner's 2 bedroom unit is completely remodeled. Gross Income $115,800. Enjoy the monthly income from the Rooming House with building-permits finalized! Huge Living Space of 4,414 sqft, Lot size of 7,443 in LARD1.5 Zone, 11 Beds, and 2 Baths, located right in front of Hollenbeck Park. Additional 3 bedrooms/Storages units in the Attic. All rooms are remodeled except #2 & #4 on the second floor. New paint, New roof, and all new appliances in the kitchen. The backyard could be a garden or 5~6 car parking spaces. The garage has changed to new 2 bedrooms + 1 bathroom unit with the permit. The solar panel has been installed 2 years ago and paid off. Great opportunity for first- time buyers and investors. Close to University of Southern California (USC), Art district 10 & 110 Fwy and Downtown LA. Public record shows 6 Beds and 2 Baths & 3,616 Sqft but the owner did the new addition of 798 SQFT with the permit (ADU).
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Parking YN Yes

    Interior Features

    Cooling Central Air Cooling YN Yes

    Property Features

    Cable Tv Expense 0.00 Cap Rate 7.70 Electric Expense 1200.00 Fuel Expense 1200.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Income 9650.00 Gross Multiplier 9.93 Gross Operating Income 112326.00 Gross Scheduled Income 115800.00 Gross Spendable Income 92965.00 Improvements Amount 24692 Insurance Expense 2400.00 Land Lease YN No Land Value 18142 Laundry Income 0.00 Licenses Expense 0.00 Maintenance Expense 2400.00 Net Operating Income 88951.00 Operating Expense 0.00 Other Income1 0.00 Other Income2 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Security Expense 0.00 Special Listing Conditions Standard Supplies Expense 0.00 Total Expenses 23375.00 Trash Expense 1200.00 Water Sewer Expense 0.00 Workmans Compensation Expense 0.00 Zoning Lard1.5

    Listing provided courtesy of Paul Yoo of Keller Williams Larchmont


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T17:49:06.667. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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