Address Not Available By Request

    Los Angeles (City), CA 90003
    • $575,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: SR19200344
    UPDATED: 24 min ago
    $575,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,441
      SQFT
    • $399
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    5% stabilized cap rate - RD2 zoned 5+3 (3+2 House with legal [2+1 ADU built 2019]). This two unit property may be subject to rent control on house, however, ADU should be exempt as Certificate of Occupancy issued 2019. Buyer to verify with LAHID. Back unit all new. Front house new central heat, new electrical panel, freshly painted. New roofing, new water main. Units are separately metered for gas and electric. New stoves in both units. ADU with quartz countertops and quality kitchen cabinets built to last. Seller selects services.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T00:33:24.53. 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/98973009

    Address Not Available By Request Los Angeles (City), CA 90003

    • Price: $575,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: SR19200344
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,441
    SQFT
    $399
    $/SQFT
    1923
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    5% stabilized cap rate - RD2 zoned 5+3 (3+2 House with legal [2+1 ADU built 2019]). This two unit property may be subject to rent control on house, however, ADU should be exempt as Certificate of Occupancy issued 2019. Buyer to verify with LAHID. Back unit all new. Front house new central heat, new electrical panel, freshly painted. New roofing, new water main. Units are separately metered for gas and electric. New stoves in both units. ADU with quartz countertops and quality kitchen cabinets built to last. Seller selects services.
    Exterior Features

    Architectural Style Bungalow Construction Materials FrameStucco Garage Spaces 0.00 Lot Features LevelYard Lot Size Source Owner Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Paved Roof Composition

    Interior Features

    Appliances Gas RangeWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 525 Average2 Bed Area Units Square Feet Average3 Bed Area 916 Average3 Bed Area Units Square Feet Common Walls No Common Walls Flooring CarpetTile Heating CentralWall Furnace Heating YN Yes Laundry Features See Remarks Levels One Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.50 Community Features Sidewalks Country Us Electric 220 Volts Elevation Units Feet Green Energy Efficient InsulationRoof Gross Income 0.00 Gross Operating Income 40158.00 Gross Scheduled Income 41400.00 Gross Spendable Income 30548.00 Insurance Expense 700.00 Land Lease YN No Laundry YN Yes Maintenance Expense 650.00 Net Operating Income 30548.00 New Construction YN No New Taxes Expense 6050.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 1 Number With Carpet 1 Number With Range 2 Operating Expense 9610.00 Pest Control Expense 50.00 Professional Management Expense 2160.00 Property Sub Type Duplex Rent Control YN Yes Security Features Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Taxes Percent 1.25 Tenant Pays All Utilities Total Actual Rent 1150.00 Total Expenses 9610.00 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Michael Ribons of Mri Property Mgnt.&Inv


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T00:33:24.53. 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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