$1,550,000 Price Analysis   ♡   Los Angeles, CA 90034 9 bed 6 bath 3,244 SqFt ($477/SqFt) 4,004SqFt lot. Built 1965 Listed 2024-03-14 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Legal 4-plex close to Culver City
* Has Contingent Offer *West Adams, Cumulus District, Hayden Tract and the soon-to-open Habitat development. Gross Scheduled Income: $105, 664. Annual Expenses: $27, 183. Net Operating Income: $78, 481. GRM: 14.67. Cap Rate: 5.06%. Front unit is a townhouse style 3BD/2BA with other attractive unit mix of 3BD/2BA, 2BD/1BA and 1BD/1BA. Two units have been remodeled. This property has been well maintained throughout the years with regular maintenance and several updates. Seller invested over $45, 000 in improvements. Two units have been fully remodeled with new interior paint and new floors throughout, HVAC, updated plumbing, new full kitchen with appliances, new bathrooms and more. On-site laundry available for extra income.
Low expenses. Quiet location on a cul-de-sac. Strong rental location. This area is undergoing an enormous transformation with the construction of new apartment buildings and the opening of creative office space for many tech companies such as HBO, Amazon, Apple and more. Walk to new restaurants and galleries on West Adams such as Tartine, Norm andie Bakery, Farmhouse kitchen, Alta, Mizlala, Adams Wine Shop and Cento and Whole Foods. Bike to trendy Culver City downtown, Boneyard Dog Park, Farmers Market, the LA Fitness and Equinox Gym. Easy commute to DTLA, Beverly Hills, Santa Monica and LAX. Seller paid $1, 600, 000 in 2022 and is selling due to change in life circumstances. Seller has assumable loan at 5.375%, balance $1.17M and maturity date 05/2052 (Buyer to download form under Docs section). This is an excellent opportunity to acquire an investment property with strong income and future upside in rents and the neighborhood. A exceptional starter property to launch your income portfolio. SELLER MOTIVATED-ALL OFFERS WILL BE ENTERTAINED!
Presented by Andy Watkins, JD at
Century 21 Masters.
Property MLS #24-368127 from TheMLSCLAW
Full Bathrooms: 6
Laundry Features: Community
Heating Features: Wall
Lot Size Source: Assessor
Lot Size Square Feet: 4004
Parking Total: 4
Tenant Pays: Electric, Cable TV, Gas
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 3500, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2500, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 3915, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1750
County: Los Angeles
Cap Rate: 5.06
Directions: Washington Blvd. to Dauphin Ave.
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Owner Pays: Water, Gardener
Parcel Number: 5065-019-024
Postal Code Plus 4: 2243
Zoning: LARD1.5
Source System Name: C2C
$1,550,000
TheMLSCLAW
Listed 2024-03-14
$1,599,000
TheMLSCLAW
Listing removed 2023-11-17
$0
TheMLSCLAW
Listed 2023-03-20
$1,595,000
TheMLSCLAW
Year Built: 1965
Common Walls: Attached
Direction Faces: West
Levels: Multi Levels
Living Area Source: Assessor
Property Age: 59
Levels or Stories: 2
Building Total Stories: 2
House Style: Traditional
Year Built Source: Assessor
Architectural Style: Traditional
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.