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Address Not Available, Los Angeles, CA 90003

$615,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
Address Not Available, Los Angeles, CA 90003View this property at Address Not Available, Los Angeles, CA 90003
Address Not AvailableLos AngelesCA90003

Property 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.

Full Property Detailsfor Address Not Available

General

  • Price: $615,000
  • Status: Pending
  • Type: Multi-Family
  • MLS ID: 17-271722
  • Updated: 3/12/2018
  • Added: 217 day(s) ago

Property History

  • Address Not Available, Los Angeles, CA
  • Reduced to $615,000 on 2/2/18
  • Listed at $625,000 on 9/20/17

Interior

  • Appliances: Refrigerator

Parking

  • Parking Type: Carport

Location

  • Area: Metropolitan South (C37)
  • County: Los Angeles
  • Development Name: Metropolitan South (C37)
  • Driving Directions: West of San Pedro Street between Florence and Manchester

Heating & Cooling

  • Heating Type: Wall Heater

Structural Information

  • # Buildings: 1
  • Square Feet: 2,690
  • Year Built: 2005

Unit Information

Unit 1

  • Total Bathrooms: 2
  • Bedrooms: 4

Unit 2

  • Total Bathrooms: 2
  • Bedrooms: 4

Lot Features

  • Lot Size (Sq. Ft.): 4,804
  • Lot Size Source: Vendor Enhanced
  • Zoning: LAR2

Financial Considerations

  • Price Per Sq. Ft.: $228.62
  • Terms: Cash to New Loan

Disclosures and Reports

  • Legal Disclosures: Take Property As Is

Listed by McAlpin & Company, Jerome McAlpin - CA DRE: 00939725

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Community Info

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Listed by McAlpin & Company, Jerome McAlpin - CA DRE: 00939725

Address Not Available, Los Angeles, CA 90003 (MLS# 17-271722) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. Address Not Available is currently listed for $615,000 and was received on September 20, 2017. Want to learn more about Address Not Available? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.