1321 Colorado

    Los Angeles (City), CA 90041
    • $899,000
    • STATUS: Active Under Contract
    • ON SITE: 61 days
    • ID#: 18395156
    Under Contract
    UPDATED: 53 min ago
    $899,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,105
      SQFT
    • $427
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Wonderful opportunity to own an income generating property in Eagle Rock. This triplex is centrally located near commerce, entertainment, eateries and public transportation. Minutes to Pasadena, Glendale and DTLA. 2 units are situated towards the front and the 3rd unit is located toward the back. You can live in the 3rd unit or alternatively, rent it for top dollar. The unit has direct access to the backyard from your living room and master bedroom. The house has mid-century period details. New cabinetry in kitchen and baths, quartz counter tops and extensive use of tile, period inspired door knobs and lighting. Ample backyard . Walking distance to local beer and coffee shop. Garage for 3 cars and on-site laundry.Projected Cash flow over $7,000 yearly putting 20% down $3845 P&I+ $100 Ins + $608 Taxes+ $329.64 Utilities and Maintenance= -$4882.64+ 5494 Total income if the back renovated unit is rented = $611.36 cash flow. Huge upside once the other units have been vacated.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T07:26:46.967. 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. Licensed in the State of California, USA.
    www.teamforss.com/homes/88354158

    1321 Colorado Los Angeles (City), CA 90041

    • Price: $899,000
    • Status: Active Under Contract
    • Updated: 53 min ago
    • ID#: 18395156
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,105
    SQFT
    $427
    $/SQFT
    1955
    Built
    Neighborhood:
    618 - Eagle Rock
    County:
    Los Angeles
    Area:
    618 - Eagle Rock
    Property Description
    Wonderful opportunity to own an income generating property in Eagle Rock. This triplex is centrally located near commerce, entertainment, eateries and public transportation. Minutes to Pasadena, Glendale and DTLA. 2 units are situated towards the front and the 3rd unit is located toward the back. You can live in the 3rd unit or alternatively, rent it for top dollar. The unit has direct access to the backyard from your living room and master bedroom. The house has mid-century period details. New cabinetry in kitchen and baths, quartz counter tops and extensive use of tile, period inspired door knobs and lighting. Ample backyard . Walking distance to local beer and coffee shop. Garage for 3 cars and on-site laundry.Projected Cash flow over $7,000 yearly putting 20% down $3845 P&I+ $100 Ins + $608 Taxes+ $329.64 Utilities and Maintenance= -$4882.64+ 5494 Total income if the back renovated unit is rented = $611.36 cash flow. Huge upside once the other units have been vacated.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage - Three Door Parking YN Yes View Canyon View YN Yes

    Interior Features

    Appliances Garbage DisposalRefrigeratorDishwasher Appliances YN Yes Cooling CentralSee Remarks Cooling YN Yes Fireplace Features None Fireplace YN No Laundry Features AreaCommunitySee Remarks

    Property Features

    Association Amenities Other Association YN Yes Gross Multiplier 0.00 Gross Operating Income 0.00 Improvements Amount 39264 Land Value 26593 Laundry YN Yes Net Operating Income 0.00 Special Listing Conditions Standard Total Expenses 0.00 Zoning Lac4

    Listing provided courtesy of Jeffrey Bar of Nela Homes.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T07:26:46.967. 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. Licensed in the State of California, USA.
     
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