1837 S Highland Avenue

    Los Angeles (City), CA 90019
    • $1,450,000
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: SB19232203
    $1,450,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,773
      SQFT
    • $523
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Proudly presenting this immaculate, recently renovated Triplex in a prime Mid-City location at 1837 S. Highland Avenue, LA 90019. Featuring a fantastic unit mix with two large 3 Bedroom 2 Bath units, and a detached rear 1 Bedroom 1 Bath unit with 2,773 total rentable SF. Seller will be delivering one 3+2 unit vacant at closing. This Mid-City property is very well-located adjacent highly desirable Lafayette Square & Picfair Village in a nice residential pocket, but also close to La Brea & minutes from the 10 Freeway for ease of access/commuting. This totally turnkey Highland triplex presents a great opportunity both for an owner-user buyer looking to take occupancy themselves + have great rental income to assist with the bulk of their mortgage payments, or for an investor/1031 buyer looking to rent that vacant 3+2 unit for a $3,200/mth market rent & enjoy strong gross income of $7,925/mth; $95,100/yr with total ease of mgmt & no capital improvements required.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T00:34:56.857. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/99476250

    1837 S Highland Avenue Los Angeles (City), CA 90019

    • Price: $1,450,000
    • Status: Active
    • ID#: SB19232203
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,773
    SQFT
    $523
    $/SQFT
    1940
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Proudly presenting this immaculate, recently renovated Triplex in a prime Mid-City location at 1837 S. Highland Avenue, LA 90019. Featuring a fantastic unit mix with two large 3 Bedroom 2 Bath units, and a detached rear 1 Bedroom 1 Bath unit with 2,773 total rentable SF. Seller will be delivering one 3+2 unit vacant at closing. This Mid-City property is very well-located adjacent highly desirable Lafayette Square & Picfair Village in a nice residential pocket, but also close to La Brea & minutes from the 10 Freeway for ease of access/commuting. This totally turnkey Highland triplex presents a great opportunity both for an owner-user buyer looking to take occupancy themselves + have great rental income to assist with the bulk of their mortgage payments, or for an investor/1031 buyer looking to rent that vacant 3+2 unit for a $3,200/mth market rent & enjoy strong gross income of $7,925/mth; $95,100/yr with total ease of mgmt & no capital improvements required.
    Exterior Features

    Garage Spaces 3.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.59 Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 95100.00 Gross Multiplier 15.25 Gross Operating Income 92247.00 Gross Scheduled Income 95100.00 Insurance Expense 1109.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2853.00 Maintenance Percent 3.00 Net Operating Income 66560.00 New Construction YN No New Taxes Expense 18125.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 25687.00 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 95100.00 Total Expenses 25687.00 Trash Expense 1000.00 Vacancy Allowance 2853 Vacancy Allowance Rate 3.00 Water Sewer Expense 1400.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Matthew Dunfrund of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T00:34:56.857. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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