216 W 49th Street

    Los Angeles (City), CA 90037
    • $569,000
    • STATUS: Active
    • ON SITE: 113 days
    • ID#: IG19154326
    Price Reduced
    UPDATED: 238 min ago
    $569,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,731
      SQFT
    • $329
      $/SQFT
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    Location, location, location!! Minutes from Downtown LA, blocks from USC, the Coliseum. This TRI PLEX is a cash flow property. Front unit is spacious 3 bedroom 2 bath with gated front yard and laundry room, back unit is gated 2 bed 1 bath, and 3rd unit is a studio. Driveway shared and parking in the back for tenants. Long term good tenants that would like to stay if possible. They are currently all month to month. Seller has not raised rents and current rents are under market value. Immediate upside when you buy! Buyer to verify all permits and do their own due diligence.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T00:33:43.89. 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/96436568

    216 W 49th Street Los Angeles (City), CA 90037

    • Price: $569,000
    • Status: Active
    • Updated: 238 min ago
    • ID#: IG19154326
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1,731
    SQFT
    $329
    $/SQFT
    1906
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Location, location, location!! Minutes from Downtown LA, blocks from USC, the Coliseum. This TRI PLEX is a cash flow property. Front unit is spacious 3 bedroom 2 bath with gated front yard and laundry room, back unit is gated 2 bed 1 bath, and 3rd unit is a studio. Driveway shared and parking in the back for tenants. Long term good tenants that would like to stay if possible. They are currently all month to month. Seller has not raised rents and current rents are under market value. Immediate upside when you buy! Buyer to verify all permits and do their own due diligence.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 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 Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.00 Community Features SidewalksStorm DrainsStreet Lights Country Us Electric Expense 836.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 43920.00 Gross Scheduled Income 43920.00 Insurance Expense 800.00 Land Lease YN No Laundry YN Yes Net Operating Income 33055.00 New Construction YN No New Taxes Expense 7040.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 10865.00 Other Expense 600.00 Other Expense Description Gas Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 3660.00 Total Expenses 10865.00 Trash Expense 277.00 Water Sewer Expense 1312.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Crissy Yim of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T00:33:43.89. 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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