2437 Malabar Street

    Los Angeles (City), CA 90033
    • $2,200,000
    • STATUS: Active
    • ON SITE: 125 days
    • ID#: DW20017515
    UPDATED: 41 min ago
    $2,200,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,852
      SQFT
    • $376
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    New Construction, just finished building in March 2020. 4 brand new units on 2 detached buildings! Property is conveniently located near most highways - I-10, I-5, 710, and 60 - and 1/2 mile from USC Medical Center. Each unit is separately metered for water, gas and electric, so owner can pass on all utility responsibilities to the tenant. Owner only pays for property tax and insurance. Currently there are eight (8) assigned parking spaces, however, there is enough room to fit up to 10 parked cars on-site. Each unit is two-story and comes with 4 bedrooms and 3 full bathrooms (3 bedrooms upstairs & 1 bedroom downstairs). All units have a large floor plan with approximately 1,450 sf. $550,000/unit in Los Angeles only minutes to Downtown LA. This property is centrally located, close to downtown Los Angeles, Arts District, Little Tokyo, Cal State University of Los Angeles, and a half block away from Soto St., a vibrant and transit oriented thoroughfare. The walk score is 88, and transit score is 71.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-01T17:28:56.78. 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/102628115

    2437 Malabar Street Los Angeles (City), CA 90033

    • Price: $2,200,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: DW20017515
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,852
    SQFT
    $376
    $/SQFT
    2020
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    New Construction, just finished building in March 2020. 4 brand new units on 2 detached buildings! Property is conveniently located near most highways - I-10, I-5, 710, and 60 - and 1/2 mile from USC Medical Center. Each unit is separately metered for water, gas and electric, so owner can pass on all utility responsibilities to the tenant. Owner only pays for property tax and insurance. Currently there are eight (8) assigned parking spaces, however, there is enough room to fit up to 10 parked cars on-site. Each unit is two-story and comes with 4 bedrooms and 3 full bathrooms (3 bedrooms upstairs & 1 bedroom downstairs). All units have a large floor plan with approximately 1,450 sf. $550,000/unit in Los Angeles only minutes to Downtown LA. This property is centrally located, close to downtown Los Angeles, Arts District, Little Tokyo, Cal State University of Los Angeles, and a half block away from Soto St., a vibrant and transit oriented thoroughfare. The walk score is 88, and transit score is 71.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 8.00 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 Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes Laundry Features Inside Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 6.15 Community Features Urban Country Us Elevation Units Feet Garage Income 0.00 Garage Rental Rate 0.00 Gross Income 0.00 Gross Multiplier 12.90 Gross Operating Income 164436.00 Gross Scheduled Income 170400.00 Insurance Expense 1800.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1000.00 Net Operating Income 135236.00 New Construction YN Yes New Taxes Expense 26400.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number With Dishwasher 4 Number With Disposal 4 Number With Range 4 Number With Refrigerator 4 Operating Expense 29200.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Expenses 29200.00 Trash Expense 0.00 Utilities Sewer Connected Vacancy Allowance 5964 Walk Score 88 Water Source Public Year Built Source Builder Zoning Lar3

    Listing provided courtesy of Alex Valenzuela of Keller Williams Sela


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-01T17:28:56.78. 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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