3017 W Avenue 34

    Los Angeles (City), CA 90065
    • $1,425,000
    • STATUS: Pending
    • ON SITE: 29 days
    • ID#: EV19245377
    Pending
    UPDATED: 182 min ago
    $1,425,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,841
      SQFT
    • $502
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    MOTIVATED SELLER! Seller will review all offers! This Updated Spanish 4 unit property is located in the rapidly changing city of Glassell Park. All 4 units have been renovated with quality materials to attract the best tenants. New appliances, washer and dryer, flooring, countertops, paint and landscaping make this property move-in ready for yourself or a tenant. Near highly rated schools, within walking/biking distance of the Los Angeles River Revitalization Project, and 5 minute drives to amazing restaurants in Atwater Village, Frogtown, Eagle Rock, Highland Park and Silverlake! MASSIVE LOT. One of the biggest lots with 4 units in Glassell Park. Future development opportunity. Hard to find positive cash flowing investments in Los Angeles these days! Move in before the LA River Revitalization takes off! Try to find a deal like that anywhere else in Elysian Valley. Upside in rent from increasing the single bedroom unit to market rent. This property does have rent control.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-17T00:28:38.107. 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/100052920

    3017 W Avenue 34 Los Angeles (City), CA 90065

    • Price: $1,425,000
    • Status: Pending
    • Updated: 182 min ago
    • ID#: EV19245377
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    2,841
    SQFT
    $502
    $/SQFT
    1922
    Built
    Neighborhood:
    623 - Glassel Park
    County:
    Los Angeles
    Area:
    623 - Glassel Park
    Property Description
    MOTIVATED SELLER! Seller will review all offers! This Updated Spanish 4 unit property is located in the rapidly changing city of Glassell Park. All 4 units have been renovated with quality materials to attract the best tenants. New appliances, washer and dryer, flooring, countertops, paint and landscaping make this property move-in ready for yourself or a tenant. Near highly rated schools, within walking/biking distance of the Los Angeles River Revitalization Project, and 5 minute drives to amazing restaurants in Atwater Village, Frogtown, Eagle Rock, Highland Park and Silverlake! MASSIVE LOT. One of the biggest lots with 4 units in Glassell Park. Future development opportunity. Hard to find positive cash flowing investments in Los Angeles these days! Move in before the LA River Revitalization takes off! Try to find a deal like that anywhere else in Elysian Valley. Upside in rent from increasing the single bedroom unit to market rent. This property does have rent control.
    Exterior Features

    Garage Spaces 4.00 Lot Features Rectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 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 2+ Common Walls Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 150.00 Gross Income 97379.00 Gross Scheduled Income 97379.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 91619.00 New Construction YN No New Taxes Expense 17500.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 5760.00 Other Expense 100.00 Pest Control Expense 90.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 9114.96 Total Expenses 19480.00 Trash Expense 0.00 Water Sewer Expense 130.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of David Friedman of Realicore


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-17T00:28:38.107. 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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