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    3940 Dobinson Street

    Los Angeles (City), CA 90063
    • $899,666
    • STATUS: Active
    • ON SITE: 105 days
    • ID#: PW21000732
    $899,666
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,154
      SQFT
    • $285
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:

    School Ratings & Info

    Description

    Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. Rent around neighborhood($2100-$2300/mo. X 4=$8400-$9200/mo.) instead of ($4262/mo.). Great Location! Close to USC Medical Center, USC Health Science Campus,Citadel Shopping Mall Plaza, Cal State University LA, USC school. Easily access to 5/10/60 and 710 freeways. Added smoke detectors/ CarbonMonoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property at this moment, it has same track number with 2Parcel Nos. [This existing triplex on 1st lot and the 2nd empty lot may be constructed another duplex (~2400 sqft each]. Buyer to Verify with Cityagain, possible to separate to 2 different address: ask the Owner how. Fireplace: Gas, Heating: Gas, Permitted Triplex has (Unit #1) 2BR + 1BA rent$1490/mo. (recently remodeled). ( Unit # 2) 2BR + 1BA rent $950/mo. )(Unit # 3) 2BR + 1 BA rent $947/mo. (Unit #4) 2BR + 2BA rent $875/mo[without permit]. 1st 2 tenants are living 20+ yrs. and the 3rd tenant is 10+ yrs. Total rent is $4262/mo. PRO FORMA CAP RATE IS:9.3%-10.4%. 12 parking Spaces. Property Sold AS-IS

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T12:43:26.903. 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 Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/112971509
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    3940 Dobinson Street Los Angeles (City), CA 90063

    • Price: $899,666
    • Status: Active
    • ID#: PW21000732
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,154
    SQFT
    $285
    $/SQFT
    1917
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. Rent around neighborhood($2100-$2300/mo. X 4=$8400-$9200/mo.) instead of ($4262/mo.). Great Location! Close to USC Medical Center, USC Health Science Campus,Citadel Shopping Mall Plaza, Cal State University LA, USC school. Easily access to 5/10/60 and 710 freeways. Added smoke detectors/ CarbonMonoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property at this moment, it has same track number with 2Parcel Nos. [This existing triplex on 1st lot and the 2nd empty lot may be constructed another duplex (~2400 sqft each]. Buyer to Verify with Cityagain, possible to separate to 2 different address: ask the Owner how. Fireplace: Gas, Heating: Gas, Permitted Triplex has (Unit #1) 2BR + 1BA rent$1490/mo. (recently remodeled). ( Unit # 2) 2BR + 1BA rent $950/mo. )(Unit # 3) 2BR + 1 BA rent $947/mo. (Unit #4) 2BR + 2BA rent $875/mo[without permit]. 1st 2 tenants are living 20+ yrs. and the 3rd tenant is 10+ yrs. Total rent is $4262/mo. PRO FORMA CAP RATE IS:9.3%-10.4%. 12 parking Spaces. Property Sold AS-IS
    Exterior Features

    Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 2 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Common Interest None Community Features Mountainous Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 51144 Gross Scheduled Income 51144 Insurance Expense 1100 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 41888 New Construction YN No New Taxes Expense 6505 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 9256 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 1651 Water Source Public Zoning Lcr2*

    Listing provided courtesy of Thomas Luong of Superior Real Estate Group and Tracy La of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T12:43:26.903. 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 Team Forss Realty Group. Licensed in the State of California, USA.
     
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    Temecula CA, 92592