5048 W Slauson Avenue

    Ladera Heights, CA 90056
    • $2,100,000
    • STATUS: Active Under Contract
    • ON SITE: 84 days
    • ID#: SR18226387
    Under Contract
    UPDATED: 46 min ago
    $2,100,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,172
      SQFT
    • $406
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Opportunity Knocks! Attention Investors! Incredible updated Triplex in the heart of red-hot Ladera Heights. Short distance to shops, restaurants and 24 hour fitness. Partially remodeled & tastefully done with all of the amenities of a single family home. All 3 units features 3br+2bath. Owners front unit includes combination travertine & carpet, central a/c, large kitchen with granite counter tops, SS appliances, new modern cabinets, and private laundry. The other two units feature top-of-the line upgraded appliances (refrigerators, stoves, microwaves, washers & dryers), and each unit has its own HVAC. All units include tiled bathrooms w/ Frame-less walk-in showers, spacious storage areas & others with sunken tub. The units are separately metered for gas and electricity, & tenants are responsible for paying all utilities except water. Top unit with explosive city views, new slip resistant step coating, and private two car garages for all 3 units. The large common area hosts many options for a bbq area, sitting area or retreat. Total rents are a phenomenal $100,800 in yearly Gross Income at a 4.0% cap rate with two units greatly under priced. No rent control allows a potential $126,000 Gross Income @ 5% cap at area average rents of $3500 per unit. Great investment w/upside potential. Only 7 minutes from new LA RAMS stadium, all major Freeways,Westfield shopping mall, trader Joes & upscale dining. Perfect for 1031 exchange, investment safe harbor. This one is not to be missed.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T15:29:39.577. 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. Licensed in the State of California, USA.
    www.teamforss.com/homes/87837254

    5048 W Slauson Avenue Ladera Heights, CA 90056

    • Price: $2,100,000
    • Status: Active Under Contract
    • Updated: 46 min ago
    • ID#: SR18226387
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,172
    SQFT
    $406
    $/SQFT
    1961
    Built
    Neighborhood:
    103 - Ladera Heights
    County:
    Los Angeles
    Area:
    103 - Ladera Heights
    Property Description
    Opportunity Knocks! Attention Investors! Incredible updated Triplex in the heart of red-hot Ladera Heights. Short distance to shops, restaurants and 24 hour fitness. Partially remodeled & tastefully done with all of the amenities of a single family home. All 3 units features 3br+2bath. Owners front unit includes combination travertine & carpet, central a/c, large kitchen with granite counter tops, SS appliances, new modern cabinets, and private laundry. The other two units feature top-of-the line upgraded appliances (refrigerators, stoves, microwaves, washers & dryers), and each unit has its own HVAC. All units include tiled bathrooms w/ Frame-less walk-in showers, spacious storage areas & others with sunken tub. The units are separately metered for gas and electricity, & tenants are responsible for paying all utilities except water. Top unit with explosive city views, new slip resistant step coating, and private two car garages for all 3 units. The large common area hosts many options for a bbq area, sitting area or retreat. Total rents are a phenomenal $100,800 in yearly Gross Income at a 4.0% cap rate with two units greatly under priced. No rent control allows a potential $126,000 Gross Income @ 5% cap at area average rents of $3500 per unit. Great investment w/upside potential. Only 7 minutes from new LA RAMS stadium, all major Freeways,Westfield shopping mall, trader Joes & upscale dining. Perfect for 1031 exchange, investment safe harbor. This one is not to be missed.
    Exterior Features

    Architectural Style Bungalow Construction Materials ConcreteDrywall WallsStucco Exterior Features Rain Gutters Fence YN Yes Fencing BrickWood Foundation Details Raised Garage Spaces 6.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 13.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Alley PavedPaved Roof Shingle Spa Features None Spa YN No View City LightsOceanPanoramic View YN Yes

    Interior Features

    Appliances 6 Burner StoveEnergy Star AppliancesGas & Electric RangeGas OvenGas RangeMicrowave Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1675 Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Cooling YN Yes Door Features Double Door EntryMirrored Closet Doors Fireplace Features Family RoomGas Fireplace YN Yes Flooring CarpetStone Heating Central Furnace Heating YN Yes Interior Features Granite CountersRecessed Lighting Laundry Features In Kitchen Levels Two Room Type All Bedrooms DownFamily RoomKitchenLaundryLiving RoomMain Floor Master Bedroom Window Features Bay WindowCasement Windows

    Property Features

    Accessibility Features 36 Inch Or More Wide HallsParking Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.00 Community Features Sidewalks Country Us Electric Electricity - On Property Elevation Units Feet Gardener Expense 960.00 Gross Income 100800.00 Gross Scheduled Income 100800.00 Insurance Expense 2148.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Net Operating Income 94092.00 New Construction YN No New Taxes Expense 21556.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 3 Number Wall AC 3 Number With Carpet 3 Number With Dishwasher 3 Number With Patio 1 Number With Range 3 Number With Refrigerator 3 Operating Expense 6708.00 Property Condition Updated/Remodeled Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTrash Collection Total Expenses 6708.00 Trash Expense 0.00 Utilities Cable AvailableCable ConnectedNatural Gas ConnectedPhone ConnectedSewer Connected Water Sewer Expense 3600.00 Water Source Public Year Built Source Assessor Zoning Lcr318u*

    Listing provided courtesy of Jahmall Ellis of Sotheby's International Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T15:29:39.577. 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. Licensed in the State of California, USA.
     
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