841 W 69th Street

    Los Angeles (City), CA 90044
    • $685,000
    • STATUS: Active
    • ON SITE: 79 days
    • ID#: MB19183230
    UPDATED: 31 min ago
    $685,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,116
      SQFT
    • $324
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    CASH COW ALERT! Actual cap-rate 6.98%+ with more potential upside. 4 UNITS in 3 detached buildings, totaling an actual 2,116 SF. This well kept 4 unit building situated on a large lot!; the said lot is zoned LARD2 (Tier 2 TOC). The extra-long driveway takes you to the spacious backyard and 3 car garage. 2 of the units were recently renovated [new kitchen, laminate flooring, paint and more]. 3 of the 4 units are currently occupied by established tenants. The studio is currently vacant but we have a $1,000/mo commitment from a well-qualified tenant. LOCATION, LOCATION, LOCATION! Just 500 ft from Gerald A. Lawson Academy of the Arts, Mathematics and Science School (Elementary) & St. Raphael Elementary School (Private), 5-minute walk to the closest bus stop, 3-minute walk to Menlo Park and Mt. Carmel High School. 4 minutes from the 110 freeway. This property is located in the heart of the Vermont Corridor which is being redeveloped by the City and County of Los Angeles in preparation for the upcoming Olympic Games and FIFA World Cup. There is tons of potential! Buyer to conduct their own due diligence.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T07:33:55.4. 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/97510717

    841 W 69th Street Los Angeles (City), CA 90044

    • Price: $685,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: MB19183230
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,116
    SQFT
    $324
    $/SQFT
    1929
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    CASH COW ALERT! Actual cap-rate 6.98%+ with more potential upside. 4 UNITS in 3 detached buildings, totaling an actual 2,116 SF. This well kept 4 unit building situated on a large lot!; the said lot is zoned LARD2 (Tier 2 TOC). The extra-long driveway takes you to the spacious backyard and 3 car garage. 2 of the units were recently renovated [new kitchen, laminate flooring, paint and more]. 3 of the 4 units are currently occupied by established tenants. The studio is currently vacant but we have a $1,000/mo commitment from a well-qualified tenant. LOCATION, LOCATION, LOCATION! Just 500 ft from Gerald A. Lawson Academy of the Arts, Mathematics and Science School (Elementary) & St. Raphael Elementary School (Private), 5-minute walk to the closest bus stop, 3-minute walk to Menlo Park and Mt. Carmel High School. 4 minutes from the 110 freeway. This property is located in the heart of the Vermont Corridor which is being redeveloped by the City and County of Los Angeles in preparation for the upcoming Olympic Games and FIFA World Cup. There is tons of potential! Buyer to conduct their own due diligence.
    Exterior Features

    Garage Spaces 3.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway LevelGarage Parking Total 3.00 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 Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 6.98 Community Features Suburban Country Us Electric Expense 950.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 45674.00 Gross Scheduled Income 59904.00 Insurance Expense 1150.00 Land Lease YN No Laundry YN No Net Operating Income 47834.00 New Construction YN No New Taxes Expense 8220.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 12070.00 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Expenses 12070.00 Trash Expense 750.00 Water Sewer Expense 1000.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Julio Ruiz of Global Platinum Properties and Armin Soleimani of Global Major Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T07:33:55.4. 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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