3983 Denker Avenue

    Los Angeles (City), CA 90062
    • $780,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: 18385898
    Price Reduced
    UPDATED: 49 min ago
    $780,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,112
      SQFT
    • $369
      $/SQFT
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    PRICE REDUCED FOR QUICK SALE. The property consists of four individual bungalow units with new exterior paint and landscaping. One unit was recently rehabbed (see photos). The back unit has a private yard. This property is under LA rent control. There is upside in rent. One unit is 1/3 of market rent and tenant may vacate by January 2019. Close to MetroRail station at Western & Exposition Bl. Mostly single-family homes on the street and in the neighborhood. Great cap rate 5.7% and GRM 12.44. MOTIVATED SELLER.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T19:34:15.84. 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.fredsedgroup.com/homes/87475234

    3983 Denker Avenue Los Angeles (City), CA 90062

    • Price: $780,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: 18385898
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,112
    SQFT
    $369
    $/SQFT
    1921
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    PRICE REDUCED FOR QUICK SALE. The property consists of four individual bungalow units with new exterior paint and landscaping. One unit was recently rehabbed (see photos). The back unit has a private yard. This property is under LA rent control. There is upside in rent. One unit is 1/3 of market rent and tenant may vacate by January 2019. Close to MetroRail station at Western & Exposition Bl. Mostly single-family homes on the street and in the neighborhood. Great cap rate 5.7% and GRM 12.44. MOTIVATED SELLER.
    Exterior Features

    Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Driveway - Concrete Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Cap Rate 5.70 Electric Expense 800.00 Gross Income 5223.00 Gross Multiplier 12.44 Gross Operating Income 62676.00 Gross Scheduled Income 62676.00 Improvements Amount 201932 Insurance Expense 1500.00 Land Value 310666 Laundry YN No Maintenance Expense 2500.00 Net Operating Income 44716.00 Other Expense 1000.00 Special Listing Conditions Standard Total Expenses 17960.00 Trash Expense 0.00 Water Sewer Expense 2200.00 Zoning Lard2

    Listing provided courtesy of Keith Brennan of Brennen Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T19:34:15.84. 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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