3993 S St Andrews Place

    Los Angeles (City), CA 90062
    • $999,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: 18376226
    UPDATED: 32 min ago
    $999,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,792
      SQFT
    • $358
      $/SQFT
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    5-Unit Cash Flowing Investment Property Near Rapidly Gentrifying Leimert Park. The $639 Tenant Signed A Buyout Agreement To Vacate The Unit March 2019. The Market Rate Units Were Recently Remodeled With Updated Kitchens, Bathrooms, Flooring, Paint, Etc. And Modified Layout For A 2nd Bedroom. Additional Upside For The Next Owner To Remodel The Other 3 Units And Increase The Cashflow And Value Of The Property. Centrally Located To Downtown L.A., USC And Across The Street From A Laundromat. This Charming Complex Has 2 Detached Bungalows In Front And A 3-Unit Bungalow In Back With A Center Courtyard And Beautiful Landscaping. Don't Miss Out On This Excellent Investment Opportunity! ***Can Be Sold Together With 8 Unit Property At 6720 West Blvd. (MLS # 18-376256)***

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T15:32:33.353. 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/86725403

    3993 S St Andrews Place Los Angeles (City), CA 90062

    • Price: $999,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 18376226
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,792
    SQFT
    $358
    $/SQFT
    1924
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    5-Unit Cash Flowing Investment Property Near Rapidly Gentrifying Leimert Park. The $639 Tenant Signed A Buyout Agreement To Vacate The Unit March 2019. The Market Rate Units Were Recently Remodeled With Updated Kitchens, Bathrooms, Flooring, Paint, Etc. And Modified Layout For A 2nd Bedroom. Additional Upside For The Next Owner To Remodel The Other 3 Units And Increase The Cashflow And Value Of The Property. Centrally Located To Downtown L.A., USC And Across The Street From A Laundromat. This Charming Complex Has 2 Detached Bungalows In Front And A 3-Unit Bungalow In Back With A Center Courtyard And Beautiful Landscaping. Don't Miss Out On This Excellent Investment Opportunity! ***Can Be Sold Together With 8 Unit Property At 6720 West Blvd. (MLS # 18-376256)***
    Exterior Features

    Direction Faces East Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking YN Yes Pool Features None Pool Private YN No

    Interior Features

    Cooling None Cooling YN No Laundry Features See Remarks Room Type All Bedrooms Down

    Property Features

    Cap Rate 5.55 Gross Multiplier 12.16 Gross Operating Income 79694.00 Improvements Amount 110954 Insurance Expense 1500.00 Land Value 443830 Laundry YN Yes Licenses Expense 407.00 Maintenance Expense 1500.00 Net Operating Income 55468.00 Other Expense 1000.00 Pest Control Expense 65.00 Professional Management Expense 3411.00 Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 24226.00 Trash Expense 2048.00 Water Sewer Expense 1111.00 Zoning Lard1.5

    Listing provided courtesy of Tia Hughes of Compass.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-13T15:32:33.353. 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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