4136 Abner Street

    El Sereno, CA 90032
    • $2,695,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: CV18256152
    UPDATED: 38 min ago
    $2,695,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,500
      SQFT
    • $257
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    We are pleased to exclusively offer for sale this 14 unit multi-family investment property located in the city of El Sereno. With a superb unit mix, significant upside in rental income, and located in a primarily residential neighborhood, the subject property is poised for a new investor to reposition the asset and take advantage of continuously gentrifying community. The unit mix consists of 1(3bed+2bath), 8(2bed+1bath)s, 4(1bed+1baths)s, and 1 Studio unit. Tenants pay for their own electricity and gas usage while the owner pays for water and trash. Additionally, tenants enjoy onsite car-port parking, private courtyard setting, and an onsite washer and dryer facility. With a lucrative 30% upside in rental income, while located in a rent-controlled area, a new investor overtime can bring rents to market level and increase the cash-on-cash return to well over 6+%.

    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/88756203

    4136 Abner Street El Sereno, CA 90032

    • Price: $2,695,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: CV18256152
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    10,500
    SQFT
    $257
    $/SQFT
    1961
    Built
    Neighborhood:
    621 - El Sereno
    County:
    Los Angeles
    Area:
    621 - El Sereno
    Property Description
    We are pleased to exclusively offer for sale this 14 unit multi-family investment property located in the city of El Sereno. With a superb unit mix, significant upside in rental income, and located in a primarily residential neighborhood, the subject property is poised for a new investor to reposition the asset and take advantage of continuously gentrifying community. The unit mix consists of 1(3bed+2bath), 8(2bed+1bath)s, 4(1bed+1baths)s, and 1 Studio unit. Tenants pay for their own electricity and gas usage while the owner pays for water and trash. Additionally, tenants enjoy onsite car-port parking, private courtyard setting, and an onsite washer and dryer facility. With a lucrative 30% upside in rental income, while located in a rent-controlled area, a new investor overtime can bring rents to market level and increase the cash-on-cash return to well over 6+%.
    Exterior Features

    Carport Spaces 14.00 Garage Spaces 0.00 Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 14.00 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 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalks Country Us Electric Expense 937.00 Elevation Units Feet Fuel Expense 2473.00 Gross Income 187488.00 Gross Operating Income 181864.00 Gross Scheduled Income 187488.00 Insurance Expense 4200.00 Land Lease YN No Laundry Income 3468.00 Laundry YN Yes Maintenance Expense 9000.00 Net Operating Income 108210.00 New Construction YN No New Taxes Expense 32233.00 Number Of Separate Electric Meters 14 Number Of Separate Gas Meters 14 Number Of Separate Water Meters 1 Operating Expense 73654.00 Other Expense 2100.00 Other Expense Description Reserves Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 73654.00 Trash Expense 6935.00 Vacancy Allowance 5625 Water Sewer Expense 15775.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Kristopher German of Re/Max 2000.


    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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