441 W 52nd Street

    Los Angeles (City), CA 90037
    • $699,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: PW18254962
    Price Reduced
    UPDATED: 46 min ago
    $699,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,171
      SQFT
    • $322
      $/SQFT
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    Incredible Cash Flow! 7.18 CAP on Actual Existing Income. The property consists of a four-bedroom unit and two two-bedroom units as well as three garages that are rented out for additional income at $300/month each. The property has recently undergone extensive renovations by ownership, with new landscaping, a repaved driveway, exterior renovations, and a complete renovation of the four-bedroom unit and one of the two-bedroom units. Because of the upgrades, the property is generating strong cash flow and is offered at an attractive cap rate above 7% with additional upside to a 9% cap rate in the two-bedroom.units that are rented at below-market rates to long-term tenants. The property is well-located for commuters in South Los Angeles, less than two minutes from a 110 freeway on-ramp providing easy access to major employment centers in Downtown Los Angeles as well as Torrance, Gardena, and the Port of Los Angeles. The property is also easy walking distance to numerous public transportation options. Additionally, the property is less than 2 miles from the University of Southern California as well as Exposition Park which is the site of the brand new Banc of California Stadium (home to the LAFC), the world-famous Los Angeles Memorial Coliseum, and numerous museums including the under-construction $1 Billion George Lucas Museum of Narrative Art.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T12:30:05.873. 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/88751064

    441 W 52nd Street Los Angeles (City), CA 90037

    • Price: $699,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: PW18254962
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,171
    SQFT
    $322
    $/SQFT
    1910
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Incredible Cash Flow! 7.18 CAP on Actual Existing Income. The property consists of a four-bedroom unit and two two-bedroom units as well as three garages that are rented out for additional income at $300/month each. The property has recently undergone extensive renovations by ownership, with new landscaping, a repaved driveway, exterior renovations, and a complete renovation of the four-bedroom unit and one of the two-bedroom units. Because of the upgrades, the property is generating strong cash flow and is offered at an attractive cap rate above 7% with additional upside to a 9% cap rate in the two-bedroom.units that are rented at below-market rates to long-term tenants. The property is well-located for commuters in South Los Angeles, less than two minutes from a 110 freeway on-ramp providing easy access to major employment centers in Downtown Los Angeles as well as Torrance, Gardena, and the Port of Los Angeles. The property is also easy walking distance to numerous public transportation options. Additionally, the property is less than 2 miles from the University of Southern California as well as Exposition Park which is the site of the brand new Banc of California Stadium (home to the LAFC), the world-famous Los Angeles Memorial Coliseum, and numerous museums including the under-construction $1 Billion George Lucas Museum of Narrative Art.
    Exterior Features

    Garage Spaces 3.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 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 1 Common Wall Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Urban Country Us Elevation Units Feet Garage Income 1800.00 Garage Rental Rate 300.00 Gross Income 64800.00 Gross Scheduled Income 66000.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN No Net Operating Income 52074.00 New Construction YN No New Taxes Expense 8618.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 22086.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 21726.00 Trash Expense 600.00 Vacancy Allowance 2640 Water Sewer Expense 1800.00 Water Source Public Zoning Lard2

    Listing provided courtesy of Daniel Lewin of Marcus & Millichap and Shane Young of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T12:30:05.873. 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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