560 W 88TH Street

    Los Angeles (City), CA 90044
    • $570,000
    • STATUS: Active
    • ON SITE: 135 days
    • ID#: 18361562
    UPDATED: 45 min ago
    $570,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,320
      SQFT
    • $432
      $/SQFT
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Great income property with steady income and easy access to major streets and the 110 FWY. Front unit is large and bright with 3 bed/2 bath and with all tile or wood floors thruout. Front and side doors which provide access to a great private area for gardening. The second unit is a 1/1 and tenant occupied with a long term section 8 tenant paying market rents and is scheduled for a rent increase in August. There is a bonus studio that also rents for $795/month. The property is located at the end of a dead end street with a large lot offering opportunity for additional parking, landscaping, or wonderful garden. A large long driveway, and an open area at the front of the property provides ample parking for tenants. Tenants are all kind, pay rent on time, and respectful. Close to Downtown LA, public transportation, schools, parks and highways. Buyers are to verify all information. Information is deemed reliable but not guaranteed

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T17:29:52.37. 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/85327381

    560 W 88TH Street Los Angeles (City), CA 90044

    • Price: $570,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: 18361562
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1,320
    SQFT
    $432
    $/SQFT
    1928
    Built
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    Great income property with steady income and easy access to major streets and the 110 FWY. Front unit is large and bright with 3 bed/2 bath and with all tile or wood floors thruout. Front and side doors which provide access to a great private area for gardening. The second unit is a 1/1 and tenant occupied with a long term section 8 tenant paying market rents and is scheduled for a rent increase in August. There is a bonus studio that also rents for $795/month. The property is located at the end of a dead end street with a large lot offering opportunity for additional parking, landscaping, or wonderful garden. A large long driveway, and an open area at the front of the property provides ample parking for tenants. Tenants are all kind, pay rent on time, and respectful. Close to Downtown LA, public transportation, schools, parks and highways. Buyers are to verify all information. Information is deemed reliable but not guaranteed
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Laundry Features Washer IncludedDryer Included

    Property Features

    Fuel Expense 25.00 Gross Multiplier 12.17 Gross Operating Income 45600.00 Improvements Amount 33363 Land Value 177952 Laundry Income 1200.00 Laundry YN Yes Maintenance Expense 800.00 Net Operating Income 42300.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 2 Number With Range 2 Property Condition Additions/Alterations Special Listing Conditions Standard Total Actual Rent 3900.00 Total Expenses 2700.00 Zoning Lard5

    Listing provided courtesy of Mariko M Mckittrick of Deasy Penner & Partners.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-18T17:29:52.37. 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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