641 W 97th Street

    Los Angeles (City), CA 90044
    • $795,000
    • STATUS: Active
    • ON SITE: 198 days
    • ID#: PW18102871
    UPDATED: 73 min ago
    $795,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,563
      SQFT
    • $223
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2011
    County:

    School Ratings & Info

    Description

    Beautiful, well-maintained Duplex, Built in 2011. Granite Counter-tops and Solid Wood Cabinets are featured in each Kitchen, Designer Vanities are included in each Bathroom, and Easy Care and Long-wearing, Wood-look Vinyl Flooring installed in both Units. Dual Pane Windows throughout along with an Energy-efficient FAU which provide consistent Heat are positive features of both Units. There is a long driveway that leads to a 3-Car Garage to provide off-street parking. All of this are Highlights to this Terrific Property. Both Units are rented on a month-to-month basis. At the current Sales Price, Current Rents and considering the Operating Expenses for Water and Property Management but No Allowance for Vacancy (this is a VERY Hot Rental Market / Area!), this Duplex provides a Cap Rate of 6.5% to a would-be Investor!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. 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/83172011

    641 W 97th Street Los Angeles (City), CA 90044

    • Price: $795,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: PW18102871
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,563
    SQFT
    $223
    $/SQFT
    2011
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    Beautiful, well-maintained Duplex, Built in 2011. Granite Counter-tops and Solid Wood Cabinets are featured in each Kitchen, Designer Vanities are included in each Bathroom, and Easy Care and Long-wearing, Wood-look Vinyl Flooring installed in both Units. Dual Pane Windows throughout along with an Energy-efficient FAU which provide consistent Heat are positive features of both Units. There is a long driveway that leads to a 3-Car Garage to provide off-street parking. All of this are Highlights to this Terrific Property. Both Units are rented on a month-to-month basis. At the current Sales Price, Current Rents and considering the Operating Expenses for Water and Property Management but No Allowance for Vacancy (this is a VERY Hot Rental Market / Area!), this Duplex provides a Cap Rate of 6.5% to a would-be Investor!
    Exterior Features

    Architectural Style Contemporary Construction Materials ConcreteDrywall WallsGlassStucco Fence YN Yes Fencing WoodWrought Iron Foundation Details Raised Garage Spaces 3.00 Lot Features Near Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition

    Interior Features

    Appliances Gas RangeHigh Efficiency Water Heater Appliances YN Yes 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 Door Features Mirrored Closet DoorsPanel Doors Flooring TileVinyl Heating Central FurnaceNatural Gas Heating YN Yes Laundry Features Gas & Electric Dryer HookupInsideWasher Hookup Levels Two Room Type Main Floor Bedroom Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalksStorm DrainsStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 58620.00 Gross Scheduled Income 58620.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 51420.00 New Construction YN No New Taxes Expense 8745.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 7200.00 Professional Management Expense 3600.00 Rent Control YN No Security Features Fire And Smoke Detection SystemFire SprinklersSmoke Detector Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 4885.00 Total Expenses 7200.00 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone Available Water Sewer Expense 3600.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Kevin Keenan of Millennium K2 Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. 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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