$680,000
$699,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
7,501 Sqft Lot
SOLD DATE : 01/08/2016
Key Details
Sold Price $680,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 15959703
Sold Date 01/08/16
HOA Y/N No
Year Built 1923
Lot Size 7,501 Sqft
Property Description
Prime location near Jefferson Park HPOZ! Sale Price $699,000, GSI = $54,000, GRM = 12.94, Cap Rate = 6.58%. Unit #1: Completely remodeled 3BD+3BA. Over 1260 sq.ft. Open floor plan. Spacious family great room. Newly designed kitchen. Granite countertops and center island. Hardwood flooring. Recessed lights. New laundry room. 3 new bathrooms. Garage updated and ready for use. Fair market rent at $2350+/month. Unit #2: Updated 3BD+1BA. Newly designed kitchen. Granite countertops. Hardwood flooring. Over 1210 sq.ft. Private patio area. Extra storage in garage area. Washer/dryer hookups. Fair market rent at $2150+/month. Close to historic West Adams. Adjacent to Jefferson Park HPOZ. Easy commute to Hollywood, downtown LA, or Santa Monica. Sale Price $699,000! 6 Beds, 4 Baths. 2476 sq. ft. and 7499 sq. ft. lot. APN: 5051-021-022. Sale Price = $699,000. Gross Scheduled Income = $54,000. Total Expense = $8,020. Gross Rent Multiplier = 12.94. Annual Net Income = $45,980. Cap Rate = 6.58%.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD3
Interior
Cooling None
Fireplace No
Appliance Dishwasher, Disposal, Washer
Laundry Gas Dryer Hookup
Exterior
Garage Door-Multi, Driveway, Garage
Total Parking Spaces 6
Building
Lot Description Sprinklers None
Others
Tax ID 5051021022
Special Listing Condition Standard
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Bought with Jacob Raabe • RE/MAX TerraSol
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