Los Angeles, CA 90018,2915 8TH AVE

$680,000

$699,000

2.7%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Andrew Watkins • Keller Williams Realty Pacific
Bought with Jacob Raabe • RE/MAX TerraSol
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