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    5407 2nd Ave

    Los Angeles, CA 90043
    • $915,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 20-627688
    UPDATED: 34 min ago
    $915,000
    • 8
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,704
      SQFT
    • $195
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    REDUCED! Four unit building with 4704 sqft on large 6152 sqft lot. Each unit is 2BD+2BA. One unit completely remodeled with hardwood flooring, new bath and kitchen, and currently vacant for owner occupant. Recently updated plumbing. New painting and carpet in hallways. Other units rented to easy tenants paying on time every month. Four (4) one-car garages with new roofs rented for $150/month and will be delivered vacant. Property has low monthly expenses. Gross Scheduled Income: $66,508. Total Expense: $19,973. Annual Net Income: $46,535. GRM 13.76. Cap Rate 5.04%. Walking distance to new Crenshaw Metro Line. This area is up-and-coming. Easy commute to Hollywood, downtown LA or Santa Monica, or new Inglewood football stadium. Tremendous upside in future. Price per sqft is amazingly low. Great for 1031 exchange. Property located in Economic Opportunity Zone (EOZ) for developers and tax deferment. A great property for long term hold. Appraised value $1,049,000 in March 2020.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T22:42:29.52. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/109650602
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    5407 2nd Ave Los Angeles, CA 90043

    • Price: $915,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 20-627688
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,704
    SQFT
    $195
    $/SQFT
    1922
    Built
    Neighborhood:
    Park Hills Heights
    County:
    Los Angeles
    Area:
    Park Hills Heights
    Property Description
    REDUCED! Four unit building with 4704 sqft on large 6152 sqft lot. Each unit is 2BD+2BA. One unit completely remodeled with hardwood flooring, new bath and kitchen, and currently vacant for owner occupant. Recently updated plumbing. New painting and carpet in hallways. Other units rented to easy tenants paying on time every month. Four (4) one-car garages with new roofs rented for $150/month and will be delivered vacant. Property has low monthly expenses. Gross Scheduled Income: $66,508. Total Expense: $19,973. Annual Net Income: $46,535. GRM 13.76. Cap Rate 5.04%. Walking distance to new Crenshaw Metro Line. This area is up-and-coming. Easy commute to Hollywood, downtown LA or Santa Monica, or new Inglewood football stadium. Tremendous upside in future. Price per sqft is amazingly low. Great for 1031 exchange. Property located in Economic Opportunity Zone (EOZ) for developers and tax deferment. A great property for long term hold. Appraised value $1,049,000 in March 2020.
    Exterior Features

    Direction Faces East Entry Location Ground Level W/Steps Exterior Construction Stucco Garage Structures Total 1 Levels Two Lot Size Area 6152 Other Structures None Parking Garage Garage - 4+ CarPrivateDriveway Patio Features EnclosedPorch - FrontPorch - Rear Paved YN Yes Pool Description None Pool YN No Roof Asphalt Spa None Spa YN No Sprinklers None Tennis Court None Tennis YN No Total Parking 8 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 8.00 Common Walls Attached Cooking Appliances None Cooling None Equipment RefrigeratorRange/Oven Fireplace Rooms None Flooring MixedHardwoodLaminateCarpetCeramic Tile Foundation Details BlockConcrete Perimeter Heating Wall Interior Features None Laundry None Water Heater Features Gas

    Property Features

    Alley YN Yes Assessed Total Value 429522 Electric Expense 1545.00 Entry Floor Number 1 Gross Income 66508 Gross Operating Income 66508 Insurance Expense 2081.00 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Maintenance Expense 1512.00 Net Operating Income 46535.00 Number Of Buildings 1 Number Of Units 4 Rent Control YN Yes Sale Type Standard Security Features GatedWindow BarsSmoke DetectorCarbon Monoxide Detector(S) Sewer In Connected And Paid Source Living Area Appraiser Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 19973 Trash Expense 1545.00 Type Of Units Four Plex Water District Water Expense 1545.00 Water Heaters YN Yes Year Built Source Appraiser Zoning Lard1.5

    Listing provided courtesy of Andrew Watkins DRE#01478668 of Keller Williams Silicon Beach.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-18T22:42:29.52. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355