2111 S Union Avenue

    Los Angeles (City), CA 90007
    • $1,050,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: MB18205004
    UPDATED: 56 min ago
    $1,050,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,002
      SQFT
    • $262
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1898
    County:

    School Ratings & Info

    Description

    5 units located in the most centralized area of Los Angeles! Close to everything happening in the Los Angeles area; downtown LA, restaurants, USC, Coliseum, Staple Center, Hollywood, Pasadena, beaches and Freeways! Charter High School just a few steps away making this property very desirable for family living. This is an excellent opportunity to own income property in one of the best rental areas of Los Angeles. Lots of potential for upside. All units are rented and have stable tenants. Third floor is used as storage. Currently 5 parking spaces with potential for additional parking.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T21:26:51.247. 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.impactca.com/homes/86845907

    2111 S Union Avenue Los Angeles (City), CA 90007

    • Price: $1,050,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: MB18205004
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,002
    SQFT
    $262
    $/SQFT
    1898
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    5 units located in the most centralized area of Los Angeles! Close to everything happening in the Los Angeles area; downtown LA, restaurants, USC, Coliseum, Staple Center, Hollywood, Pasadena, beaches and Freeways! Charter High School just a few steps away making this property very desirable for family living. This is an excellent opportunity to own income property in one of the best rental areas of Los Angeles. Lots of potential for upside. All units are rented and have stable tenants. Third floor is used as storage. Currently 5 parking spaces with potential for additional parking.
    Exterior Features

    Architectural Style Victorian Carport Spaces 0.00 Construction Materials Drywall WallsWood Siding Direction Faces East Exterior Features Lighting Fence YN Yes Fencing BlockWood Foundation Details Pillar/Post/PierRaised Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDrivewayDriveway - ConcreteOff Street Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Maintained Roof CompositionShingle Spa Features None Spa YN No

    Interior Features

    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 2+ Common Walls Cooling None Cooling YN No Flooring CarpetLaminateTileVinyl Heating Wall Heater Heating YN Yes Laundry Features None Levels Three Or More Room Type AtticBasementKitchen Window Features Wood Frame Windows

    Property Features

    Accessibility Features Parking Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.70 Community Features SidewalksStreet Lighting Country Us Electric Electricity - On PropertyStandard Elevation Units Feet Gardener Expense 960.00 Gross Income 59625.00 Gross Operating Income 57862.00 Gross Scheduled Income 59652.00 Insurance Expense 2500.00 Land Lease YN No Laundry YN No Lot Dimensions Source Assessor Net Operating Income 37737.00 New Construction YN No New Taxes Expense 13125.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 18985.00 Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityTelephone Total Actual Rent 4971.00 Total Expenses 18985.00 Trash Expense 1000.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 1400.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Sam Onate of Keller Williams.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T21:26:51.247. 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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