3505 Marguerite Street

    Los Angeles (City), CA 90065
    • $1,195,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: 18405258
    UPDATED: 43 min ago
    $1,195,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $398
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Unique Glassell Park Fourplex 3505 & 3505 1/2 Marguerite offers investors significant rental upside in all four units. Built in 1925 the subject property is situated on a 9,810 square foot parcel, zoned LAR2. The compound consists of three separate structures: a front duplex, a middle bungalow, and a back house. Front house collects $1500 for the top unit and $2500 for the bottom unit. Middle Bungalow rented for $1200 and back house collects $1525. Investors will have the opportunity to implement a comprehensive interior and exterior renovation to re-imagine the property into a truly unique vintage community and increase rental income. Close to freeways, dtla, shops, and dining. All units occupied. Please do not disturb tenants. SOLD AS IS. Buyer to verify all information.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. 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/89274757

    3505 Marguerite Street Los Angeles (City), CA 90065

    • Price: $1,195,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 18405258
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    3,000
    SQFT
    $398
    $/SQFT
    1925
    Built
    Neighborhood:
    623 - Glassel Park
    County:
    Los Angeles
    Area:
    623 - Glassel Park
    Property Description
    Unique Glassell Park Fourplex 3505 & 3505 1/2 Marguerite offers investors significant rental upside in all four units. Built in 1925 the subject property is situated on a 9,810 square foot parcel, zoned LAR2. The compound consists of three separate structures: a front duplex, a middle bungalow, and a back house. Front house collects $1500 for the top unit and $2500 for the bottom unit. Middle Bungalow rented for $1200 and back house collects $1525. Investors will have the opportunity to implement a comprehensive interior and exterior renovation to re-imagine the property into a truly unique vintage community and increase rental income. Close to freeways, dtla, shops, and dining. All units occupied. Please do not disturb tenants. SOLD AS IS. Buyer to verify all information.
    Exterior Features

    Carport Spaces 2.00 Lot Size Units Square Feet Parking Features Driveway Parking Total 2.00 Parking YN Yes

    Interior Features

    Appliances Garbage Disposal Appliances YN Yes Flooring CarpetWood Laundry Features See Remarks

    Property Features

    Gross Multiplier 14.75 Gross Operating Income 81000.00 Improvements Amount 52787 Land Value 127446 Laundry YN Yes Net Operating Income 75000.00 Property Condition Additions/Alterations Special Listing Conditions Standard Total Actual Rent 81000.00 Total Expenses 6000.00 Utilities Cable Available Zoning Lard2

    Listing provided courtesy of Michael Dronge of Compass and Sarah Fahey of Compass.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. 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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