839 W 69TH Street

    Los Angeles (City), CA 90044
    • $699,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: 18412076
    UPDATED: 33 min ago
    $699,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,116
      SQFT
    • $330
      $/SQFT
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Actual cap 6.5%+ with more potential upside. Motivated seller. The offering consists of 3 detached buildings, totaling an actual 2,116 SF [county records reflect 1,770 sf, buyer to investigate with the City of LA for possible permits]. This well kept 4 unit building situated on a large lot!; the said lot is zoned ***LARD2 and a Tier 2 TOC zoned area***. The extra long driveway takes you to the spacious backyard and 3 car garage. 2 of the units were recently renovated [new kitchen, laminate flooring, paint and more]. All units have established tenants and will be delivered 100% occupied. Good paying tenants! This property is located close to everything! Schools, parks, transit and freeways! Close to the 110 freeway, USC, Downtown Los Angeles and more! Definitely, a must see for investors looking for passive income. Motivated Seller bring all offers.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T18:30:19.243. 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/89776173

    839 W 69TH Street Los Angeles (City), CA 90044

    • Price: $699,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: 18412076
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,116
    SQFT
    $330
    $/SQFT
    1929
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Actual cap 6.5%+ with more potential upside. Motivated seller. The offering consists of 3 detached buildings, totaling an actual 2,116 SF [county records reflect 1,770 sf, buyer to investigate with the City of LA for possible permits]. This well kept 4 unit building situated on a large lot!; the said lot is zoned ***LARD2 and a Tier 2 TOC zoned area***. The extra long driveway takes you to the spacious backyard and 3 car garage. 2 of the units were recently renovated [new kitchen, laminate flooring, paint and more]. All units have established tenants and will be delivered 100% occupied. Good paying tenants! This property is located close to everything! Schools, parks, transit and freeways! Close to the 110 freeway, USC, Downtown Los Angeles and more! Definitely, a must see for investors looking for passive income. Motivated Seller bring all offers.
    Exterior Features

    Lot Features Sprinklers None Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling Wall Window Cooling YN Yes Laundry Features None

    Property Features

    Gross Multiplier 12.04 Gross Operating Income 58104.00 Improvements Amount 85680 Insurance Expense 1150.00 Land Value 224400 Laundry YN No Maintenance Expense 400.00 Net Operating Income 45674.00 Special Listing Conditions Standard Total Expenses 12430.00 Water Sewer Expense 2300.00 Zoning Lard2

    Listing provided courtesy of Armin Soleimani of Global Platinum Properties, In.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-10T18:30:19.243. 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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