246 E 80TH Street

    Los Angeles (City), CA 90003
    • $615,000
    • STATUS: Active
    • ON SITE: 153 days
    • ID#: 17271722
    UPDATED: 33 min ago
    $615,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,690
      SQFT
    • $229
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2005
    County:

    School Ratings & Info

    Description

    Great opportunity for a small investor or an owner occupant. Built in 2005, this duplex has a unique unit mix of two larger four bedroom apartments with two bathrooms each. Rents are below market which provides plenty of upside potential to the new owner. Because the units are relatively new, the expenses are low with separate meters for gas and electricity and separate hot water heaters. There is NO rent control and the owner may set the rents at whatever the market will bear. Currently, Section 8 vouchers for four bedroom units are as high as $2,486 per month. Also, both units contain coin operated laundry machines which are not in use but can provide additional income of approximately $100 per month. Recently, there has been over $32,000 in Capital Improvements at the property including one renovated unit, drought resistant landscaping, two water heaters a gate and the entire building was freshly painted. Offers to be made subject to inspection. Please do not disturb tenants.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-21T17:29:17.31. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.kristirobertsgroup.com/homes/76921052

    246 E 80TH Street Los Angeles (City), CA 90003

    • Price: $615,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: 17271722
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,690
    SQFT
    $229
    $/SQFT
    2005
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    Great opportunity for a small investor or an owner occupant. Built in 2005, this duplex has a unique unit mix of two larger four bedroom apartments with two bathrooms each. Rents are below market which provides plenty of upside potential to the new owner. Because the units are relatively new, the expenses are low with separate meters for gas and electricity and separate hot water heaters. There is NO rent control and the owner may set the rents at whatever the market will bear. Currently, Section 8 vouchers for four bedroom units are as high as $2,486 per month. Also, both units contain coin operated laundry machines which are not in use but can provide additional income of approximately $100 per month. Recently, there has been over $32,000 in Capital Improvements at the property including one renovated unit, drought resistant landscaping, two water heaters a gate and the entire building was freshly painted. Offers to be made subject to inspection. Please do not disturb tenants.
    Exterior Features

    Lot Size Units Square Feet Parking Features Carport Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling None Cooling YN No

    Property Features

    Cap Rate 4.45 Gross Multiplier 14.00 Gross Operating Income 43632.00 Improvements Amount 251284 Land Value 167522 Net Operating Income 27381.00 Special Listing Conditions Standard Total Expenses 16251.00 Zoning Lar2

    Listing provided courtesy of Jerome Mcalpin of Mcalpin & Company.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-21T17:29:17.31. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    Kristi Roberts Group, Inc.
    29910 Murrieta Hot Springs Road
    Murrieta CA, 92563