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    205 E Avenue 40

    Los Angeles, CA 90031
    • $749,500
    • STATUS: Pending
    • ON SITE: 10 days
    • ID#: 20-607782
    Pending
    UPDATED: 11 min ago
    $749,500
    • 7
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,659
      SQFT
    • $205
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    INVESTOR ALERT - 5 Units in Los Angeles! Your opportunity to own this affordable California classic. Consisting of 5 Legal Units with 2 separate building structures: Front building is an early 1900s house with 3-units plus separate coin laundry room. Back building was built in 1940s with 2 Units above attached 4-car garage with ample parking. All Units are long-term Tenant occupied. Fenced, easy-care yard. Zoned LARD2 Adj. House at 206 E. Avenue 41, being sold separately. Ideal location, close to major freeways, minutes to downtown LA, Pasadena & Glendale. This is a Trust Sale.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-08T21:43:51.853. 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.corrieluxuryhomes.com/homes/108323580
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    205 E Avenue 40 Los Angeles, CA 90031

    • Price: $749,500
    • Status: Pending
    • Updated: 11 min ago
    • ID#: 20-607782
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,659
    SQFT
    $205
    $/SQFT
    1941
    Built
    Neighborhood:
    Lincoln Heights
    County:
    Los Angeles
    Area:
    Lincoln Heights
    School District:
    Palos Verdes / Lausd - Inquire
    Property Description
    INVESTOR ALERT - 5 Units in Los Angeles! Your opportunity to own this affordable California classic. Consisting of 5 Legal Units with 2 separate building structures: Front building is an early 1900s house with 3-units plus separate coin laundry room. Back building was built in 1940s with 2 Units above attached 4-car garage with ample parking. All Units are long-term Tenant occupied. Fenced, easy-care yard. Zoned LARD2 Adj. House at 206 E. Avenue 41, being sold separately. Ideal location, close to major freeways, minutes to downtown LA, Pasadena & Glendale. This is a Trust Sale.
    Exterior Features

    Covered Parking 4 Entry Location Ground Level W/Steps Exterior Construction StuccoWood Siding Garage Structures Total 1 Levels Ground Level Lot Size Area 7502 Other Structures None Parking Garage AssignedDriveway Patio Features Patio Open Paved YN Yes Pool Description None Pool YN No Roof Composition Spa None Spa YN No Sprinklers None Style Craftsman Tennis Court None Tennis YN No Total Parking 4 View Description Hills View YN Yes Water Frontage None

    Interior Features

    Baths Total 5.00 Common Walls Attached Cooking Appliances Oven-Gas Cooling None Equipment Range/OvenCeiling Fan Fireplace Rooms None Flooring WoodCarpetVinyl Foundation Details Combination Heating Wall Gas Water Heater Features Gas

    Property Features

    ADACompliance No Alley YN No Amenities None Assessed Total Value 87194 Disability Access None Electric Expense 111.00 Entry Floor Number 1 Gardener Expense 2400.00 Gross Income 46788 Gross Operating Income 46788 Insurance Expense 3132.00 Land Lease Type Fee Like Units1 4 Like Units2 1 Net Operating Income 29268.00 Number Of Buildings 2 Number Of Units 5 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Security Features None Sewer In Street Source Living Area Assessor Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Tenant Pays Cable TvElectricityGas Total Annual Expense 16423 Trash Expense 1192.00 TVServices Cable Tv Type Of Units Apartment Water District Water Expense 1380.00 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Michelle Harnsberger DRE#01022378 of Harnsberger Realty 1924.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-08T21:43:51.853. 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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