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    5407 2ND Ave

    Los Angeles, CA 90043
    • $995,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: 20-592896
    Price Reduced
    UPDATED: 49 min ago
    $995,000
    • 8
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,704
      SQFT
    • $212
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Property appraised at $1.049M in March 2020 (see Docs section). Four (4) units. Huge 4700+ sqft building. Walk to new Crenshaw Line. Gross Scheduled Income: $66,508. Total Expense: $20,933. Annual Net Income: $46,059. GRM 14.96. Cap Rate 4.54%. All units 2BD+2BA w/den. One unit completely remodeled DELIVERED VACANT with hardwood flooring, new bathroom and kitchen. Recently updated plumbing. New painting and carpet. Four (4) 1-car garages with new roof - rent for $150/mo. each for extra $600/mo. or $7200/yr. Large 6150 sqft lot. Low monthly expenses and easy tenants. This area is very renter friendly with walking distance to new Crenshaw Line. This area is up-and-coming. Easy commute to Hollywood, DTLA, Santa Monica, or new Inglewood football stadium. Great for 1031 exchange. Property located in EOZ for developers and tax deferment. Tremendous upside in future. Price per sqft is amazingly low. Property at 2329 W. 59th St. is 6394 sqft and listed for sale at $2.75m. This is a great deal!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-03T21:42:54.717. 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/106998813
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    5407 2ND Ave Los Angeles, CA 90043

    • Price: $995,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: 20-592896
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,704
    SQFT
    $212
    $/SQFT
    1922
    Built
    Neighborhood:
    Park Hills Heights
    County:
    Los Angeles
    Area:
    Park Hills Heights
    Property Description
    Property appraised at $1.049M in March 2020 (see Docs section). Four (4) units. Huge 4700+ sqft building. Walk to new Crenshaw Line. Gross Scheduled Income: $66,508. Total Expense: $20,933. Annual Net Income: $46,059. GRM 14.96. Cap Rate 4.54%. All units 2BD+2BA w/den. One unit completely remodeled DELIVERED VACANT with hardwood flooring, new bathroom and kitchen. Recently updated plumbing. New painting and carpet. Four (4) 1-car garages with new roof - rent for $150/mo. each for extra $600/mo. or $7200/yr. Large 6150 sqft lot. Low monthly expenses and easy tenants. This area is very renter friendly with walking distance to new Crenshaw Line. This area is up-and-coming. Easy commute to Hollywood, DTLA, Santa Monica, or new Inglewood football stadium. Great for 1031 exchange. Property located in EOZ for developers and tax deferment. Tremendous upside in future. Price per sqft is amazingly low. Property at 2329 W. 59th St. is 6394 sqft and listed for sale at $2.75m. This is a great deal!
    Exterior Features

    Direction Faces East Garage Structures Total 4 Levels Two Lot Description Alley PavedFenced Lot Location None Lot Size Area 6152 Other Structures None Parking Garage GarageParking Space Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Style Traditional Tennis Court None Tennis YN No Total Parking 4 View Description None View YN No

    Interior Features

    Bathroom Features Low Flow Toilet(S) Baths Total 8.00 Common Walls Attached Cooking Appliances None Cooling None Den Yes Dining Room No Equipment None Family Room No Fireplace Rooms None Flooring HardwoodMixed Heating Wall Interior Features None Laundry None Rooms Den Water Heater Features Gas

    Property Features

    Alley YN Yes Assessed Total Value 429522 Entry Floor Number 1 Gross Income 66508 Gross Operating Income 66508 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 46059.00 Number Of Buildings 1 Number Of Units 4 Owner Pays WaterOther Property Condition Updated/RemodeledRepair Cosmetic Rent Control YN Yes Sale Type Standard Security Features Window BarsGated Sewer In Connected And Paid Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 20933 Type Of Units Four-Plex Water District Water Heaters YN Yes Year Built Source Appraiser Zoning Lard1.5

    Listing provided courtesy of Andrew Watkins DRE#01478668 of Keller Williams Silicon Beach.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-03T21:42:54.717. 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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