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1435 E 48th Place

Los Angeles (City), CA 90011
  • $725,000
  • STATUS: Active
  • ON SITE: 8 Days
  • ID#: DW21227727
UPDATED: 28 min ago
$725,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1906
County:

School Ratings & Info

Description

Excellent buy and hold property. Two separate structures. Both units are currently rented. Front unit features 3 bedrooms and 2 bathrooms, collects $1600/month. Rear unit features 2 bedrooms and 2 bathrooms, two levels with bonus 3rd room, single car attached garage to rear unit with front access, collects $1,800/month. There is a 3 car garage that is accessible through the rear alley. Property has been priced accordingly. Property to be sold with tenants and in "As-Is" condition.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T00:28:10.14. 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 or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/122354714
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1435 E 48th Place Los Angeles (City), CA 90011

  • Price: $725,000
  • Status: Active
  • Updated: 28 min ago
  • ID#: DW21227727
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1906
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
Excellent buy and hold property. Two separate structures. Both units are currently rented. Front unit features 3 bedrooms and 2 bathrooms, collects $1600/month. Rear unit features 2 bedrooms and 2 bathrooms, two levels with bonus 3rd room, single car attached garage to rear unit with front access, collects $1,800/month. There is a 3 car garage that is accessible through the rear alley. Property has been priced accordingly. Property to be sold with tenants and in "As-Is" condition.
Exterior Features

Architectural Style Traditional Carport Spaces 0 Carport YN Yes Construction Materials DrywallStucco Direction Faces South Fencing Wrought Iron Foundation Details RaisedSlab Lot Features Front YardNo LandscapingNear Public TransitYard Number Of Separate Electric Meters 2 Open Parking Spaces 4 Parking Features Attached Carport Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof CompositionShingle Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features None Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsSidewalks Contingency Submit Subject To interior inspection. Property To Be Sold in "As-Is" Conditions. Tenants To Remain in Possession. Buyers Are Advice To Verify Bedroom/Bathroom/Sqft. Current Financing None Disclosures Rent Control Electric Standard Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 37800 Gross Scheduled Income 40800 Insurance Expense 1200 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalContractSubmit Net Operating Income 37800 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 3000 Possession Close Of Escrow Property Condition FixerRepairs Cosmetic Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Third Party Approval Tenant Pays Cable TvElectricityGas Trash Expense 300 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Water Sewer Expense 1800 Water Source Public Zoning Lar2

Listing provided courtesy of Ray Penado of Excellence Re Real Estate


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T00:28:10.14. 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 or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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