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206 E 119th Street

Los Angeles (City), CA 90061
  • $899,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: OC21216745
Price Reduced
$899,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1990
County:

School Ratings & Info

Description

Great investment property close to the freeways and LAX Airport. 3 units in 2 separate buildings. 2 units are 3 bedrooms, 2 baths and the third unit is a 1 bedroom, 1 bath. All 3 units have laminate flooring, ceiling fans, parking for up to 6 cars in a large gated driveway area and windows and roof are in good condition. This property was completely re-built in 1990 and has a large lot. Two units qualify for section 8 housing! This is a great opportunity with long term tenants that has almost $5,000 a month in income!

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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/121923193
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206 E 119th Street Los Angeles (City), CA 90061

  • Price: $899,000
  • Status: Active
  • ID#: OC21216745
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1990
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
Great investment property close to the freeways and LAX Airport. 3 units in 2 separate buildings. 2 units are 3 bedrooms, 2 baths and the third unit is a 1 bedroom, 1 bath. All 3 units have laminate flooring, ceiling fans, parking for up to 6 cars in a large gated driveway area and windows and roof are in good condition. This property was completely re-built in 1990 and has a large lot. Two units qualify for section 8 housing! This is a great opportunity with long term tenants that has almost $5,000 a month in income!
Exterior Features

Carport Spaces 4 Carport YN Yes Entry Level 1 Entry Location 1 Lot Features Level Number Of Separate Electric Meters 3 Parking Features CarportDrivewayOn Street Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features SidewalksUrban Contingency Sellers Need To Find A Replacement Property For Their 1031 Exchange And They Have Already Made Offers On Properties But Need To Get This Property Sold First. Garage YN No Gross Income 58656 Gross Scheduled Income 58656 Insurance Expense 1100 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 53256 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Operating Expense 5400 Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Trash Expense 400 Vacancy Allowance 0 Water Source Public Zoning Lar3

Listing provided courtesy of Chelsea Roger of Coldwell Banker Realty


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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Pasadena CA, 91101