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    6703 2nd Avenue

    Los Angeles (City), CA 90043
    • $699,900
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: SB21153756
    $699,900
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    EXCELLENT INVESTMENT OPPORTUNITY..2 SEPARATE UPGRADED RENTAL UNITS ON A CORNER LOT. SPACIOUS FRONT HOME HAS 2 BEDROOMS, OPEN UPGRADED KITCHEN WITH BREAKFAST ROOM/OFFICE, UPGRADED BATHROOM, WOOD FLOORS, CROWN MOULDING, LIVING ROOM WITH FIRE PLACE, SEPARATE FORMAL DINING ROOM, AN INSIDE LAUNDRY ROOM AND A LARGE FRONT PORCH. A 3RD BEDROOM MAY BE POSSIBLE IF THE SEPARATE FORMAL DINING ROOM IS NOT NEEDED. LOVELY UPGRADED SEPARATE REAR UNIT HAS 1 BEDROOM WITH WALK IN CLOSET, UPGRADED KITCHEN, UPGRADED BATHROOM, CROWN MOULDING, MIRRORED CLOSET DOORS, LAUNDRY ROOM AND A 2 CAR ATTACHED GARAGE. WITH CITY OF LOS ANGELES BUILDING AND SAFETY'S APPROVAL, THE 2 CAR ATTACHED GARAGE MAY HAVE THE POTENTIAL OF BEING CONVERTED INTO AN "ADU" ACCESSORY DWELLING UNIT OR 2 ADDITIONAL BEDROOMS. BUYER AND BUYER'S AGENT ARE RESPONSIBLE FOR VERIFYING ANY POTENTIAL CONVERSIONS WITH THE CITY OF LOS ANGELES DEPARTMENT OF BUILDING AND SAFETY FOR APPROVAL. BUYER AND BUYER'S AGENT ARE RESPONSIBLE FOR VERIFYING ALL EXISTING PROPERTY BUILDING PERMITS ISSUED BY THE CITY OF LOS ANGELES' BUILDING AND SAFETY DEPARTMENT. PROPERTY IS BEING SOLD IN ITS "AS-IS" PRESENT CONDITION WITHOUT ANY WARRANTIES. .......PLEASE THOUROUGHLY REVIEW ALL ATTACHED MLS SUPPLEMENTS THAT INCLUDES BUILDING RECORDS FROM THE CITY OF LOS ANGELES BUILDING AND SAFETY DEPARTMENT........PROPERTY IS COMPLETELY FENCED AND HAS AN OPEN PATIO DECK BETWEEN THE 2 UNITS. SELLER STATES THAT UPGRADED ELECTRICAL PANELS, UPGRADED WINDOWS AND UPGRADED ROOFS HAVE BEEN INSTALLED. UNITS HAVE SEPARATE ELECTRIC AND GAS METERS. THE REAR UNIT WILL BE DELIVERED VACANT AT CLOSE OF ESCROW. THIS IS AN EXCELLENT INVESTMENT PROPERTY FOR AN INVESTOR SEEKING POSITIVE CASH FLOW FROM 2 UNITS OR A BUYER WANTING TO LIVE IN ONE UNIT AND RECEIVE RENTAL INCOME FROM THE OTHER. CLOSE TO CHURCHES, METRO STATION, SHOPPING, SCHOOLS, PARK AND NEW ENTERTAINMENT CENTER IN INGLEWOOD. NO PURCHASE OFFERS WITH LINES OF CREDIT OR HARD MONEY LOANS...SUBMIT ONLY "HIGHEST, BEST AND FINAL" PURCHASE OFFER. ...STANDARD SALE WITHOUT THE HASSLES OF A SHORT SALE, REO, FORECLOSURE SALE OR THE UNCERTAINTY OF A PROBATE SALE. ......SELLER'S CHOICE OF ALL SERVICES...PLEASE READ ENTIRE PRIVATE AGENT REMARKS AND SHOWING INSTRUCTIONS!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-26T17:35:13.06. 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/119370021
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    6703 2nd Avenue Los Angeles (City), CA 90043

    • Price: $699,900
    • Status: Active
    • ID#: SB21153756
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1924
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    EXCELLENT INVESTMENT OPPORTUNITY..2 SEPARATE UPGRADED RENTAL UNITS ON A CORNER LOT. SPACIOUS FRONT HOME HAS 2 BEDROOMS, OPEN UPGRADED KITCHEN WITH BREAKFAST ROOM/OFFICE, UPGRADED BATHROOM, WOOD FLOORS, CROWN MOULDING, LIVING ROOM WITH FIRE PLACE, SEPARATE FORMAL DINING ROOM, AN INSIDE LAUNDRY ROOM AND A LARGE FRONT PORCH. A 3RD BEDROOM MAY BE POSSIBLE IF THE SEPARATE FORMAL DINING ROOM IS NOT NEEDED. LOVELY UPGRADED SEPARATE REAR UNIT HAS 1 BEDROOM WITH WALK IN CLOSET, UPGRADED KITCHEN, UPGRADED BATHROOM, CROWN MOULDING, MIRRORED CLOSET DOORS, LAUNDRY ROOM AND A 2 CAR ATTACHED GARAGE. WITH CITY OF LOS ANGELES BUILDING AND SAFETY'S APPROVAL, THE 2 CAR ATTACHED GARAGE MAY HAVE THE POTENTIAL OF BEING CONVERTED INTO AN "ADU" ACCESSORY DWELLING UNIT OR 2 ADDITIONAL BEDROOMS. BUYER AND BUYER'S AGENT ARE RESPONSIBLE FOR VERIFYING ANY POTENTIAL CONVERSIONS WITH THE CITY OF LOS ANGELES DEPARTMENT OF BUILDING AND SAFETY FOR APPROVAL. BUYER AND BUYER'S AGENT ARE RESPONSIBLE FOR VERIFYING ALL EXISTING PROPERTY BUILDING PERMITS ISSUED BY THE CITY OF LOS ANGELES' BUILDING AND SAFETY DEPARTMENT. PROPERTY IS BEING SOLD IN ITS "AS-IS" PRESENT CONDITION WITHOUT ANY WARRANTIES. .......PLEASE THOUROUGHLY REVIEW ALL ATTACHED MLS SUPPLEMENTS THAT INCLUDES BUILDING RECORDS FROM THE CITY OF LOS ANGELES BUILDING AND SAFETY DEPARTMENT........PROPERTY IS COMPLETELY FENCED AND HAS AN OPEN PATIO DECK BETWEEN THE 2 UNITS. SELLER STATES THAT UPGRADED ELECTRICAL PANELS, UPGRADED WINDOWS AND UPGRADED ROOFS HAVE BEEN INSTALLED. UNITS HAVE SEPARATE ELECTRIC AND GAS METERS. THE REAR UNIT WILL BE DELIVERED VACANT AT CLOSE OF ESCROW. THIS IS AN EXCELLENT INVESTMENT PROPERTY FOR AN INVESTOR SEEKING POSITIVE CASH FLOW FROM 2 UNITS OR A BUYER WANTING TO LIVE IN ONE UNIT AND RECEIVE RENTAL INCOME FROM THE OTHER. CLOSE TO CHURCHES, METRO STATION, SHOPPING, SCHOOLS, PARK AND NEW ENTERTAINMENT CENTER IN INGLEWOOD. NO PURCHASE OFFERS WITH LINES OF CREDIT OR HARD MONEY LOANS...SUBMIT ONLY "HIGHEST, BEST AND FINAL" PURCHASE OFFER. ...STANDARD SALE WITHOUT THE HASSLES OF A SHORT SALE, REO, FORECLOSURE SALE OR THE UNCERTAINTY OF A PROBATE SALE. ......SELLER'S CHOICE OF ALL SERVICES...PLEASE READ ENTIRE PRIVATE AGENT REMARKS AND SHOWING INSTRUCTIONS!
    Exterior Features

    Architectural Style Spanish Construction Materials Stucco Exterior Features Rain Gutters Fencing Chain LinkStucco WallWood Foundation Details RaisedSlab Lot Features Corner LotFront YardNear ParkNear Public TransitRectangular LotYard Number Of Separate Electric Meters 2 Parking Features CoveredDoor-SingleGarageOn SiteGarage Faces SideSide By Side Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Door Features Mirrored Closet Door(S) Fireplace Features Living Room Fireplace YN Yes Flooring CarpetTileWood Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Ceramic CountersCrown MoldingGranite CountersOpen FloorplanTile CountersAll Bedrooms DownBedroom On Main LevelWalk-In Closet(S)

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsStreet LightsSidewalksUrbanPark Disclosures Death On Property < 3 YrsRent Control Garage YN Yes Gross Income 0 Gross Scheduled Income 36000 Insurance Expense 932 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInsideLaundry Room Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 ExchangeFhaVa Loan Maintenance Expense 1200 Net Operating Income 22778 New Construction YN No New Taxes Expense 8750 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 13222 Possession Negotiable Property Condition Additions/AlterationsBuilding Permit Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Unknown Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 1700 Trash Expense 600 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedOverhead Utilities Water Sewer Expense 840 Water Source Public Zoning Lar1

    Listing provided courtesy of Dwight Heard of Heard Real Estate Company, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-26T17:35:13.06. 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