8400 S Grand Avenue

    Los Angeles (City), CA 90003
    • $680,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: SB19149592
    UPDATED: 63 min ago
    $680,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,830
      SQFT
    • $240
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2002
    County:

    School Ratings & Info

    Description

    Please take all your buyers to go see this beautiful two-unit property that has easy access to the 101 freeway and is less than 10 minutes away from the University of Southern California campus and another 5 minutes away from downtown LA. It comes with two attached buildings. Each building has its own private yard, 1-car attached garage and laundry area. Unit 1 (342 W 84th St., LA) is two levels and has 3 bedrooms and 2.5 bathroom. Unit 2 (8400 S Grand Ave, LA) has 3 bedrooms and 2 bathrooms (plus a demarcated space that's currently being used as a 4th bedroom by current occupants). Both units are in excellent condition and have been well cared for over the years; Unit 2 was renovated less than 2 years ago. Central heating is available to both units. There is separate power and gas meters for each unit. Tenants are responsible for their own power and gas while Owner is responsible only for water and trash. Both tenants are on month-to-month lease and there in NO rent control. This is perfect as an income-generator for both investors and an owner-occupier. You can live in one unit and rent out the other unit to cover most of your mortgage. Seller is willing to vacate one of the units at the close of escrow and will consider vacating BOTH units with the right offer.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. 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/96264572

    8400 S Grand Avenue Los Angeles (City), CA 90003

    • Price: $680,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: SB19149592
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,830
    SQFT
    $240
    $/SQFT
    2002
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    Please take all your buyers to go see this beautiful two-unit property that has easy access to the 101 freeway and is less than 10 minutes away from the University of Southern California campus and another 5 minutes away from downtown LA. It comes with two attached buildings. Each building has its own private yard, 1-car attached garage and laundry area. Unit 1 (342 W 84th St., LA) is two levels and has 3 bedrooms and 2.5 bathroom. Unit 2 (8400 S Grand Ave, LA) has 3 bedrooms and 2 bathrooms (plus a demarcated space that's currently being used as a 4th bedroom by current occupants). Both units are in excellent condition and have been well cared for over the years; Unit 2 was renovated less than 2 years ago. Central heating is available to both units. There is separate power and gas meters for each unit. Tenants are responsible for their own power and gas while Owner is responsible only for water and trash. Both tenants are on month-to-month lease and there in NO rent control. This is perfect as an income-generator for both investors and an owner-occupier. You can live in one unit and rent out the other unit to cover most of your mortgage. Seller is willing to vacate one of the units at the close of escrow and will consider vacating BOTH units with the right offer.
    Exterior Features

    Garage Spaces 2.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Heating Central Heating YN Yes Laundry Features Gas Dryer HookupIn GarageWasher Hookup Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 52800.00 Gross Scheduled Income 52800.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 51300.00 New Construction YN No New Taxes Expense 8500.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 1500.00 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 4400.00 Total Expenses 11200.00 Trash Expense 500.00 Water Sewer Expense 1000.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Adeyanju Ajetunmobi of Berkshire Hathaway Homeservices California Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T08:39:24.233. 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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