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951 E 53rd Street

Los Angeles (City), CA 90011
  • $600,000
  • STATUS: Active
  • ON SITE: 10 Days
  • ID#: IV21221068
UPDATED: 59 min ago
$600,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1983
County:

School Ratings & Info

Description

** 2 UNITS ** GREAT INVESTMENT OPPORTUNITY ** POSSIBLE THIRD UNIT CONVERSION OPPORTUNITY IN BACK ** Live in one and and rent the other to help pay the mortgage. True duplex with each existing unit 2bd/1ba. Separate structure in back with access via paved driveway contains 2-car garage plus a storage/workshop area with some improvements already in. Shopping, services, schools nearby. Easy freeway access. DO NOT GO ON PROPERTY OR CONTACT TENANTS.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T22:27:07.67. 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/122102151
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951 E 53rd Street Los Angeles (City), CA 90011

  • Price: $600,000
  • Status: Active
  • Updated: 59 min ago
  • ID#: IV21221068
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1983
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
** 2 UNITS ** GREAT INVESTMENT OPPORTUNITY ** POSSIBLE THIRD UNIT CONVERSION OPPORTUNITY IN BACK ** Live in one and and rent the other to help pay the mortgage. True duplex with each existing unit 2bd/1ba. Separate structure in back with access via paved driveway contains 2-car garage plus a storage/workshop area with some improvements already in. Shopping, services, schools nearby. Easy freeway access. DO NOT GO ON PROPERTY OR CONTACT TENANTS.
Exterior Features

Entry Level 1 Entry Location 1 Fencing BlockWoodWrought Iron Foundation Details Slab Lot Features Corners MarkedRectangular Lot Number Of Separate Electric Meters 2 Open Parking Spaces 4 Other Structures StorageWorkshop Parking Features ConcreteDoor-SingleDrivewayGarageOn Site Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Maintained Spa Features None Spa YN No

Interior Features

Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Interior Features All Bedrooms DownBedroom On Main Level

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.15 Common Interest None Community Features CurbsGutter(S)Street LightsSidewalksUrban Disclosures Accessory Dwelling Unit Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 30900 Gross Scheduled Income 18700 Insurance Expense 1200 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 24940 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 5960 Possession Close Of Escrow Property Condition Additions/Alterations Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricity Total Actual Rent 2575 Trash Expense 1200 Water Sewer Expense 1200 Water Source Public Zoning Lar2

Listing provided courtesy of Brian Bean of Better Homes And Gardens Real Estate Champions and Valerie Jauregui of Better Homes And Gardens Real Estate Champions


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T22:27:07.67. 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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