1647 W 12TH Place

    Los Angeles (City), CA 90015
    • $775,000
    • STATUS: Active Under Contract
    • ON SITE: 93 days
    • ID#: 19423998
    Under Contract
    $775,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,662
      SQFT
    • $291
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1918
    County:

    School Ratings & Info

    Description

    4 Unit Building in Downtown Los Angeles. Lowest price per unit in the area, 2 of the 4 units feature granite countertops, all units have new windows, and smoke alarms. All units are currently due for rent increase and new owner can increase rents upon purchase. There also is an unpermitted back house on the property that was rented in the past for $1100 per month. Back house is currently vacant. Back house is not included in unit mix and income information. All units delivered occupied. Selling As-Is. Extremely high upside in rents. Offer subject to inspection.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/91002718

    1647 W 12TH Place Los Angeles (City), CA 90015

    • Price: $775,000
    • Status: Active Under Contract
    • ID#: 19423998
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,662
    SQFT
    $291
    $/SQFT
    1918
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    4 Unit Building in Downtown Los Angeles. Lowest price per unit in the area, 2 of the 4 units feature granite countertops, all units have new windows, and smoke alarms. All units are currently due for rent increase and new owner can increase rents upon purchase. There also is an unpermitted back house on the property that was rented in the past for $1100 per month. Back house is currently vacant. Back house is not included in unit mix and income information. All units delivered occupied. Selling As-Is. Extremely high upside in rents. Offer subject to inspection.
    Exterior Features

    Lot Size Units Square Feet Parking Features Gated Parking YN Yes

    Interior Features

    Appliances Dishwasher Appliances YN Yes Cooling Central Air Cooling YN Yes

    Property Features

    Cap Rate 3.90 Gross Multiplier 20.50 Gross Operating Income 45696.00 Improvements Amount 120098 Land Value 480413 Net Operating Income 36696.00 Special Listing Conditions Standard Total Expenses 9000.00 Zoning Lard1.5

    Listing provided courtesy of Damon Nazari of Nest Seekers


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024