3236 Malabar Street

    Los Angeles (City), CA 90063
    • $613,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: SR19068053
    Price Reduced
    UPDATED: 56 min ago
    $613,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,500
      SQFT
    • $409
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Back on the market! buyer didn't qualify !Amazing! outstanding opportunity, 2 beautifully remodeled units perfect for owner user or savvy investor Single family home with 1+1 ADU easy financing, FHA friendly! only 3.5% down payment, NO RENT CONTROL. . Both vacant and ready to move in. Super low cost of maintenance features newer roof,newer appliances,hard wood floors,granite counters,remodeled bathrooms,dual pained windows, and more. parking for four plus detached garage. calling all investors 6 Cap rate 13.18 GRM. Up and coming area east LA minutes away from USC medical center. This property is zoned R2-1, and will considered SFH with ADU delivered with approved plans. delivered RTI. The upstairs unit is a 2 bed room 1 bath and the downstairs unit is a 1 bed room 1 bath. Laundry on property serves both units easy to show

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T18:38:00.573. 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/93147971

    3236 Malabar Street Los Angeles (City), CA 90063

    • Price: $613,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: SR19068053
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1,500
    SQFT
    $409
    $/SQFT
    1922
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    Back on the market! buyer didn't qualify !Amazing! outstanding opportunity, 2 beautifully remodeled units perfect for owner user or savvy investor Single family home with 1+1 ADU easy financing, FHA friendly! only 3.5% down payment, NO RENT CONTROL. . Both vacant and ready to move in. Super low cost of maintenance features newer roof,newer appliances,hard wood floors,granite counters,remodeled bathrooms,dual pained windows, and more. parking for four plus detached garage. calling all investors 6 Cap rate 13.18 GRM. Up and coming area east LA minutes away from USC medical center. This property is zoned R2-1, and will considered SFH with ADU delivered with approved plans. delivered RTI. The upstairs unit is a 2 bed room 1 bath and the downstairs unit is a 1 bed room 1 bath. Laundry on property serves both units easy to show
    Exterior Features

    Architectural Style Contemporary Construction Materials Stucco Fence YN Yes Fencing Block Garage Spaces 1.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 1.00 Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Maintained Roof Composition

    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 No Common Walls Cooling None Cooling YN No Fireplace Features KitchenPatioSee Remarks Fireplace YN Yes Flooring Wood Heating Wall Furnace Heating YN Yes Interior Features Granite CountersOpen FloorplanStorage Laundry Features Common AreaSee Remarks Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 6.00 Community Features SidewalksStreet Lights Country Us Electric Expense 3000.00 Elevation Units Feet Fuel Expense 360.00 Gross Income 47400.00 Gross Multiplier 13.18 Gross Operating Income 47400.00 Gross Scheduled Income 47400.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 35028.00 New Construction YN No New Taxes Expense 7811.20 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Wall AC 1 Number With Range 2 Number With Refrigerator 2 Operating Expense 42535.00 Property Condition Turnkey Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 12372.00 Trash Expense 0.00 Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer ConnectedWater Available Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Michael Barasch of Rodeo Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T18:38:00.573. 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.
     
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    171 Saxony Road, Ste. 205
    Encinitas CA, 92024