616 S Ford

    Los Angeles (City), CA 90022
    • $650,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 19476954
    UPDATED: 61 min ago
    $650,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,162
      SQFT
    • $301
      $/SQFT
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    **DO NOT DISTURB TENANTS** Fully occupied with great long term tenants and a value add opportunity. This is a wonderful cash flowing property to add to your portfolio with upside. Very easy to manage with very low maintenance. Water heaters/lines are new or newer, roof approx 17 years old, some electrical & one electrical panel replaced. Buyer (s) to do there due diligence on rent control/rent stabilization in the area.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T19:36:45.46. 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/95795941

    616 S Ford Los Angeles (City), CA 90022

    • Price: $650,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: 19476954
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,162
    SQFT
    $301
    $/SQFT
    1947
    Built
    County:
    Los Angeles
    Property Description
    **DO NOT DISTURB TENANTS** Fully occupied with great long term tenants and a value add opportunity. This is a wonderful cash flowing property to add to your portfolio with upside. Very easy to manage with very low maintenance. Water heaters/lines are new or newer, roof approx 17 years old, some electrical & one electrical panel replaced. Buyer (s) to do there due diligence on rent control/rent stabilization in the area.
    Exterior Features

    Lot Size Units Square Feet Parking Features Driveway Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 5.65 Electric Expense 0.00 Fuel Expense 0.00 Gross Multiplier 11.70 Gross Operating Income 55500.00 Improvements Amount 148578 Insurance Expense 1800.00 Land Value 104005 Laundry YN Yes Maintenance Expense 2100.00 Net Operating Income 36696.00 Special Listing Conditions Standard Total Expenses 18804.00 Trash Expense 0.00 Water Sewer Expense 6900.00 Zoning Lcr3yy

    Listing provided courtesy of Sebastian Wolski of Compass and Richard Alvarado of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T19:36:45.46. 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 | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024