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5958 2nd Avenue

Los Angeles (City), CA 90043
  • $900,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: IV24021528
UPDATED: 26 min ago
$900,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Listing Agent(s): Albert Le of LE INVESTMENT GROUP (909-256-7889)


Description

HIGHLIGHTS: TWO HOMES ON A LOT. ProForma CAP Rate of 5.50% / ProForma GRM of 13.39% / COVID rental increase moratorium has expired in Los Angeles. 4% rental increases to continue on scheduled basis moving forward. / Potential to add possibly two (2) accessory dwelling units ADUs.The premises include two separate single-family residences, each comprising two bedrooms and one bathroom, with an approximate area of 875 square feet. Additionally, each unit is equipped with an attached one-car garage, private fenced yard, and onsite parking. Tenants pay their own utilities.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T08:26:52.37. 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 Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
www.briannasellshomes.com/homes/147083922
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5958 2nd Avenue Los Angeles (City), CA 90043

  • Price: $900,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 26 min ago
  • ID#: IV24021528
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1927
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
HIGHLIGHTS: TWO HOMES ON A LOT. ProForma CAP Rate of 5.50% / ProForma GRM of 13.39% / COVID rental increase moratorium has expired in Los Angeles. 4% rental increases to continue on scheduled basis moving forward. / Potential to add possibly two (2) accessory dwelling units ADUs.The premises include two separate single-family residences, each comprising two bedrooms and one bathroom, with an approximate area of 875 square feet. Additionally, each unit is equipped with an attached one-car garage, private fenced yard, and onsite parking. Tenants pay their own utilities.
Exterior Features

Entry Level 1 Entry Location Front Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 2 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 67200 Gross Scheduled Income 67200 Insurance Expense 1312 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 24736 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 15712 Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning LAR1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T08:26:52.37. 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 Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
 
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Brianna Miller | Synergy Real Estate
140 N. Harvard Avenue #341
Claremont CA, 91711
Listing Agent(s): Albert Le of LE INVESTMENT GROUP (909-256-7889)