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  • DESCRIPTION

    Wonderful Income Property in Mid Los Angeles area. All units are now 100% occupied starting June 2017! All rents have been raised to current market value and now has a Cap Rate of 5.5% and GRM at 13.9! This Craftsman Duplex is in a quiet rental area of Los Angeles. Currently utilized and producing income as a three unit. Rear Building was built with Permits in 2001 and is a 2 bedroom 2 bath collecting $1900 monthly. The Front unit is currently configured as separate units with separate entry stairway in rear to a 3 bedroom 2 bath upstairs. Another 3 bedrooms 2 bath is downstairs with an entrance from the front. One of the three bedrooms is renting at $2,400 and the other 3 bed unit is renting for $2,300. Ample parking space for all tenants in the huge Backyard and in front as well. Centrally located to DTLA, Koreatown, Miracle Mile.

    KEY DETAILS
    • Price:
    • $1,150,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • 0.16
    • Year Built:
    • 1910
    • Listing ID #:
    • SB17033299
    • Street Address:
    • 1628 S Van Ness Ave
    • City:
    • Los Angeles
    • State:
    • CA
    • Postal Code:
    • 90019
    • County:
    • Los Angeles
    • Area:
    • Cmid Los Angeles
    • Listing Status:
    • For Sale - Active

    Building

    • Number Of Floors In Unit:
    • Two
    • Number Of Units:
    • 3
    • Stories:
    • 2
    • Total # Of Buildings:
    • 2
    • Year Built:
    • 1910
    • Year Built Source:
    • Assessor

    Business

    • Annual Electric Expenses:
    • 900.00
    • Annual Insurance Expenses:
    • 1000.00
    • Annual Trash Expenses:
    • 600.00
    • Annual Water/Sewer Expenses:
    • 600.00
    • Expenses:
    • 17284.00
    • Net Operating Income:
    • 61316.00
    • Operating Expense:
    • 17284.00

    Land

    • Approximate Lot Size Range Source:
    • Assessor
    • Conforms To Zoning:
    • Lar2
    • Lot Features:
    • Lot 6500-9999
    • Lot Square Footage:
    • 7001.00

    Listing

    • Community Features:
    • Curbs, Sidewalks, Street Lighting
    • Days On Market:
    • 290
    • Previous Listing Price:
    • 1088800.00

    Money

    • Price Per Square Foot:
    • 378.79

    Systems

    • Existing Water:
    • Public

    Source

    • Listing Provided By Monica Han of Keller Williams Realty

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    NOTES

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