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    10720 Woodbine Street

    Los Angeles (City), CA 90034
    • $2,450,000
    • STATUS: Active
    • ON SITE: 133 days
    • ID#: SB21096857
    UPDATED: 191 min ago
    $2,450,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:

    School Ratings & Info

    Description

    10720 Woodbine St is a beautiful 1982 Construction 4-Unit, located in the Palmsubmarket of Los Angeles. This property will be delivered completely tenant-ready! Newbuyers can take advantage of this NON-RENT CONTROLLED asset offering a greatreturn once units are rented out for market. This "A" location property, with greatcurb appeal, would be a perfect investment for any owner/user looking to live in aunit, and use the other's rent to pay their mortgage!Great opportunity to add value by building 3 ADU's. New buyer is able to turn thisproperty into a 7 unit by turning the top floor penthouse into a 2-Bed/1-Bath & 1-Bed/1-Bath, converting the garage into a 1-Bed/1-Bath & adding a 2-Bed/1-Bathabove the potential carport. With new units, buyer has the opportunity to add valueand increase scheduled gross income by $57,600/year.10720 Woodbine St currently has a strong mix of (1) 4-Bd/3-Ba Penthouse, (2) 2-Bd/1-Ba, & (1) 1-Bd/1-Ba units. All of the units have been completely remodeled.These spacious units feature top-of-the-line appliances, new hardwood flooring,granite countertops, new paint, as well as Dishwashers and A/C. There is copperplumbing throughout the building. Built in the 80's, there is plenty of parking foreach tenant to go along with the additional street parking.Only minutes away from Millions of $ in development, this renovated property is anideal pickup for any exchange buyer or investor looking to own in one of LosAngeles's top rental markets.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T00:28:42.52. 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 The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
    www.debonishomes.com/homes/116853543
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    10720 Woodbine Street Los Angeles (City), CA 90034

    • Price: $2,450,000
    • Status: Active
    • Updated: 191 min ago
    • ID#: SB21096857
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1982
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    10720 Woodbine St is a beautiful 1982 Construction 4-Unit, located in the Palmsubmarket of Los Angeles. This property will be delivered completely tenant-ready! Newbuyers can take advantage of this NON-RENT CONTROLLED asset offering a greatreturn once units are rented out for market. This "A" location property, with greatcurb appeal, would be a perfect investment for any owner/user looking to live in aunit, and use the other's rent to pay their mortgage!Great opportunity to add value by building 3 ADU's. New buyer is able to turn thisproperty into a 7 unit by turning the top floor penthouse into a 2-Bed/1-Bath & 1-Bed/1-Bath, converting the garage into a 1-Bed/1-Bath & adding a 2-Bed/1-Bathabove the potential carport. With new units, buyer has the opportunity to add valueand increase scheduled gross income by $57,600/year.10720 Woodbine St currently has a strong mix of (1) 4-Bd/3-Ba Penthouse, (2) 2-Bd/1-Ba, & (1) 1-Bd/1-Ba units. All of the units have been completely remodeled.These spacious units feature top-of-the-line appliances, new hardwood flooring,granite countertops, new paint, as well as Dishwashers and A/C. There is copperplumbing throughout the building. Built in the 80's, there is plenty of parking foreach tenant to go along with the additional street parking.Only minutes away from Millions of $ in development, this renovated property is anideal pickup for any exchange buyer or investor looking to own in one of LosAngeles's top rental markets.
    Exterior Features

    Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 5.27 Common Interest None Community Features BikingCurbsDog ParkGolfHiking Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 177000 Gross Scheduled Income 177000 Insurance Expense 0 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 129122 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 39028 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lar3

    Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T00:28:42.52. 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 The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
     
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