2341 Elmgrove Street

    Los Angeles (City), CA 90031
    • $739,900
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 20566074
    UPDATED: 31 min ago
    $739,900
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Great Investment opportunity or value add investor. Why buy one house for $800,000 or more, when you can get these 2 houses for less than $800,000 The property have 2 separate houses. Front house is in fair condition, the 2nd house is in good condition. The 2nd house has a garage was converted to large 3 rd bedroom, (no permitted) New owner should be able to get the permit as New law allow as ADU (verify with the City, broker seller have not verified) Estimate additional 3rd bedroom's living space around 300 to 350 SF. ( total living space is around 1753 SF. or more) . Each unit has separate meter, owner only pay for water bills. There are strong upside and value add to the property. An annual rental income of $43,680 ( based on the rent increase on June 1, 2020)

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T15:27:59.883. 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 | Keller Williams Realty. Licensed in the State of California, USA.

    www.debonishomes.com/homes/104385723

    2341 Elmgrove Street Los Angeles (City), CA 90031

    • Price: $739,900
    • Status: Active
    • Updated: 31 min ago
    • ID#: 20566074
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1924
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Great Investment opportunity or value add investor. Why buy one house for $800,000 or more, when you can get these 2 houses for less than $800,000 The property have 2 separate houses. Front house is in fair condition, the 2nd house is in good condition. The 2nd house has a garage was converted to large 3 rd bedroom, (no permitted) New owner should be able to get the permit as New law allow as ADU (verify with the City, broker seller have not verified) Estimate additional 3rd bedroom's living space around 300 to 350 SF. ( total living space is around 1753 SF. or more) . Each unit has separate meter, owner only pay for water bills. There are strong upside and value add to the property. An annual rental income of $43,680 ( based on the rent increase on June 1, 2020)
    Exterior Features

    Lot Size Dimensions 50X127 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking Space Parking YN Yes

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 43680.00 Gross Multiplier 16.94 Gross Operating Income 42370.00 Lot Dimensions Source Assessor Net Operating Income 30320.00 Senior Community YN No Special Listing Conditions Standard Total Actual Rent 43680.00 Vacancy Allowance Rate 3.00 Zoning Lar1

    Listing provided courtesy of Somboon Nakorn of Keller Williams Glendale


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T15:27:59.883. 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 | Keller Williams Realty. Licensed in the State of California, USA.

     
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    Riverside CA, 92508