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Listing Details

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School Ratings & Info

Description

This 5 unit apartment building is an Investor's dream and best priced residential income opportunity. It's perfect for owner-user/live-in the detached single family home with 3 bedrooms, 2 baths, then rent the other 4 units to help with the mortgage. The main 2-story building has 2 units on the second floor are 2 bedroom, 1 bath each and 2 units on the first floor are 1 bedroom and one 1 bedroom. Echo Park has been called the trendiest neighborhood in Los Angeles, and Angelino Heights is an architectural jewel within this area. With Echo Park on one side and Downtown Los Angeles on the other, this property shows both charm and character. Residents enjoy myriad dining, nightlife and recreation offerings, including Dodger Stadium, Elysian Park hiking trails, Downtown and Hollywood. This is a rare opportunity to own a fabulous income property in one of the hottest markets in Los Angeles. Any savvy investor looking for an excellent first time buy, owner/user opportunity, or a bite-sized value-add asset in one of Los Angeles' hottest rental markets, will be able to capitalize on the huge rental upside potential of this property. Below market value and market rents give buyer tremendous upside potential for equity and income growth!! 931 Everett St, a performing 5-unit sold for $2.1M and 1139 Bellevue Ave, sold for $2.0M.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T07:28:49.82. 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/118817699
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938 Everett Street Los Angeles (City), CA 90026

  • Price: $1,599,000
  • Status: Active
  • Updated: 28 min ago
  • ID#: PW21140920
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1912
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
This 5 unit apartment building is an Investor's dream and best priced residential income opportunity. It's perfect for owner-user/live-in the detached single family home with 3 bedrooms, 2 baths, then rent the other 4 units to help with the mortgage. The main 2-story building has 2 units on the second floor are 2 bedroom, 1 bath each and 2 units on the first floor are 1 bedroom and one 1 bedroom. Echo Park has been called the trendiest neighborhood in Los Angeles, and Angelino Heights is an architectural jewel within this area. With Echo Park on one side and Downtown Los Angeles on the other, this property shows both charm and character. Residents enjoy myriad dining, nightlife and recreation offerings, including Dodger Stadium, Elysian Park hiking trails, Downtown and Hollywood. This is a rare opportunity to own a fabulous income property in one of the hottest markets in Los Angeles. Any savvy investor looking for an excellent first time buy, owner/user opportunity, or a bite-sized value-add asset in one of Los Angeles' hottest rental markets, will be able to capitalize on the huge rental upside potential of this property. Below market value and market rents give buyer tremendous upside potential for equity and income growth!! 931 Everett St, a performing 5-unit sold for $2.1M and 1139 Bellevue Ave, sold for $2.0M.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Total 0 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 No Gross Income 62000 Gross Scheduled Income 62000 Insurance Expense 0 Land Lease YN No Laundry Features Outside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 62000 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Number Of Units Leased 4 Operating Expense 0 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 5160 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lar3

Listing provided courtesy of Hanson Nghiem of Royal Pacific Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T07:28:49.82. 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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The DeBonis Team | Realty Masters & Associates
19040 Van Buren Boulevard #107
Riverside CA, 92508