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1753 W 35th Place

Los Angeles, CA 90018
  • $1,525,000
  • STATUS: Active
  • ON SITE: 86 Days
  • ID#: SR21192198
UPDATED: 67 min ago
$1,525,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,512
    SQFT
  • $434
    $/SQFT
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Description

Opportunity Knocks! Attention Investors! Incredible updated Quadraplex in the heart of red-hot Jefferson Park. Short distance to Fwys, Downtown LA Staples center, and one of LA's Education Meccas, USC. Two Units have been partially remodeled & tastefully done with all of the amenities of a single family home. All 4 units have the ability to feature 2br+1bath layouts. There are currently 2 out of 4 that have been converted. The owner front units include combination Laminate hardwood & carpet flooring, central a/c, large kitchen with granite counter tops, SS appliances, new modern cabinets, and private laundry. The other two units are tenant occupied and awaiting the right investor to mimic the other two units with upgraded features as well. Each unit has its own HVAC, separately metered for water and gas, & tenants are responsible for paying all utilities except water. The large common area hosts many options for a bbq area, sitting area or retreat. Large rear carport and extended driveway is perfect for current layout or can possibly accommodate subterranean parking for an expansion of up to 8-10 units. When fully occupied, Total rents are a phenomenal $102,000 in yearly Gross Income at a 3.0% cap rate with two units currently under priced. No rent control allows a potential $115,200 Gross Income @ 4.5% cap at area average rents of $2800 per unit. Great investment w/upside potential. Only 15 minutes from new LA RAMS stadium, all major Freeways, Natural History Museum and Pico Union Arts Area. Perfect for 1031 exchange or investment safe harbor. This one is not to be missed!

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Based on information from CRISNet MLS as of 2021-12-02T10:56:02.91. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-12-02T10:56:02.91. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchhomesincalifornia.com/homes/121165274
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1753 W 35th Place Los Angeles, CA 90018

  • Price: $1,525,000
  • Status: Active
  • On Site: 86 Days
  • Updated: 67 min ago
  • ID#: SR21192198
0
Beds
0
Baths
0
½ Baths
0.16
Acres
3,512
SQFT
$434
$/SQFT
1928
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
Opportunity Knocks! Attention Investors! Incredible updated Quadraplex in the heart of red-hot Jefferson Park. Short distance to Fwys, Downtown LA Staples center, and one of LA's Education Meccas, USC. Two Units have been partially remodeled & tastefully done with all of the amenities of a single family home. All 4 units have the ability to feature 2br+1bath layouts. There are currently 2 out of 4 that have been converted. The owner front units include combination Laminate hardwood & carpet flooring, central a/c, large kitchen with granite counter tops, SS appliances, new modern cabinets, and private laundry. The other two units are tenant occupied and awaiting the right investor to mimic the other two units with upgraded features as well. Each unit has its own HVAC, separately metered for water and gas, & tenants are responsible for paying all utilities except water. The large common area hosts many options for a bbq area, sitting area or retreat. Large rear carport and extended driveway is perfect for current layout or can possibly accommodate subterranean parking for an expansion of up to 8-10 units. When fully occupied, Total rents are a phenomenal $102,000 in yearly Gross Income at a 3.0% cap rate with two units currently under priced. No rent control allows a potential $115,200 Gross Income @ 4.5% cap at area average rents of $2800 per unit. Great investment w/upside potential. Only 15 minutes from new LA RAMS stadium, all major Freeways, Natural History Museum and Pico Union Arts Area. Perfect for 1031 exchange or investment safe harbor. This one is not to be missed!
Exterior Features

Architectural Style MediterraneanSpanish Carport Spaces 4.00 Construction Materials ConcreteDrywall WallsDucts Professionally Air-Sealed Exterior Features Rain GuttersTv Antenna Fence YN Yes Fencing Average ConditionWood Foundation Details CombinationSlab Levels Two Lot Features 2-5 Units/AcreLot 6500-9999PavedSprinkler SystemSprinklers In FrontWalkstreetYard Lot Size Area 6800.0000 Parking Features CarportDetached Carport Parking Total 10.00 Parking YN Yes Road Frontage Type City Street Road Surface Type Alley Paved Uncovered Spaces 6.00 View City Lights View YN Yes

Interior Features

Appliances 6 Burner StoveDishwasherDisposalGas OvenRefrigerator Appliances YN Yes Common Walls 2+ Common Walls Cooling Central AirWall/Window Unit(S) Cooling YN Yes Door Features Panel Doors Fireplace Features None Fireplace YN No Flooring Laminate Laundry Features Dryer IncludedElectric Dryer HookupGas & Electric Dryer HookupGas Dryer HookupInside Laundry YN Yes Window Features Casement WindowsDouble Pane Windows

Property Features

Accessibility Features 32 Inch Or More Wide Doors Additional Parcels YN No Association Fee 0.00 Association YN No Community Features Street LightsUrban Land Lease YN No New Construction YN No Pool Features None Pool Private YN No Property Attached YN Yes Property Sub Type Apartment Senior Community YN No Sewer Public Sewer Spa Features None Spa YN No Special Listing Conditions Standard Water Source Public Zoning Lar2

Listing provided courtesy of Jahmall Ellis, CA DRE# 01712283, of Sotheby's International Realty.


Based on information from CRISNet MLS as of 2021-12-02T10:56:02.91. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-12-02T10:56:02.91. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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