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    1054 W 45th Street

    Los Angeles (City), CA 90037
    • $1,235,000
    • STATUS: Pending
    • ON SITE: 62 days
    • ID#: DW20171388
    Pending
    UPDATED: 59 min ago
    $1,235,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,617
      SQFT
    • $341
      $/SQFT
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    CASH COW PROPERTY!!! $117,300 Gross Income. CAP Rate is 7.48!! This FULLY REMODELED property is located close to USC. Property contains 2,081 sqft 2-story home (6 beds + 3 baths) & a 1,536 sqft 2-story Duplex (2 beds + 1 bath for each unit). All upgrades throughout the property have been done with permits & approved by Building & Safety Dept. The following have been done recently: interior framing, copper plumbing, abs lines, gas lines, insulation, dual-paned windows, drywall, recessed lighting, high-grade wax-coating, laminate & tile flooring, paint, cabinets & counters, sinks, faucets, tankless water heaters, laundry washer/dryer hookups, 3-car Mesa garage doors, new electrical panels for house & garage. Note, plumbing on each unit have separate copper lines (making it very easy to put separate meters on each unit). Private parking for 12 cars (3 garage, 8 in driveway, 1 carport). TV & 16 camera security system wiring throughout. LOCATION is near USC, the Coliseum, Expo Park, Science Center, Natural History Museum, the Banc of Ca Stadium (home to the LAFC) as well as the $1 Billion George Lucas Museum of Narrative Art and much more. Previously rented to students at $1,000 per room. Front house is owner occupied and rear units have tenants (1 month to month and the other lease expires in 2021). Please do not Disturb the tenants & do not walk the property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-23T07:28:44.92. 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 Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/109234544
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    1054 W 45th Street Los Angeles (City), CA 90037

    • Price: $1,235,000
    • Status: Pending
    • Updated: 59 min ago
    • ID#: DW20171388
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,617
    SQFT
    $341
    $/SQFT
    1925
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    CASH COW PROPERTY!!! $117,300 Gross Income. CAP Rate is 7.48!! This FULLY REMODELED property is located close to USC. Property contains 2,081 sqft 2-story home (6 beds + 3 baths) & a 1,536 sqft 2-story Duplex (2 beds + 1 bath for each unit). All upgrades throughout the property have been done with permits & approved by Building & Safety Dept. The following have been done recently: interior framing, copper plumbing, abs lines, gas lines, insulation, dual-paned windows, drywall, recessed lighting, high-grade wax-coating, laminate & tile flooring, paint, cabinets & counters, sinks, faucets, tankless water heaters, laundry washer/dryer hookups, 3-car Mesa garage doors, new electrical panels for house & garage. Note, plumbing on each unit have separate copper lines (making it very easy to put separate meters on each unit). Private parking for 12 cars (3 garage, 8 in driveway, 1 carport). TV & 16 camera security system wiring throughout. LOCATION is near USC, the Coliseum, Expo Park, Science Center, Natural History Museum, the Banc of Ca Stadium (home to the LAFC) as well as the $1 Billion George Lucas Museum of Narrative Art and much more. Previously rented to students at $1,000 per room. Front house is owner occupied and rear units have tenants (1 month to month and the other lease expires in 2021). Please do not Disturb the tenants & do not walk the property.
    Exterior Features

    Architectural Style ContemporaryCraftsmanMid Century ModernSpanish Carport Spaces 1.00 Construction Materials Drywall Walls Exterior Features Rain Gutters Fence YN Yes Fencing Wrought Iron Foundation Details Raised Garage Spaces 3.00 Lot Features Back YardCorner LotFront YardLot 6500-9999Rectangular LotNear Public TransitPatio HomePaved Lot Size Source Assessor Lot Size Units Square Feet Other Structures Second Garage AttachedStorage Parking Total 12.00 Pool Features None Pool Private YN No Property Attached YN No Roof ClayShingle Uncovered Spaces 8.00 View City LightsNeighborhood View YN Yes

    Interior Features

    Appliances Energy Star Qualified Water HeaterGas Water HeaterIce MakerMicrowaveWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminateWood Heating CentralWall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Granite CountersOpen FloorplanPantryPartially FurnishedRecessed LightingTandemWired For DataWired For Sound Laundry Features Individual RoomInside Room Type AtticKitchenLaundryLiving RoomMain Floor BedroomTwo Masters

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cable Tv Expense 0.00 Cap Rate 7.48 Community Features BikingSidewalksUrban Country Us Electric Expense 1200.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Garage Rental Rate 0.00 Gardener Expense 600.00 Gross Income 117300.00 Gross Multiplier 11.53 Gross Operating Income 111435.00 Gross Scheduled Income 117300.00 Gross Spendable Income 111435.00 Improvements Amount 119000 Improvements Percent 8.49 Insurance Expense 420.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 0.00 Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 0.00 Maintenance Percent 0.00 Net Operating Income 95805.00 New Construction YN No New Taxes Expense 12120.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 3 Number With Drapes 0 Number With Patio 0 Number With Range 3 Number With Refrigerator 3 Operating Expense 15630.00 Operating Expense Percent 7.13 Other Expense 0.00 Other Expense Description 0 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Property Condition TurnkeyUpdated/Remodeled Rent Control YN Yes Security Expense 0.00 Security Features Automatic GateFire And Smoke Detection SystemSmoke Detector(S)Wired For Alarm System Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0.00 Tenant Pays ElectricityWater Total Actual Rent 111435.00 Total Expenses 16590.00 Trash Expense 1125.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 5865 Vacancy Allowance Rate 5.00 Water Sewer Expense 1125.00 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Assessor Zoning Lar1

    Listing provided courtesy of Mark Velasco of Sharpstone Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-23T07:28:44.92. 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 Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003