1188 Keniston Avenue

    Los Angeles (City), CA 90019
    • $1,965,000
    • STATUS: Active
    • ON SITE: 23 days
    • ID#: 18308844
    Price Reduced
    UPDATED: 49 min ago
    $1,965,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,240
      SQFT
    • $606
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Gated Fantastic Four-Plex in Coveted Miracle Mile Location. This turn-key 4plex has just gone through extensive renovations with new paint, new landscaping, new driveway. Charming Spanish property consisting of 2 side-by-side duplexes and 4 car garage situated on 10,650 SF corner lot. Two of the four 1 bd/1ba units have been remodeled with new kitchen, bathrooms, appliances, quartz countertops and HVAC. One remodeled unit is rented for $2700 as of Feb 1, second remodeled unit can be delivered empty OR leased. Current cap with 2 market rents and 2 existing leases is 4% with projected cap of 5% Each unit features 1 bed + 1 bath with laundry in every unit. Two units are approx 857 sf each and the other two are approx 763 sf each. Each unit can have private outdoor space and parking. Perfect 1031 investment property. Don't miss this trophy Income Property. Please do not disturb occupants.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T12:27:03.557. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/80404583

    1188 Keniston Avenue Los Angeles (City), CA 90019

    • Price: $1,965,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: 18308844
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    3,240
    SQFT
    $606
    $/SQFT
    1923
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    Gated Fantastic Four-Plex in Coveted Miracle Mile Location. This turn-key 4plex has just gone through extensive renovations with new paint, new landscaping, new driveway. Charming Spanish property consisting of 2 side-by-side duplexes and 4 car garage situated on 10,650 SF corner lot. Two of the four 1 bd/1ba units have been remodeled with new kitchen, bathrooms, appliances, quartz countertops and HVAC. One remodeled unit is rented for $2700 as of Feb 1, second remodeled unit can be delivered empty OR leased. Current cap with 2 market rents and 2 existing leases is 4% with projected cap of 5% Each unit features 1 bed + 1 bath with laundry in every unit. Two units are approx 857 sf each and the other two are approx 763 sf each. Each unit can have private outdoor space and parking. Perfect 1031 investment property. Don't miss this trophy Income Property. Please do not disturb occupants.
    Exterior Features

    Construction Materials Stucco Lot Features Sprinklers None Lot Size Units Square Feet

    Interior Features

    Appliances Garbage DisposalFreezerDishwasher Appliances YN Yes Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 5.00 Gross Multiplier 15.23 Gross Operating Income 129600.00 Improvements Amount 34618 Land Value 52789 Laundry YN Yes Net Operating Income 94736.00 Special Listing Conditions Standard Total Expenses 34683.00 Zoning Lar2

    Listing provided courtesy of Skyler Hynes of Coldwell Banker Residential Br.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T12:27:03.557. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003