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1952 W 39Th Street

Los Angeles (City), CA 90062
  • $1,395,000
  • STATUS: Pending
  • ON SITE: 33 Days
  • ID#: 21102119
Pending
$1,395,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent: Charles Henderson of Bhrg


Description

Beautiful 6-unit bungalow property on a great street. Three side-by-side duplexes. Four of the units are 1BR + den, the other 2 are 1BR. All units have some outdoor space. Low expense property where tenants pay gas, electric and trash. Individual water heaters. Great in-place cash flow with lots of upside as well. Going-in cap rate of 4.50% allows for good leverage on the purchase. Market cap rate of 7.66%. The Units of 1952 and 1954 has Gated front yards. 3912 Unit has a gated side and small backyard. The other units share a common side yard area. Most tenants use the Den as a second bedroom. Tenants do not know the building is for sale, Please do not contact any tenants - Tenant interview is only upon accepted offer.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T00:26:55.663. 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 | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123035410
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1952 W 39Th Street Los Angeles (City), CA 90062

  • Price: $1,395,000
  • Status: Pending
  • On Site: 33 Days
  • ID#: 21102119
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1923
Built
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
Property Description
Beautiful 6-unit bungalow property on a great street. Three side-by-side duplexes. Four of the units are 1BR + den, the other 2 are 1BR. All units have some outdoor space. Low expense property where tenants pay gas, electric and trash. Individual water heaters. Great in-place cash flow with lots of upside as well. Going-in cap rate of 4.50% allows for good leverage on the purchase. Market cap rate of 7.66%. The Units of 1952 and 1954 has Gated front yards. 3912 Unit has a gated side and small backyard. The other units share a common side yard area. Most tenants use the Den as a second bedroom. Tenants do not know the building is for sale, Please do not contact any tenants - Tenant interview is only upon accepted offer.
Exterior Features

Construction Materials Frame Direction Faces West Lot Features Back YardFront YardLandscaped Parking Features None Parking Total 0 Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Accessibility Features None Appliances Gas Oven Cooling None Cooling YN No Fireplace Features DenGasKitchenLiving Room Fireplace YN Yes Flooring Laminate Interior Features Ceiling Fan(S)

Property Features

Additional Parcels YN No Association Fee 0 Buyer Financing Cash Gross Income 97368 Land Lease YN No Laundry Features None Levels One Listing Agreement Seller Reserved Listing Service Full Service Listing Terms Cash Net Operating Income 62787 New Construction YN No Property Condition Updated/Remodeled Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S)Window Bars Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Gas Total Actual Rent 97368 Vacancy Allowance Rate 0 Zoning Lar1



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T00:26:55.663. 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 | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Charles Henderson of Bhrg