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4309 Crocker Street

Los Angeles (City), CA 90011
  • $795,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: SB21241236
$795,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1907
County:

School Ratings & Info

Listing Agent: William Mulkey of Tr Wealth Management Inc.


Description

GREAT PRICE REAL SELLERS!!! $210 a foot & $159,000 per unit!! Upside in rents! Large 1320 sq ft Classic Craftsman WHICH ADDRESS IS 282 E. 43RD sT., 1907 blt per assessors records 2 bed SFR + DEN (perhaps a 3rd bedroom) & newer detached 2 story, 2460sq ft 4plex 4 1beds in good shape on 40x128 corner lot. The property 4 unit & home appear to be on 1 parcel which assessors show 3780 total bldg sq ft. along with separate gas & electric meters. The 4 unit building had a full copper re-pipe in 2015 and all main lines in that building too in copper, plus owner relaced 2 water heaters since 2015 purchase. Quiet street, 1 block from Lindsay Park. Easy-rent area 1 mile from Coliseum & USC. All units are in pretty good condition with no city violations. Passed recent Inspection with City of LA. Add Value deal to work with tenants on the rent & improvement's. Street Parking & all units have their own 40 gallon water heater. Rents are 70%-100% below market. Lowest price 5 units at $159,000 cos per unit & $210 a foot with upside! Property is under LA City Rent Control. All tenants have paid rent with no late rent due to Covid. Rents are $573, $565, $1,200, $551, & $988, Total is $3,861 a month. With market rents the the property could be a huge cash flow deal. *Best & Final Offers Due 11/17/2021 4:00 pm.*

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. 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/123017400
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4309 Crocker Street Los Angeles (City), CA 90011

  • Price: $795,000
  • Status: Active
  • On Site: 30 Days
  • ID#: SB21241236
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1907
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
GREAT PRICE REAL SELLERS!!! $210 a foot & $159,000 per unit!! Upside in rents! Large 1320 sq ft Classic Craftsman WHICH ADDRESS IS 282 E. 43RD sT., 1907 blt per assessors records 2 bed SFR + DEN (perhaps a 3rd bedroom) & newer detached 2 story, 2460sq ft 4plex 4 1beds in good shape on 40x128 corner lot. The property 4 unit & home appear to be on 1 parcel which assessors show 3780 total bldg sq ft. along with separate gas & electric meters. The 4 unit building had a full copper re-pipe in 2015 and all main lines in that building too in copper, plus owner relaced 2 water heaters since 2015 purchase. Quiet street, 1 block from Lindsay Park. Easy-rent area 1 mile from Coliseum & USC. All units are in pretty good condition with no city violations. Passed recent Inspection with City of LA. Add Value deal to work with tenants on the rent & improvement's. Street Parking & all units have their own 40 gallon water heater. Rents are 70%-100% below market. Lowest price 5 units at $159,000 cos per unit & $210 a foot with upside! Property is under LA City Rent Control. All tenants have paid rent with no late rent due to Covid. Rents are $573, $565, $1,200, $551, & $988, Total is $3,861 a month. With market rents the the property could be a huge cash flow deal. *Best & Final Offers Due 11/17/2021 4:00 pm.*
Exterior Features

Architectural Style Craftsman Carport Spaces 0 Construction Materials ClapboardPlaster Fencing Chain Link Foundation Details Raised Lot Features 0-1 Unit/AcreFront Yard Number Of Separate Electric Meters 5 Open Parking Spaces 0 Parking Features None Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof FlatRolled/Hot MopTar/Gravel Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 2+ Common Walls Heating Natural GasWall Furnace Heating YN Yes Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.4 Common Interest Community Apartment Community Features Urban Contingency No Showings Without Proof Of FundsLoan Pre-Approval And Offer Accepted. Drive By Only & Do Not Disturb Tenants. Seller Has A 1031 Sale Contingency. Disclosures Rent Control Electric Standard Garage YN No Gross Income 3861 Gross Scheduled Income 46332 Insurance Expense 1465 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Maintenance Expense 1852 Net Operating Income 27427 New Construction YN No New Taxes Expense 9938 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 2 Number Of Units Leased 5 Operating Expense 18728 Pest Control Expense 240 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S)Window Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3861 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 2226 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. 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: William Mulkey of Tr Wealth Management Inc.