4409 Tourmaline Street

    Los Angeles (City), CA 90032
    • $715,000
    • STATUS: Closed
    • ON SITE: 118 days
    • ID#: 19445538
    Sold - 05/18/2019
    $715,000
    SOLD - 05/18/2019
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,564
      SQFT
    • $457
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    Description

    Come see this dream scenario duplex: a great income opportunity with both units delivered vacant. The front unit has been recently renovated with new appliances included, and is move in ready or can be rented out at market rate. The rear unit with private backyard is a blank canvas recently updated with a fresh coat of paint in living room and kitchen, and ready for a remodel to add-value and add your own personal touch to the property. Blueprints for the remodel of the second unit have been drafted and are available at buyer's request. Located in the vibrant Northeast Los Angeles Montecito Heights neighborhood, just minutes from hip Highland Park, South Pasadena, the renowned USC Keck School of Medicine, Cal State L.A., Forever 21 Corporate HQ, and just North of the Arts District, Chinatown, and DTLA. Situated on a palm tree lined hillside on a quiet cul-de-sac street, this Tourmaline duplex has charm.

    Sold by Melanie Guillen of Angel City Real Estate.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-19T13:37:31.43. 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. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/92969578

    4409 Tourmaline Street Los Angeles (City), CA 90032

    • Price: $715,000
    • Status: Closed
    • Updated: 26 min ago
    • ID#: 19445538
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,564
    SQFT
    $457
    $/SQFT
    1967
    Built
    Neighborhood:
    679 - Montecito Heights
    County:
    Los Angeles
    Area:
    679 - Montecito Heights
    Property Description
    Come see this dream scenario duplex: a great income opportunity with both units delivered vacant. The front unit has been recently renovated with new appliances included, and is move in ready or can be rented out at market rate. The rear unit with private backyard is a blank canvas recently updated with a fresh coat of paint in living room and kitchen, and ready for a remodel to add-value and add your own personal touch to the property. Blueprints for the remodel of the second unit have been drafted and are available at buyer's request. Located in the vibrant Northeast Los Angeles Montecito Heights neighborhood, just minutes from hip Highland Park, South Pasadena, the renowned USC Keck School of Medicine, Cal State L.A., Forever 21 Corporate HQ, and just North of the Arts District, Chinatown, and DTLA. Situated on a palm tree lined hillside on a quiet cul-de-sac street, this Tourmaline duplex has charm.
    Exterior Features

    Garage Spaces 3.00 Lot Features Cul-De-Sac Lot Size Units Square Feet Parking Features Garage Door OpenerDrivewayGarage - Three DoorGarage Parking Total 3.00 Parking YN Yes View CanyonHills View YN Yes

    Interior Features

    Appliances RefrigeratorDishwasher Appliances YN Yes Cooling Wall/Window Unit(S)See Remarks Cooling YN Yes Laundry Features Washer IncludedDryer Included

    Property Features

    Gross Multiplier 13.50 Gross Operating Income 52800.00 Improvements Amount 122400 Land Value 306000 Laundry YN Yes Net Operating Income 31370.00 Property Condition Building PermitAdditions/Alterations Special Listing Conditions Standard Total Expenses 19846.00 Vacancy Allowance Rate 3.00 Zoning Lar1

    Listing provided courtesy of Adam Peterson of Cb Richard Ellis, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-19T13:37:31.43. 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. Licensed in the State of California, USA.
     
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