5256-5258 Oakland Street

    Los Angeles (City), CA 90032
    • $1,810,000
    • STATUS: Closed
    • ON SITE: 138 days
    • ID#: DW19051708
    Sold - 07/16/2019
    $1,810,000
    SOLD - 07/16/2019
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,263
      SQFT
    • $344
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    Brand New Four (4) Unit Construction built in 2019 +GG NO Rent Control. Very attractive, newly constructed 4 units on a lot. Two detached two-story buildings with two units in each building. One unit is on top and one on the bottom. This prime location is less than a 1 mile from South Pasadena and Alhambra. All units are individually metered for all utilities and will be delivered with all appliances consisting of in-unit laundry washer and dryer, refrigerator, dishwasher, stove and microwave hood. These units are extremely energy efficient and can be marketed as such and include outdoor 240 volt outlets for electric vehicle charging. All units include Nest thermostats, LED lighting, a rain water capture system and energy efficient appliances. This property comes with remote access gate, dog walk area, and potential BBQ area. The property is located on a quaint cul-de-sac, and walking distance to an elementary school and a public library. The "walk score" for this location is 70 - which means that most errands can be accomplished by walking. Public transportation is also available within 2 blocks. This will be an extremely low maintenance building for years.

    Sold by Michael Rachlis of Figure 8 Realty.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-24T00:32:05.99. 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/92477398

    5256-5258 Oakland Street Los Angeles (City), CA 90032

    • Price: $1,900,000
    • Status: Closed
    • Updated: 30 min ago
    • ID#: DW19051708
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,263
    SQFT
    $344
    $/SQFT
    2019
    Built
    Neighborhood:
    676 - Monterey Hills
    County:
    Los Angeles
    Area:
    676 - Monterey Hills
    Property Description
    Brand New Four (4) Unit Construction built in 2019 +GG NO Rent Control. Very attractive, newly constructed 4 units on a lot. Two detached two-story buildings with two units in each building. One unit is on top and one on the bottom. This prime location is less than a 1 mile from South Pasadena and Alhambra. All units are individually metered for all utilities and will be delivered with all appliances consisting of in-unit laundry washer and dryer, refrigerator, dishwasher, stove and microwave hood. These units are extremely energy efficient and can be marketed as such and include outdoor 240 volt outlets for electric vehicle charging. All units include Nest thermostats, LED lighting, a rain water capture system and energy efficient appliances. This property comes with remote access gate, dog walk area, and potential BBQ area. The property is located on a quaint cul-de-sac, and walking distance to an elementary school and a public library. The "walk score" for this location is 70 - which means that most errands can be accomplished by walking. Public transportation is also available within 2 blocks. This will be an extremely low maintenance building for years.
    Exterior Features

    Carport Spaces 0.00 Foundation Details Raised Garage Spaces 4.00 Lot Features Lot 6500-9999Sprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedAuto Driveway Gate Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    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 Central Air Cooling YN Yes Flooring LaminateTile Heating Central Heating YN Yes Laundry Features Inside Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.70 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Green Energy Efficient Thermostat Gross Income 139200.00 Gross Multiplier 13.60 Gross Scheduled Income 139200.00 Insurance Expense 1600.00 Land Lease YN No Laundry YN Yes Maintenance Expense 800.00 Net Operating Income 108491.00 New Construction YN Yes New Taxes Expense 23437.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Number Of Units Leased 4 Number With Dishwasher 4 Number With Disposal 4 Number With Range 4 Number With Refrigerator 4 Operating Expense 25837.00 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 11600.00 Total Expenses 25837.00 Trash Expense 0.00 Vacancy Allowance 4872 Vacancy Allowance Rate 3.50 Water Sewer Expense 0.00 Water Source Public Year Built Source Builder Zoning Lard1.5

    Listing provided courtesy of Alex Valenzuela of Keller Williams Realty Downey


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-24T00:32:05.99. 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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    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003