5423 2ND Avenue

    Los Angeles (City), CA 90043
    • $725,000
    • STATUS: Active
    • ON SITE: 70 days
    • ID#: 17296712
    UPDATED: 154 min ago
    $725,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,534
      SQFT
    • $286
      $/SQFT
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    We are excited to present this excellent investment opportunity in the Park Mesa Heights area of Los Angeles. This complex consists of three buildings with all one bedroom - one bathroom units. The property is located just south of the Baldwins Hills Shopping Center which is undergoing a massive renovation and north of the $3 Billion Ram Stadium redevelopment project in Inglewood. The property is currently producing $4,581 per month with approximately 30% upside potential in the rents. It is located directly across the street from Van Ness park and is in close proximity to public transportation. The GRM is 13.1 with a CAP rate of 5.17. Please do not disturb or speak to tenants and please do not walk onto the property. All offers to be made subject to inspection.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. 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/79431197

    5423 2ND Avenue Los Angeles (City), CA 90043

    • Price: $725,000
    • Status: Active
    • Updated: 154 min ago
    • ID#: 17296712
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,534
    SQFT
    $286
    $/SQFT
    1923
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    We are excited to present this excellent investment opportunity in the Park Mesa Heights area of Los Angeles. This complex consists of three buildings with all one bedroom - one bathroom units. The property is located just south of the Baldwins Hills Shopping Center which is undergoing a massive renovation and north of the $3 Billion Ram Stadium redevelopment project in Inglewood. The property is currently producing $4,581 per month with approximately 30% upside potential in the rents. It is located directly across the street from Van Ness park and is in close proximity to public transportation. The GRM is 13.1 with a CAP rate of 5.17. Please do not disturb or speak to tenants and please do not walk onto the property. All offers to be made subject to inspection.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Appliances None Appliances YN No Cooling None Cooling YN No Laundry Features None

    Property Features

    Cap Rate 5.17 Gross Multiplier 13.19 Gross Operating Income 54972.00 Improvements Amount 111218 Land Value 133463 Laundry YN No Net Operating Income 37510.00 Special Listing Conditions Standard Total Expenses 17462.00 Zoning Lard1.5

    Listing provided courtesy of Jerome Mcalpin of Mcalpin & Company.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T00:28:07.193. 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