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Shawn Luong
Mobile Phone:
626-643-7090
reoagent@shawnluong.com

DRE# 00857818
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Shawn Luong
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Mobile Phone:
626-643-7090
reoagent@
shawnluong.com

DRE# 00857818
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1739 W 23rd Street,  Los Angeles CA, 90018 (Residential Income)

372,500 sqft
Status: Active
MLS#: CV19027795
1of
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Last Updated: 4/19/2019 10:19 AM
Description for 1739 W 23rd Street Los Angeles, CA 90018
Great opportunity to acquire a 5-unit investment property located 1.5 walking-mile to USC right in the historic West Adams district with a 6% cap rate at current market rents. The 6749 sf lot is zoned LARD2 with 2 buildings - one built in the early 1900s and one built in the 1960s. The front building comprises of two 3-bedroom 1-bath units with the downstairs 3-bedroom completely renovated at the end of 2016. All 3 of the 1-bedroom units in the rear building have been recently updated and renovated with new kitchen cabinets and countertops and laminate wood and tile floor. The property offers better than 1-to-1 parking with a 2-car garage, 2 open space in front, 4 tandem parking for the two 3-bedroom units and 2 open space parking for the 1-bedroom units in the back. The 2-car garage can bring additional income as a garage rental, as it is currently used as a storage area by the ownership. All units are on separate electric and gas meters. DRIVE BY ONLY. Please do not disturb occupants.
Price
$1,223,000
Los Angeles
372,500 (approx)
CV19027795
Active
Description
Great opportunity to acquire a 5-unit investment property located 1.5 walking-mile to USC right in the historic West Adams district with a 6% cap rate at current market rents. The 6749 sf lot is zoned LARD2 with 2 buildings - one built in the early 1900s and one built in the 1960s. The front building comprises of two 3-bedroom 1-bath units with the downstairs 3-bedroom completely renovated at the end of 2016. All 3 of the 1-bedroom units in the rear building have been recently updated and renovated with new kitchen cabinets and countertops and laminate wood and tile floor. The property offers better than 1-to-1 parking with a 2-car garage, 2 open space in front, 4 tandem parking for the two 3-bedroom units and 2 open space parking for the 1-bedroom units in the back. The 2-car garage can bring additional income as a garage rental, as it is currently used as a storage area by the ownership. All units are on separate electric and gas meters. DRIVE BY ONLY. Please do not disturb occupants.
Listing Information
Property Type: Cluster, Ranch, Craftsman, 2 Story
0.15 Acres 6,749 sq.ft. 372,500 (approx)
$328.32 1962
Yes- 2 spaces 2
Frame, Stucco
Pillars/Post
Gas Water Heater
5 Total
Neighborhood
Room Information
Gas Dryer Hookup
Counter Top - Formica
Interior Features
Gas Range/Cooktop
Part Copper Plumbing
Window Bars,
Granite Counter Top, Window Blinds
Exterior / Lot Features
2 Garage Spaces, 10 Parking Spaces, Assigned Parking Space, Driveway, Garage, On Site, RV parking
Stucco, Frame
Composition, Bituthene
None
No Pool
50 X 157
LARD2
Sidewalks, Courtyard, Curbs Walk, Urban
Driving Directions
East of Normandie, North of Adams
Financial Considerations
5058026013
$97,239 Income ,$23,839Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90018 has a population of 3,971,883.

The median household income in Los Angeles, California 90018 is $49,682. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Los Angeles 90018 is 34.6 years.

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Courtesy: SHAWN LUONG - CENTURY 21 MASTERS
Licensed in: DRE# 00857818
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