4311 Morgan Avenue

    Los Angeles (City), CA 90011
    • $774,800
    • STATUS: Active Under Contract
    • ON SITE: 16 days
    • ID#: PW20093472
    Under Contract
    UPDATED: 59 min ago
    $774,800
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,808
      SQFT
    • $276
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Ratings & Info

    Description

    This is a bread and butter investment opportunity. The units were built in 1990 and have been well maintained since ever since. The building was recently re-roofed, trim painted, has copper piping, 150 amp panel and wrought iron fencing front and rear. One unit was recently completely remodel with fresh paint, remodeled bath, vinyl laminate wood-like flooring, new kitchen cabinets and granite counter tops. The property is made up of three units each comprised of 3 bedrooms and 1 bath. Two units currently occupied and the third unit has a contractible tenant at the Pro Forma rent. The property being built in 1990 is NOT under Los Angeles rent control.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-02T19:29:41.223. 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 RE/MAX Empire Properties. Licensed in the State of California, USA.

    www.inlandempiresold.com/homes/105941473

    4311 Morgan Avenue Los Angeles (City), CA 90011

    • Price: $774,800
    • Status: Active Under Contract
    • Updated: 59 min ago
    • ID#: PW20093472
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,808
    SQFT
    $276
    $/SQFT
    1990
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    This is a bread and butter investment opportunity. The units were built in 1990 and have been well maintained since ever since. The building was recently re-roofed, trim painted, has copper piping, 150 amp panel and wrought iron fencing front and rear. One unit was recently completely remodel with fresh paint, remodeled bath, vinyl laminate wood-like flooring, new kitchen cabinets and granite counter tops. The property is made up of three units each comprised of 3 bedrooms and 1 bath. Two units currently occupied and the third unit has a contractible tenant at the Pro Forma rent. The property being built in 1990 is NOT under Los Angeles rent control.
    Exterior Features

    Architectural Style Traditional Construction Materials AsphaltDrywall Walls Exterior Features Lighting Fence YN Yes Fencing WoodWrought Iron Foundation Details Slab Garage Spaces 0.00 Lot Features Front YardYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features DrivewayPavedOff Street Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof AsphaltShingle Spa Features None Spa 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 936 Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminateTile Heating Wall Furnace Heating YN Yes Interior Features Granite Counters Laundry Features Individual Room Levels Two Room Type KitchenLaundry

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksUrban Country Us Elevation Units Feet Gross Income 69600.00 Gross Scheduled Income 69600.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 65700.00 New Construction YN No New Taxes Expense 3750.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 3900.00 Property Condition TurnkeyUpdated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 5800.00 Total Expenses 7650.00 Trash Expense 1200.00 Utilities Sewer Connected Water Sewer Expense 1200.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Geoffrey Tackney of Gmt Real Estate and Jennifer Tackney of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-02T19:29:41.223. 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 RE/MAX Empire Properties. Licensed in the State of California, USA.

     
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