4451 Towne Avenue

    Los Angeles (City), CA 90011
    • $899,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: AR20056930
    UPDATED: 21 min ago
    $899,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,672
      SQFT
    • $245
      $/SQFT
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    Rare find! Huge property! Huge lot! 2 structures (House and triplex) This 4 unit compound consist of a 1,200 Sq.Ft. stand alone craftsman Single Family home in the front with 3 bedrooms & 2 baths. It has recent upgrades such as windows, tile floors, cabinets, granite kitchen counter and roof. Plus an additional 2-story triplex at the rear built in 1963, all with large 2 bedrooms & 1 bath each. Triplex also has new windows. All units have newer copper plumbing and drains. There is also a storage room onsite for you to install laundry in the future, or rent out to the tenants for additional income. Currently the landlord stores a few things in there. This property is perfect for the owner to live in the front and collect rent from the back. Or rent out all 4 for a solid monthly income of $4,544. Huge upside in rents for the savvy investor. Less than 2 miles from USC and Los Angeles Memorial Coliseum This investment will only grow into the future as Downtown L.A. continues to develop and expand. The triplex has 3 carports tucked under the building in the back: 1 parking space per unit. Between the two structures is 2 tandem parking for the front house. Front house also has a California basement which is good for additional storage. All 4 units are individually metered for gas and electric. Property has wrought iron fence/gates. ACT NOW before it's gone!

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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/104178625

    4451 Towne Avenue Los Angeles (City), CA 90011

    • Price: $899,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: AR20056930
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    3,672
    SQFT
    $245
    $/SQFT
    1908
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Rare find! Huge property! Huge lot! 2 structures (House and triplex) This 4 unit compound consist of a 1,200 Sq.Ft. stand alone craftsman Single Family home in the front with 3 bedrooms & 2 baths. It has recent upgrades such as windows, tile floors, cabinets, granite kitchen counter and roof. Plus an additional 2-story triplex at the rear built in 1963, all with large 2 bedrooms & 1 bath each. Triplex also has new windows. All units have newer copper plumbing and drains. There is also a storage room onsite for you to install laundry in the future, or rent out to the tenants for additional income. Currently the landlord stores a few things in there. This property is perfect for the owner to live in the front and collect rent from the back. Or rent out all 4 for a solid monthly income of $4,544. Huge upside in rents for the savvy investor. Less than 2 miles from USC and Los Angeles Memorial Coliseum This investment will only grow into the future as Downtown L.A. continues to develop and expand. The triplex has 3 carports tucked under the building in the back: 1 parking space per unit. Between the two structures is 2 tandem parking for the front house. Front house also has a California basement which is good for additional storage. All 4 units are individually metered for gas and electric. Property has wrought iron fence/gates. ACT NOW before it's gone!
    Exterior Features

    Garage Spaces 0.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    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 1 Common Wall Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 37728.00 Gross Scheduled Income 54528.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 37728.00 New Construction YN No New Taxes Expense 11237.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 1400.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 4543.99 Total Expenses 23237.00 Trash Expense 600.00 Water Sewer Expense 10200.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Lee Markus Alli of Exquisite Estates


    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.

     
    RE/MAX Empire Properties
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    Hemet CA, 92545