5407 2ND Avenue

    Los Angeles (City), CA 90043
    • $1,200,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 20577152
    UPDATED: 69 min ago
    $1,200,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Amazing price per sqft. Huge four (4) unit building in Economic Opportunity Zone (EOZ). Each unit is spacious 2BD/2BA and over 1175 sqft each. Near 54th St. and soon-to-be-finished Crenshaw Line. 4704 sqft on large 6152 sqft lot. Plumbing redone in 2019. Newer electrical, newer meters. 1 unit VACANT completely remodeled in 2019 while 2 other units have been redone by prior owner. All bathrooms have new bathtubs and tile floors. Entire building remodeled to city code in 2001. Parking in back (enter thru alley) plus four (1) one car detached garages, which were repaired in 2019 and rent for $150/month. Remodeled unit delivered vacant. All others on month to month with rent increase due 8/1/2020. Conveniently located close to new Crenshaw Line and Inglewood Football Stadium. This property has great upside for major profit over next 3-5 years. Could be great for FHA owner occupant FHA. Or Economic Opportunity Zone redevelopment. A high quality property at a steal of a price!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T21:25:35.567. 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/105759762

    5407 2ND Avenue Los Angeles (City), CA 90043

    • Price: $1,200,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 20577152
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1922
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    Amazing price per sqft. Huge four (4) unit building in Economic Opportunity Zone (EOZ). Each unit is spacious 2BD/2BA and over 1175 sqft each. Near 54th St. and soon-to-be-finished Crenshaw Line. 4704 sqft on large 6152 sqft lot. Plumbing redone in 2019. Newer electrical, newer meters. 1 unit VACANT completely remodeled in 2019 while 2 other units have been redone by prior owner. All bathrooms have new bathtubs and tile floors. Entire building remodeled to city code in 2001. Parking in back (enter thru alley) plus four (1) one car detached garages, which were repaired in 2019 and rent for $150/month. Remodeled unit delivered vacant. All others on month to month with rent increase due 8/1/2020. Conveniently located close to new Crenshaw Line and Inglewood Football Stadium. This property has great upside for major profit over next 3-5 years. Could be great for FHA owner occupant FHA. Or Economic Opportunity Zone redevelopment. A high quality property at a steal of a price!
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking Space Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 65666.00 Gross Multiplier 18.27 Gross Operating Income 65666.00 Net Operating Income 47031.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 18635.00 Zoning Lard1.5

    Listing provided courtesy of Andrew Watkins of Keller Williams Silicon Beach


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T21:25:35.567. 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