2344 Gail Street
Los Angeles, CA 90031
MLS #17225408

Income
  • 2units
  • 1,784sq ft
$785,000
Est. P&I payment: $2998.17/mo
2344 Gail Street, Los Angeles, CA 90031
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Description for 2344 Gail Street, Los Angeles, CA 90031
A great location and great opportunity to purchase a fixer duplex with two homes on a lot (all units will be vacant at close of escrow) with two additional bonus rooms in the heart of Elysian Valley also known as Frog Town. The spanish style front home consist of a 2 bedroom, 1 bathroom, a fireplace, washer/dryer area, breakfast nook and formal dining room. The back home which is a craftsman was believed to be the original structure of the property which consist of a 1 bedroom, 1 bathroom and laundry room. The two additional structures of the property is currently being used as an in-law/ studio with loft & bathroom and also a sound/ art studio that is a separate structure. A Blank Canvas to add your personal touches! Two Gas & Electric meters with two separate addresses. Steps to art galleries, restaurants and stores.
MLS #17225408
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My Notes for MLS #17225408

General Features

  • Number Of Buildings: 4
  • Number Of Units Total: 2
  • Year Built: 1924
  • Zoning: LAR1
  • Improvements Amount: 10,413
  • Land Value: 22,755

Exterior Features

  • Lot Size SqFt: 4,848
  • Lot Size Units: Square Feet
  • Parking YN: 1
  • Parking Features: Driveway

Utility Features

  • Cooling YN: 1
  • Cooling: See Remarks
  • Laundry YN: 1
  • Laundry Features: See Remarks

Financial Features

  • CapRate: 8
  • Net Operating Income: 67,000
  • Price Per SqFt: 440.02
  • Total Expenses: 16,800
  • Gross Multiplier: 9
  • Gross Operating Income: 84,000

Miscellaneous Features

  • Building Area Total: 1,784
  • Days On Market: 184
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 184

Location

 
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Directions to 2344 Gail Street, Los Angeles, CA 90031
South of Fletcher Drive on Riverside Drive
Listing information for 2344 Gail Street, Los Angeles, CA 90031 was graciously provided by our friends at the listing brokerage, Nelson Shelton Real Estate Era and by listing agent Tantiado Dante Peter DRE# 01355998

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P&I Payment $2998.17
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/21/2018 at 6:08am
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