1628 S Van Ness Avenue
Los Angeles, CA 90019
MLS #SB17033299

Income
  • 3units
  • 3,036sq ft
$1,150,000
Est. P&I payment: $4392.22/mo
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Description for 1628 S Van Ness Avenue, Los Angeles, CA 90019
Wonderful Income Property in Mid Los Angeles area. All units are now 100% occupied starting June 2017! All rents have been raised to current market value and now has a Cap Rate of 5.5% and GRM at 13.9! This Craftsman Duplex is in a quiet rental area of Los Angeles. Currently utilized and producing income as a three unit. Rear Building was built with Permits in 2001 and is a 2 bedroom 2 bath collecting $1900 monthly. The Front unit is currently configured as separate units with separate entry stairway in rear to a 3 bedroom 2 bath upstairs. Another 3 bedrooms 2 bath is downstairs with an entrance from the front. One of the three bedrooms is renting at $2,400 and the other 3 bed unit is renting for $2,300. Ample parking space for all tenants in the huge Backyard and in front as well. Centrally located to DTLA, Koreatown, Miracle Mile.
MLS #SB17033299
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My Notes for MLS #SB17033299

General Features

  • Number Of Buildings: 2
  • Number Of Units Total: 3
  • Year Built: 1910
  • Year Built Source: Assessor
  • Zoning: LAR2
  • Elevation Units: Feet

Exterior Features

  • Stories Total: 2
  • Lot Features: Lot 6500-9999
  • Lot Size SqFt: 7,001
  • Lot Size Units: Square Feet
  • Pool Features: None
  • Common Walls: No Common Walls

Interior Features

  • Levels: Two
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area: 1,000
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area: 1,043
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Water Source: Public
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Financial Features

  • CapRate: 5.5
  • Electric Expense: 900
  • Gross Scheduled Income: 78,600
  • Insurance Expense: 1,000
  • Net Operating Income: 61,316
  • Operating Expense: 17,284
  • Price Per SqFt: 378.79
  • Total Expenses: 17,284
  • Trash Expense: 600
  • Water Sewer Expense: 600
  • Tax Lot: 39
  • Fuel Expense: 900
  • Gross Multiplier: 13.9
  • New Taxes Expense: 13,284
  • Rent Control YN: 1
  • Total Actual Rent: 6,550

Community Features

  • Community Features: Curbs,​Sidewalks,​Street Lighting

Miscellaneous Features

  • Building Area Total: 3,036
  • Building Area Units: Square Feet
  • Days On Market: 309
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 589
  • Tax Census Tract: 2,213.02

Location

 
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Directions to 1628 S Van Ness Avenue, Los Angeles, CA 90019
Venice S/ Van Ness
Listing information for 1628 S Van Ness Avenue, Los Angeles, CA 90019 was graciously provided by our friends at the listing brokerage, Keller Williams Realty and by listing agent Cazares Simon DRE# 01227703 and Liu Victor DRE# 01454468

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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 01/17/2018 at 8:09pm
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