1129 N Rowan Avenue

    City Terrace, CA 90063
    • $700,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: SB18164119
    UPDATED: 44 min ago
    $700,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,120
      SQFT
    • $330
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Prime City Terrace Location, South of 10 Freeway and minutes from Downtown and California State University of Los Angeles. The Rowan Apartments is located in the unincorporated section of Los Angeles, just East of downtown Los Angeles and just blocks from the 5, 10, 60, 101 and 710 Freeways.This Non-Rent Controlled property consist of four 1 Bed/1 Bath units (two converted units) with 2,120 of rentable square feet of living space, and a large lot size of 4,505 square feet. The current property rents are significantly below market, creating a repositioning opportunity to generate strong cash flows and investment yields. The property is individually metered for electric and gas with the current owner paying the utilities. There+GGs a garage on-site with tenants utilizing street parking.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T21:28:00.643. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85423742

    1129 N Rowan Avenue City Terrace, CA 90063

    • Price: $700,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: SB18164119
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2,120
    SQFT
    $330
    $/SQFT
    1929
    Built
    Neighborhood:
    CTER - City Terrace
    County:
    Los Angeles
    Area:
    CTER - City Terrace
    Property Description
    Prime City Terrace Location, South of 10 Freeway and minutes from Downtown and California State University of Los Angeles. The Rowan Apartments is located in the unincorporated section of Los Angeles, just East of downtown Los Angeles and just blocks from the 5, 10, 60, 101 and 710 Freeways.This Non-Rent Controlled property consist of four 1 Bed/1 Bath units (two converted units) with 2,120 of rentable square feet of living space, and a large lot size of 4,505 square feet. The current property rents are significantly below market, creating a repositioning opportunity to generate strong cash flows and investment yields. The property is individually metered for electric and gas with the current owner paying the utilities. There+GGs a garage on-site with tenants utilizing street parking.
    Exterior Features

    Garage Spaces 1.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking Total 1.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 530 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 None Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 695.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 39000.00 Gross Operating Income 39000.00 Gross Scheduled Income 39000.00 Insurance Expense 1118.00 Land Lease YN No Laundry YN No Maintenance Expense 1700.00 Maintenance Percent 5.50 Net Operating Income 23387.00 New Taxes Expense 8400.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 4 Operating Expense 15613.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other City Terrace Supplies Expense 1200.00 Total Actual Rent 3250.00 Total Expenses 15613.00 Trash Expense 1000.00 Vacancy Allowance 0 Water Sewer Expense 1500.00 Water Source Public Year Built Source Assessor Zoning Lcr3*

    Listing provided courtesy of Kevin Russell of Gibraltar Investment Partners Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T21:28:00.643. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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