15001 Paddock Street

    Sylmar, CA 91342
    • $615,000
    • STATUS: Closed
    • ON SITE: 162 days
    • ID#: SR18131956
    Sold - 09/25/2018
    $615,000
    SOLD - 09/25/2018
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,838
      SQFT
    • $335
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:
    Area:

    School Ratings & Info

    Description

    Excellent opportunity to buy 2 separate homes on one huge 11,021 sq ft lot. Each home has it's own private yard. There is plenty of parking and for those who worry about the tenants water usage there are 2 separate water meters. So the tenant is responsible for all of their own utilities. The front house is a 2 bedroom and 1 one bath. You can get $2,000 a month in rent. Back house is a 3 bedroom and 1 bath. You can get $2,500 a month in rent. That gives you a 6.40% CAP Rate and A 11.65% GRM. That is a great deal for this market. It is also perfect for two families to buy it and occupy both homes. Hurry this will go fast. PLEASE DO NOT DISTURB THE TENANT IN THE FRONT HOUSE!

    Sold by Benjamin Iraheta of Century 21 Peak.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T11:30:53.543. 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. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84256301

    15001 Paddock Street Sylmar, CA 91342

    • Price: $629,000
    • Status: Closed
    • Updated: 36 min ago
    • ID#: SR18131956
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    1,838
    SQFT
    $335
    $/SQFT
    1952
    Built
    Neighborhood:
    SYL - Sylmar
    County:
    Los Angeles
    Area:
    SYL - Sylmar
    Property Description
    Excellent opportunity to buy 2 separate homes on one huge 11,021 sq ft lot. Each home has it's own private yard. There is plenty of parking and for those who worry about the tenants water usage there are 2 separate water meters. So the tenant is responsible for all of their own utilities. The front house is a 2 bedroom and 1 one bath. You can get $2,000 a month in rent. Back house is a 3 bedroom and 1 bath. You can get $2,500 a month in rent. That gives you a 6.40% CAP Rate and A 11.65% GRM. That is a great deal for this market. It is also perfect for two families to buy it and occupy both homes. Hurry this will go fast. PLEASE DO NOT DISTURB THE TENANT IN THE FRONT HOUSE!
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Cooling Wall Window Cooling YN Yes Heating Wall Heater Heating YN Yes Laundry Features Gas Dryer HookupWasher Hookup Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsGutters Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 600.00 Gross Income 40241.00 Gross Operating Income 52380.00 Gross Scheduled Income 54000.00 Insurance Expense 919.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2357.00 Net Operating Income 40241.00 New Taxes Expense 77863.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 12139.00 Other Expense 400.00 Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 12139.00 Trash Expense 0.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar1

    Listing provided courtesy of Anthony Quintero of Keller Williams Realty-Studio.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T11:30:53.543. 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. Licensed in the State of California, USA.
     
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