1680 W 22nd Street

    Los Angeles (City), CA 90007
    • $1,499,900
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: TR18093110
    $1,499,900
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,000
      SQFT
    • $300
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Excellent 6 unit investment property centrally located in a highly desirable area in LA +GG HPOZ area, close to USC, USC New Village, downtown LA, Korean Town, and Mid City. The property has a total of six spacious units, four units are 2 bedrooms/1 bath, two units are 1 bedroom/1 bath. This property is updated and very well-maintained, with low operating cost. All units are separated metered in gas and electrical meter and with individual water heaters. The building was updated with electrical, sewer, and copper plumbing. Newer roof. Double pane windows. Newer interior and exterior paint. Each units has security door, lots of storage room. All kitchen has new Quartz countertops. A common laundry room with coin operated washer and dryer brings extra income. Located at a corner lot with no building to its north site, which provides ample street parking space plus 6 onsite parking. The Location, the well-maintained conditions, the low operating cost, the rare found ample parking, and the great upside in rent, all factors make this a very desirable income generating asset in the supply-constrained USC market. DRIVE BY ONLY. Please do not disturb occupants.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-25T00:27:11.463. 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/82886875

    1680 W 22nd Street Los Angeles (City), CA 90007

    • Price: $1,499,900
    • Status: Active
    • ID#: TR18093110
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,000
    SQFT
    $300
    $/SQFT
    1964
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Excellent 6 unit investment property centrally located in a highly desirable area in LA +GG HPOZ area, close to USC, USC New Village, downtown LA, Korean Town, and Mid City. The property has a total of six spacious units, four units are 2 bedrooms/1 bath, two units are 1 bedroom/1 bath. This property is updated and very well-maintained, with low operating cost. All units are separated metered in gas and electrical meter and with individual water heaters. The building was updated with electrical, sewer, and copper plumbing. Newer roof. Double pane windows. Newer interior and exterior paint. Each units has security door, lots of storage room. All kitchen has new Quartz countertops. A common laundry room with coin operated washer and dryer brings extra income. Located at a corner lot with no building to its north site, which provides ample street parking space plus 6 onsite parking. The Location, the well-maintained conditions, the low operating cost, the rare found ample parking, and the great upside in rent, all factors make this a very desirable income generating asset in the supply-constrained USC market. DRIVE BY ONLY. Please do not disturb occupants.
    Exterior Features

    Architectural Style Bungalow Direction Faces North Fence YN Yes Fencing BlockWrought Iron Garage Spaces 0.00 Lot Features 6-10 Units/AcreCorner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Parking SpacePrivate Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof AsphaltShingle

    Interior Features

    Appliances Gas StoveGas Water HeaterMicrowave Appliances YN Yes 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 See Remarks Cooling YN Yes Flooring LaminateTile Heating Central Furnace Heating YN Yes Interior Features Ceiling FanGranite Counters Laundry Features Individual RoomSee Remarks Levels Two Room Type Laundry Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.60 Community Features Urban Country Us Electric Expense 1440.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 95085.00 Gross Multiplier 15.77 Gross Scheduled Income 93165.00 Insurance Expense 1800.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 1920.00 Laundry YN Yes Maintenance Expense 2400.00 Net Operating Income 68355.00 New Taxes Expense 17850.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number With Range 6 Operating Expense 26730.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Property Sub Type Quadruplex Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke DetectorWindow Bars Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 7763.76 Total Expenses 26730.00 Trash Expense 1440.00 Utilities Sewer Connected Water Sewer Expense 1800.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Yuhong Li of Homeridge Properties.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-25T00:27:11.463. 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.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094