3121 Helms Avenue

    Los Angeles (City), CA 90034
    • $830,000
    • STATUS: Active Under Contract
    • ON SITE: 39 days
    • ID#: SR18114170
    Under Contract
    $830,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,400
      SQFT
    • $593
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Rare Helms District Duplex with new TOC zoning. 2 structures on 1 lot. Front house beautiful remodeled 2+1. Rear 1+1 rents for $1215 to a Section 8 tenant. Detached 2 car garage and attractive landscaping. Additionally, a Developer could build up to 6 (six) units if an affordable housing component is incorporated into the overall project.The City of LA provides concessions to Developers, such as 0.5 parking spaces per unit, 70% more units by right and increased FAR (Floor to Area Ratio) to 4.5:1, along with other density incentives under the New Transit-Oriented Communities (TOC) Plan. Additionally, an owner-user investor can obtain highly- leveraged financing of up to 75% loan-to-value and benefit from the long-term appreciation and development potential of the asset.

    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/83666551

    3121 Helms Avenue Los Angeles (City), CA 90034

    • Price: $830,000
    • Status: Active Under Contract
    • ID#: SR18114170
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1,400
    SQFT
    $593
    $/SQFT
    1923
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    Rare Helms District Duplex with new TOC zoning. 2 structures on 1 lot. Front house beautiful remodeled 2+1. Rear 1+1 rents for $1215 to a Section 8 tenant. Detached 2 car garage and attractive landscaping. Additionally, a Developer could build up to 6 (six) units if an affordable housing component is incorporated into the overall project.The City of LA provides concessions to Developers, such as 0.5 parking spaces per unit, 70% more units by right and increased FAR (Floor to Area Ratio) to 4.5:1, along with other density incentives under the New Transit-Oriented Communities (TOC) Plan. Additionally, an owner-user investor can obtain highly- leveraged financing of up to 75% loan-to-value and benefit from the long-term appreciation and development potential of the asset.
    Exterior Features

    Garage Spaces 1.00 Lot Features Lot-Level/FlatValue In Land Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 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 Laundry Features Gas & Electric Dryer HookupNone Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Street Lighting Country Us Elevation Units Feet Gross Income 56580.00 Gross Scheduled Income 56580.00 Insurance Expense 2500.00 Land Lease YN No Net Operating Income 41580.00 New Taxes Expense 12500.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 18700.00 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer None Special Listing Conditions Standard Total Actual Rent 1215.00 Total Expenses 18700.00 Trash Expense 1200.00 Water Sewer Expense 2500.00 Zoning Lard2

    Listing provided courtesy of Jay Martinez of Hudson Commercial Partners, In and Darin Spillman of Hudson Commercial Partners, In.


    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.
     
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