3849 Stevely Avenue

    Los Angeles (City), CA 90008
    • $1,799,000
    • STATUS: Active
    • ON SITE: 103 days
    • ID#: 18341896
    UPDATED: 52 min ago
    $1,799,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,872
      SQFT
    • $229
      $/SQFT
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    SELLER MOTIVATED! Already found the replacement property. Serious buyers ONLY. ALL CASH quick close preferred. In the hills of the affluent Baldwin Hills Estates. One of a kind complex with classic Mid-Century modern aesthetic. Centrally located in Southern Mid-City LA, between Baldwin Hills & Crenshaw District. Near expansive Kenneth Hahn State Park, Jim Gilliam Recreation Center, brand new Kaiser Permanente & the Baldwin Hills shopping mall. This asset offers investor an excellent opportunity to purchase an upgraded building with rents well below the market, with the opportunity to create future upside potential with unit turnover. This well maintained building has undergone a complete exterior overhaul & 2 of the units have been completely remodeled with attractive finishes. New exterior & interior paint, new roof, new security gate, new security cameras, new landscaping, upgraded plumbing & electrical, new master water heater.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-20T21:29:59.497. 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/83358650

    3849 Stevely Avenue Los Angeles (City), CA 90008

    • Price: $1,799,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 18341896
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    7,872
    SQFT
    $229
    $/SQFT
    1957
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    SELLER MOTIVATED! Already found the replacement property. Serious buyers ONLY. ALL CASH quick close preferred. In the hills of the affluent Baldwin Hills Estates. One of a kind complex with classic Mid-Century modern aesthetic. Centrally located in Southern Mid-City LA, between Baldwin Hills & Crenshaw District. Near expansive Kenneth Hahn State Park, Jim Gilliam Recreation Center, brand new Kaiser Permanente & the Baldwin Hills shopping mall. This asset offers investor an excellent opportunity to purchase an upgraded building with rents well below the market, with the opportunity to create future upside potential with unit turnover. This well maintained building has undergone a complete exterior overhaul & 2 of the units have been completely remodeled with attractive finishes. New exterior & interior paint, new roof, new security gate, new security cameras, new landscaping, upgraded plumbing & electrical, new master water heater.
    Exterior Features

    Lot Size Units Square Feet Parking Features Carport Parking YN Yes

    Interior Features

    Appliances RefrigeratorDishwasher Appliances YN Yes Cooling None Cooling YN No

    Property Features

    Cable Tv Expense 840.00 Cap Rate 4.62 Fuel Expense 2100.00 Gross Multiplier 13.24 Gross Operating Income 135860.00 Improvements Amount 352000 Insurance Expense 3948.00 Land Value 840000 Laundry Income 125.00 Net Operating Income 81804.00 Professional Management Expense 4000.00 Special Listing Conditions Standard Total Expenses 54056.00 Trash Expense 3216.00 Water Sewer Expense 14400.00 Zoning Lar3

    Listing provided courtesy of Shay Gozlan of Innovative Property Strategies and Gabriela Manakova of Innovative Property Strategies.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-20T21:29:59.497. 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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