3940 Dobinson Street

    Los Angeles (City), CA 90063
    • $789,000
    • STATUS: Active
    • ON SITE: 194 days
    • ID#: PW18135292
    UPDATED: 45 min ago
    $789,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,154
      SQFT
    • $250
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:

    School Ratings & Info

    Description

    Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. NO RENT CONTROL. Rent around neighborhood ($1600-$1800/mo. X 4=$6400-$7200/mo.) instead of (~3670/mo.); even higher around Cal State LA. H. Great location!!! Close to Downtown LA, Cal State LA, LA + USC Medical Center, USC Health Sciences Campus, Citadel Shopping Mall Plaza. Added smoke detectors/Carbon Monoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property!!! in this market has same track number with 2 separate lots [this existing triplex on 1 lot and another empty lot which can construct another duplex (~2400 sqft each)]. BUYER TO VERIFY WITH CITY AGAIN. There is a way to separate to 2 different address; ask the owner how. Fireplace: Gas, Heating: Gas. Permited triplex has (Unit #1) 2BR + 1BA (rent:$980/mo.), (Unit #2) 2BR + 1BA (rent:$920/mo.), (Unit #3) 2BR + 1BA (rent:$920/mo.) and (Unit #4) 2BR + 2BA (rent:$850/mo.) [without permit]. 3 tenants are living 20+ years, the other one is 10+ years. Total rent: $3670/mo. PRO FORMA CAPE RATE IS 9.6%. Property Sold AS_IS.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-19T09:27:39.673. 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/84401712

    3940 Dobinson Street Los Angeles (City), CA 90063

    • Price: $789,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: PW18135292
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,154
    SQFT
    $250
    $/SQFT
    1917
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. NO RENT CONTROL. Rent around neighborhood ($1600-$1800/mo. X 4=$6400-$7200/mo.) instead of (~3670/mo.); even higher around Cal State LA. H. Great location!!! Close to Downtown LA, Cal State LA, LA + USC Medical Center, USC Health Sciences Campus, Citadel Shopping Mall Plaza. Added smoke detectors/Carbon Monoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property!!! in this market has same track number with 2 separate lots [this existing triplex on 1 lot and another empty lot which can construct another duplex (~2400 sqft each)]. BUYER TO VERIFY WITH CITY AGAIN. There is a way to separate to 2 different address; ask the owner how. Fireplace: Gas, Heating: Gas. Permited triplex has (Unit #1) 2BR + 1BA (rent:$980/mo.), (Unit #2) 2BR + 1BA (rent:$920/mo.), (Unit #3) 2BR + 1BA (rent:$920/mo.) and (Unit #4) 2BR + 2BA (rent:$850/mo.) [without permit]. 3 tenants are living 20+ years, the other one is 10+ years. Total rent: $3670/mo. PRO FORMA CAPE RATE IS 9.6%. Property Sold AS_IS.
    Exterior Features

    Garage Spaces 0.00 Lot Features Lot 6500-9999 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 Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 44040.00 Gross Scheduled Income 44040.00 Insurance Expense 1100.00 Land Lease YN No Laundry YN No Net Operating Income 35012.00 New Construction YN No New Taxes Expense 6277.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 9028.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 9028.00 Trash Expense 0.00 Water Sewer Expense 1651.00 Water Source Public Year Built Source Assessor Zoning Lcr2*

    Listing provided courtesy of Thomas Luong of Superior Real Estate Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-19T09:27:39.673. 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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