Opportunity to own 3 Units + 9 Bedroom Rooming House in one of LA's hottest neighborhoods, Lincoln Heights. Actual Income of $6,126/month - $73,513/year with good in-place income/cash flow + future upside in rents + value add potential for unused spaces. The site consists of 2 buildings connected by a breezeway totaling 3,696 square feet. The front building has 2, 1/1 Units that are spacious with high ceilings on the 1st floor and 9 Bedrooms + 2, 1/4 baths, shower room, and kitchen area on the 2nd floor. The back building consists of 2 bedrooms, storage room, and potential for additional income by re-configuring unused spaces (see floorplan). Minutes to vibrant DTLA, Chinatown, and leafy 32-acre LA State Historic Park. Capitalize on LA River Revitalization Plans, Albion Riverside Park (6-acre extension of Downey Park), and proposed mixed use developments coming to Lincoln Heights.

Carport Spaces 0.00 Foundation Details RaisedSee Remarks Garage Spaces 0.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Private YN No Spa YN No View YN No

Average Studio Area 0 Average1 Bed Area 0 Average2 Bed Area 0 Average3 Bed Area 0 Fireplace YN No Flooring See Remarks Interior Features Balcony Levels Two

Association YN No Cable Tv Expense 0.00 Cap Rate 6.40 Country Us Electric Expense 3252.00 Fuel Expense 1110.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 6126.00 Gross Multiplier 9.50 Gross Operating Income 0.00 Gross Scheduled Income 0.00 Gross Spendable Income 0.00 Improvements Amount 0 Improvements Percent 0.00 Insurance Expense 2766.00 Land Lease Amount 0.00 Land Value 0 Land Value Percent 0.00 Laundry Income 0.00 Licenses Expense 1428.00 Maintenance Expense 2400.00 Maintenance Percent 0.00 Net Operating Income 0.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 0 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 0 Number With Drapes 0 Number With Patio 0 Number With Range 0 Number With Refrigerator 0 Operating Expense 0.00 Operating Expense Percent 0.00 Other Expense 1647.00 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 468.00 Pool Expense 0.00 Professional Management Expense 0.00 Security Expense 0.00 Sold Cap Rate 0.00 Special Listing Conditions Standard Supplies Expense 0.00 Tax Rate 0.00 Taxes Percent 0.00 Total Actual Rent 0.00 Total Expenses 0.00 Trash Expense 1168.00 Vacancy Allowance 0 Vacancy Allowance Rate 5.00 Walk Score 0 Water Sewer Expense 2235.00 Workmans Compensation Expense 0.00 Zoning Lam2

Listing provided courtesy of Norman Kawaguchi of Berkshire Hathaway Homeservice

Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-17T16:30:22.187. 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.

528 S Avenue 19

Description

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Description

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528 S Avenue 19 Los Angeles (City), CA 90031

Property Description

Exterior Features

Interior Features

Property Features

Carport Spaces	0.00
Foundation Details	Raised See Remarks
Garage Spaces	0.00
Lot Size Source	Assessor
Lot Size Units	Square Feet
Parking Total	0.00
Pool Private YN	No
Spa YN	No
View YN	No

Average Studio Area	0
Average1 Bed Area	0
Average2 Bed Area	0
Average3 Bed Area	0
Fireplace YN	No
Flooring	See Remarks
Interior Features	Balcony
Levels	Two

Association YN	No
Cable Tv Expense	0.00
Cap Rate	6.40
Country	Us
Electric Expense	3252.00
Fuel Expense	1110.00
Furniture Replacement Expense	0.00
Garage Income	0.00
Gross Equity	0
Gross Income	6126.00
Gross Multiplier	9.50
Gross Operating Income	0.00
Gross Scheduled Income	0.00
Gross Spendable Income	0.00
Improvements Amount	0
Improvements Percent	0.00
Insurance Expense	2766.00
Land Lease Amount	0.00
Land Value	0
Land Value Percent	0.00
Laundry Income	0.00
Licenses Expense	1428.00
Maintenance Expense	2400.00
Maintenance Percent	0.00
Net Operating Income	0.00
Number Of Separate Electric Meters	1
Number Of Separate Gas Meters	1
Number Of Separate Water Meters	1
Number Of Units Leased	0
Number Wall AC	0
Number With Carpet	0
Number With Dishwasher	0
Number With Disposal	0
Number With Drapes	0
Number With Patio	0
Number With Range	0
Number With Refrigerator	0
Operating Expense	0.00
Operating Expense Percent	0.00
Other Expense	1647.00
Other Income1	0.00
Other Income2	0.00
Personal Property Amount	0
Personal Property Percent	0.00
Pest Control Expense	468.00
Pool Expense	0.00
Professional Management Expense	0.00
Security Expense	0.00
Sold Cap Rate	0.00
Special Listing Conditions	Standard
Supplies Expense	0.00
Tax Rate	0.00
Taxes Percent	0.00
Total Actual Rent	0.00
Total Expenses	0.00
Trash Expense	1168.00
Vacancy Allowance	0
Vacancy Allowance Rate	5.00
Walk Score	0
Water Sewer Expense	2235.00
Workmans Compensation Expense	0.00
Zoning	Lam2