933 New Depot Street , 6 & 7

    Los Angeles (City), CA 90012
    • $649,000
    • STATUS: Active Under Contract
    • ON SITE: 154 days
    • ID#: AR18088591
    Under Contract
    UPDATED: 48 min ago
    $649,000
    • 0
      BEDS
    • 1.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,732
      SQFT
    • $375
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1976
    County:

    School Ratings & Info

    Description

    Investors Delight with Over 6% return! Excellent opportunity to own this duplex with low maintenance and positive cash flow! Perfect for buyers to live in one and rent out the other. The property is in an unbeatable location with amazing views of the Downtown Skyline. This top and bottom duplex both feature 2 beds and 1 bath each, with a combined livable space of 1,732sqft. Both units have been updated and remodeled featuring new laminate flooring, new paint, new water heater, new kitchen cabinets with granite counter tops, and tastefully redone bathrooms. The open layout provides excellent flow between the rooms giving each unit a comfortable and relaxing vibe. Projected rents for each unit is $2,300+ offering a combined income of $55,200/year earning the new owner over a 6% return! This duplex is also great for large extended families to live together but in separate units. Each unit has a separate electric and gas meter. Included are 2 reserved parking spaces inside a gated garage with a private laundry area. This turnkey property is conveniently located, steps away from Downtown LA, Silver Lake, Chinatown, and Dodger Stadium!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T23:28:22.423. 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/82733005

    933 New Depot Street , 6 & 7 Los Angeles (City), CA 90012

    • Price: $649,000
    • Status: Active Under Contract
    • Updated: 48 min ago
    • ID#: AR18088591
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.22
    Acres
    1,732
    SQFT
    $375
    $/SQFT
    1976
    Built
    Neighborhood:
    Chna - Chinatown
    County:
    Los Angeles
    Area:
    Chna - Chinatown
    Property Description
    Investors Delight with Over 6% return! Excellent opportunity to own this duplex with low maintenance and positive cash flow! Perfect for buyers to live in one and rent out the other. The property is in an unbeatable location with amazing views of the Downtown Skyline. This top and bottom duplex both feature 2 beds and 1 bath each, with a combined livable space of 1,732sqft. Both units have been updated and remodeled featuring new laminate flooring, new paint, new water heater, new kitchen cabinets with granite counter tops, and tastefully redone bathrooms. The open layout provides excellent flow between the rooms giving each unit a comfortable and relaxing vibe. Projected rents for each unit is $2,300+ offering a combined income of $55,200/year earning the new owner over a 6% return! This duplex is also great for large extended families to live together but in separate units. Each unit has a separate electric and gas meter. Included are 2 reserved parking spaces inside a gated garage with a private laundry area. This turnkey property is conveniently located, steps away from Downtown LA, Silver Lake, Chinatown, and Dodger Stadium!
    Exterior Features

    Garage Spaces 2.00 Lot Features Walkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCovered ParkingGarage Door OpenerGatedOff StreetParking SpaceSide By Side Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved View City LightsPanoramic View YN Yes

    Interior Features

    Appliances Gas StoveGas Water HeaterRange/Stove HoodWater Heater Unit 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 2+ Common WallsEnd Unit Cooling Central Cooling YN Yes Door Features Sliding Glass Door(S) Fireplace Features None Fireplace YN No Flooring Laminate Heating Central Furnace Heating YN Yes Interior Features BalconyDry BarGranite CountersLiving Room BalconyOpen Floor PlanUnfurnished Laundry Features Gas & Electric Dryer HookupIndividual RoomWasher Hookup Levels Multi/Split Room Type EntryJack & JillKitchenLaundry Window Features Skylights

    Property Features

    Additional Parcels YN No Association Amenities InsuranceSewerWaterDues Paid AnnuallyDues Paid MonthlyPets Permitted Association Fee 210.00 Association Fee Frequency Monthly Association Fee2 420.00 Association Fee2 Frequency Annually Association YN Yes Building Area Units Square Feet Cap Rate 6.37 Community Features Sidewalks Country Us Electric Electricity - On Property Elevation Units Feet Gross Income 55200.00 Gross Scheduled Income 55200.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 41400.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 0 Operating Expense 13800.00 Property Condition Turnkey Property Sub Type Duplex Rent Control YN Yes Security Features Automatic GateCarbon Monoxide Detector(S)Smoke DetectorWindow Bars Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGasInsuranceTrash Collection Total Expenses 13800.00 Trash Expense 0.00 Utilities Sewer ConnectedWater Connected Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of John Man of Manrealty.Com and Morgan Kwong of Manrealty.Com.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T23:28:22.423. 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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