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2911 5TH Avenue

Los Angeles (City), CA 90018
  • $1,175,000
  • STATUS: Active
  • ON SITE: 38 Days
  • ID#: 22146131
UPDATED: 84 min ago
$1,175,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Leon Clayton of Clayton & Associates Realtors (310-412-2492)


Description

FHA Qualified. Great investment property. Property has a duplex in front, each is 1bedroom, 1 bath. One of the front units has been upgraded. Single standing unit in rear is a 2 bedroom one bath. 2-car garage in the rear is zoned and perfect area for ADU. Property is zoned for multiple units, in which you can add to the top of the existing structures, or remove all structures and add multiple units of (6-12, verify the building zoning code). Property is also zoned for a Group Home or Child Care services. Property has very nice curb appeal and endless, investment future potential. Please do not disturb the tenants nor walk the property. CDC mandated guidelines will apply. Unit 1 is available for showing. Unit 2, with appropriate non-refundable deposit, can be vacant upon closing. Unit 3 Contract will be expiring in 8 months.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T08:24:06.383. 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 or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127686660
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2911 5TH Avenue Los Angeles (City), CA 90018

  • Price: $1,175,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 84 min ago
  • ID#: 22146131
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1924
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
FHA Qualified. Great investment property. Property has a duplex in front, each is 1bedroom, 1 bath. One of the front units has been upgraded. Single standing unit in rear is a 2 bedroom one bath. 2-car garage in the rear is zoned and perfect area for ADU. Property is zoned for multiple units, in which you can add to the top of the existing structures, or remove all structures and add multiple units of (6-12, verify the building zoning code). Property is also zoned for a Group Home or Child Care services. Property has very nice curb appeal and endless, investment future potential. Please do not disturb the tenants nor walk the property. CDC mandated guidelines will apply. Unit 1 is available for showing. Unit 2, with appropriate non-refundable deposit, can be vacant upon closing. Unit 3 Contract will be expiring in 8 months.
Exterior Features

Architectural Style Spanish Construction Materials Stucco Direction Faces East Entry Location Ground Level W/Steps Foundation Details Raised Lot Features Back YardFront YardLawnLandscapedRectangular LotYard Number Of Separate Electric Meters 3 Parking Features Covered Parking Total 3

Interior Features

Cooling None Cooling YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Crown Molding Window Features BlindsShutters

Property Features

Association Fee 0 Buyer Financing CashConventional Electric Expense 490 Garage YN Yes Gross Income 61200 Insurance Expense 2100 Land Lease YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Maintenance Expense 650 Net Operating Income 52574 New Construction YN No New Taxes Expense 3296 Number Of Separate Gas Meters 3 Number Of Units Leased 1 Possession Close Of Escrow Security Features Carbon Monoxide Detector(S)Fire Detection SystemFire Rated DrywallSmoke Detector(S)Window Bars Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Vacancy Allowance Rate 1 Water Sewer Expense 1440 Zoning Lard3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T08:24:06.383. 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 or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Leon Clayton of Clayton & Associates Realtors (310-412-2492)