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Gail Mercedes Cole
The Hills Premier Realty
 9595 Wilshire Blvd, Ste #900, 

Beverly Hills, CA 90212

310-853-9933
Contact Me

" Selling Dreams and Lifestyles"

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Listing 2 out of 35
$750,000 For Sale

5407 2nd Avenue
Los Angeles, CA 90043

8 beds | Residential Income
4,704 sq ft - MLS# 18407070
Property Photo
1/12

Description

Huge four (4) unit building. Each unit is spacious 2BD/2BA and over 1175sqft each. Near 54th St. and soon-to-be-finished Crenshaw Line. Can be perfect for FHA owner occupant. Over 4700+ sqft on large 6150+ sqft lot. Newer electrical, newer meters. 2 units have been completely remodeled in last few years. 2 units are older. All bathrooms have new bathtubs and tile floors. Entire building remodeled to city code in 2001. Parking in back (enter thru alley) plus four (1) one car detached garages (need roof repair) can rent $150/month each. All tenants on month-to-month, paying electric, gas and trash. Conveniently located close to new Crenshaw Line and Inglewood Football Stadium. Seller can provide Property Profile with current market comps ranging from $1.3M-$950k. But owner wants it sold for another project. This property has great upside for major profit over next 3-5 years. Could be great for owner occupant FHA. Wont last!

Features

  • Property Type: Residential Income
  • Sub Type: Fourplex
  • Listing Status: Active
  • County/Area: Los Angeles County
  • Zip Code: 90043
  • Year Built: 1922
  • Subdivision/Neighborhood: Park Hills Heights (PHHT)
  • Sq.Ft.: 4,704 sq ft
  • Stories: 2-Story
  • Bedrooms: 8
  • # of Parking Spaces: 8
  • Zoning: LARD1.5
  • Adjusted Gross Income: 32666.00
  • Agent License Number: 01478668
  • Cap Rate: 4.36
  • City Code: 10000058287
  • Expense Electric: 1080.00
  • Expense Insurance: 5200.00
  • Expense Maintenance: 1200.00
  • Expense Tax: 9750.00
  • Expense Total Annual: 17230.00
  • Gross Operating Income: 49896.00
  • Gross Rent Multiplier: 15.03
  • Heating Type: Wall Heater
  • Lot Size SQ FT: 6152
  • Lot Size Source: Public Records
  • Net Operating Income: 32666.00
  • Number Of Buildings: 1
  • Parking Type: Garage, Parking Space
  • Square Footage Source: Public Records
  • Status: Active Under Contract
  • Total Floors: 2
  • Unit Furnished01: Unfurnished
  • Unit Furnished02: Unfurnished
  • Unit Furnished03: Unfurnished
  • Unit Furnished04: Unfurnished
  • Unit Furnished05: Unfurnished
  • Unit Furnished06: Partially
  • Unit Furnished07: Partially
  • Unit Furnished08: Partially
  • Unit Furnished09: Partially
  • Unit Furnished10: Partially
  • Unit Furnished11: Partially
  • Unit Furnished12: Partially
  • Unit Furnished13: Partially
  • Unit Monthly Rent01: 955.00
  • Unit Monthly Rent02: 1007.00
  • Unit Monthly Rent03: 833.00
  • Unit Monthly Rent04: 763.00
  • Unit Monthly Rent05: 600.00
  • Unit Number Of Bath01: 2.0
  • Unit Number Of Bath02: 2.0
  • Unit Number Of Bath03: 2.0
  • Unit Number Of Bed01: 2
  • Unit Number Of Bed02: 2
  • Unit Number Of Bed03: 2
  • Unit Number Of Bed04: 2
  • Units In Complex: 4
  • h: 2.0
Courtesy of Pacific Playa Realty, Andrew Watkins (CalBRE: 01478668)


Gail Mercedes Cole (310) 853-9933

The Hills Premier Realty
9595 Wilshire Blvd, Ste #900, Beverly Hills, CA 90212
Beverly Hills, CA 90212

This is not intended as a solicitation of prospective buyers or sellers who already have an exclusive agency agreement with another agent. All information deemed accurate but not guaranteed, CalDRE#00788828
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