Los Angeles CA  home offered at $2,150,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

1529 S Orange Grove Avenue
Los Angeles, California CA 90019-4949
Price: $2,150,000
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Listing ID: SR18212956
Price/SqFt: $515.46
Status: Active
SqFt: 4,171 Sq Ft
Acres: 0.158 Acres
Year Built: 1928

Location!, Location!, Location! Buy on a hot and proven “must see” street where new apartment developments and new house remodels can currently be actually witnessed springing up all along this particular street at a quick and alarming rate. Not just a hope, but a true and actual transformation, springing up, prompting a realistic boosting of this neighborhood’s value for the true investor to earn a foreseeable high future return. All OFFERS welcome, owner eager !!!! 1529 S Orange Grove Ave, Los Angeles, CA is a 4 unit apartment building in the Fairfax/Pico area. With 4,171 sq ft of living spaces, the subject property sits on a 6,886 square foot lot and features 8 bedrooms and 4 bathrooms.The subject property is located in (FAIRCREST) one of the most sought-after rental and investment markets in the entire Los Angeles area. Zoning of LAR3, this rental property could potentially produce upside regular monthly source of income. The property has detached remote controlled 4 car garages plus fully dry walled with permit. Each unit also individually metered for gas and electric utilities. It recently passed the Los Angeles Systematic Code Enforcement inspection. The property is close to The Grove, Beverly Hills, Hollywood, Culver City, Carthay Circle Park, Hancock Park and Reynier Park.The subject property is sold "as-is", NO seller's credit available.

Primary Features

Cooling Type: Wall/Window Unit(s), Whole House Fan, Electric
County: Los Angeles
Heating Type: Floor Furnace, Wall Furnace, Electric, Natural Gas
Lot Features: Landscaped, Lawn
MLS Area Major: 699 - Not Defined
Special Listing Conditions: Standard
Year Built: 1928
Zoning: LAR3

Additional

Association: no
Community Features: Street Lights
Land Lease: no
Laundry Features: Common Area, Gas Dryer Hookup, In Kitchen, Inside
Laundry: yes
Lot Size Source: Assessor
Lot Size Units: Square Feet
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Number Of Separate Water Meters: 1
Number Of Units Leased: 2
Number Of Units Total: 4
Number Wall AC: 4
Number With Carpet: 4
Property Attached: yes
Senior Community: no
Tax Area: 00067
Tax Lot: 81
Tax Tract Number: 4713
Utilities: Cable Available, Electricity Available, Natural Gas Available
Water Source: Public
Year Built Source: Assessor

Interior Features

Common Walls: 2+ Common Walls
Cooling: yes
Flooring: Carpet, Tile
Garage Spaces: 4
Heating: yes
Levels: Two
Stories Total: 2

Financial Details

Electric Expense: 100
Gross Income: 85500
Gross Scheduled Income: 115200
Insurance Expense: 1900
Maintenance Expense: 500
Net Operating Income: 106300
New Taxes Expense: 5500
Operating Expense: 8900
Rent Control: yes
Tenant Pays: Cable TV, Electricity, Gas
Total Actual Rent: 45000
Total Expenses: 8900
Trash Expense: 450
Water Sewer Expense: 450

External Features

Fencing: Chain Link
Lot Size Area: 6886
Lot Size Square Feet: 6886
Number Of Buildings: 2
Parking Features: Covered, Concrete, Garage Faces Front, Garage - Single Door
Parking Total: 4
Parking: yes
Pool Features: None
Private Pool: no
Sewer: Public Sewer

Location Information

Country: US

Zoning Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of Elvie Dimagiba from CURB - 100% Commission Broker . Last updated Sunday, May 19th, 2019.

Contact - Listing ID SR18212956

Lisa DiNoto

8250 White Oak
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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