1705
S
Spaulding Avenue,
Los Angeles,
California
CA
90019-5034
Sold For: $1,750,000
Listing ID: 21100493
Price/SqFt:
$647.18
Status:
Closed
Sold Date:
1/05/2022
SqFt:
2,857
Sq Ft
Acres:
0.086
Acres
Year Built:
1963
This triplex in the heart of Los Angeles consists of three remodeled units. Great for an investment to buy and hold or as an owner user to live and a highly desirable two bedroom unit and have your expenses be below current market rents while building equity. Tenants are paying market rents and all rents have been collected for multiple years for two units at current market value. This property consists of a three bedroom front unit that has no common walls and a private patio. The kitchen has stainless steel appliances and was remodeled in 2016. The two bedroom unit is upstairs and has an oversized outdoor rooftop patio. The kitchen has stainless steel appliances and quartz counter tops. Hardwood flooring throughout the unit with central AC, Laundry, office nook and remodeled bathrooms. The one bedroom unit has a mini-split HVAC system along with completely remodeled bathroom and kitchen. Three car garage with storage units gives each tenant one parking spot.
Primary Features
County:
Los Angeles
Price/SqFt:
647.18
Property Type:
Residential Income
Year Built:
1963
Zoning:
LAR1
Interior
Appliances:
yes
Appliances:
Dishwasher, Disposal, Microwave, Refrigerator
Heating:
yes
Heating Type:
Electric
Interior Features:
Ceiling Fan(s)
Laundry:
yes
Laundry Features:
Washer Included, Dryer Included
External
Entry Level:
1
Lot Size Area:
3725
Lot Size Square Feet:
3725
Number Of Buildings:
1
Parking:
yes
Parking Features:
Garage - Three Door
Location
Country:
US
MLS Area Major:
C16 - Mid Los Angeles
Additional
Association:
no
Days On Market:
17
List Agent State License:
01956587
List Office State License:
02062862
Lot Size Units:
Square Feet
New Construction:
no
Number Of Separate Electric Meters:
3
Number Of Separate Gas Meters:
3
Number Of Units Leased:
3
Number Of Units Total:
3
Parcel Number:
5069007008
Property Condition:
Updated/Remodeled
Financial
Cap Rate:
4.78
Gross Multiplier:
16.63
Gross Operating Income:
117178
Net Operating Income:
87056
Special Listing Conditions:
Standard
Tenant Pays:
Cable TV, Electricity
Total Expenses:
30122
© 2024. 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. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Tuesday, April 16th, 2024.
Based on information from CARETS as of Tuesday, April 16th, 2024 03:12:11 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including 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.
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Listed by: RobertCrawford, DRE #01956587 from WE ARE REALTY INC 310-363-0452
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