Los Angeles CA  home offered at $1,500,000 

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

 

Currently viewing 1 of 8
712 E Rosecrans Avenue
Los Angeles, California CA 90059-3509
Sold For: $1,450,000
Listing ID: SB20029512
Price/SqFt: $133.76
Status: Closed
Sold Date: 4/17/2021
SqFt: 10,840 Sq Ft
Acres: 0.710 Acres
Year Built: 1964

We are pleased to present this incredibly rare opportunity to purchase a portfolio of homes located at 712 & 718 E Rosecrans in Central Los Angeles, CA 90059. This unique value-add 8-unit portfolio provides almost any investor an opportunity to create endless value at an incredibly reasonable price of $1,500,000. Either buy, rehab, and hold for major rental upside, add on to existing structures, or develop into a multitude of options. The possibilities are endless! The featured properties are situated on two contiguous lots with more than 15k sf and 4 units each. This allows prospective buyers to qualify for both residential and commercial lending. There are currently 8 existing 3-bedroom detached homes totaling over 10k sf of livable space with ample parking, courtyard, and private yard and patio areas. Both lots are zoned LCR3 and can easily be combined or subdivided depending on owner’s needs.This opportunity boasts a pro forma cap rate over 11%, and an opportunity to develop 30 units at 50k/door. A developer dream; the property is priced at $138/foot and 187k/door. Call now as this opportunity will not last long.

Primary Features

County: Los Angeles
Price/SqFt: 133.76
Property Sub Type: Quadruplex
Property Type: Residential Income
Year Built: 1964
Zoning: LCR3*

Interior

Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area: 1355
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Laundry: yes
Laundry Features: Gas Dryer Hookup, Washer Hookup

External

Carport Spaces: 8
Lot Features: 0-1 Unit/Acre, Yard
Lot Size Area: 30945
Lot Size Source: Assessor
Lot Size Square Feet: 30945
Number Of Buildings: 8
Parking Total: 16
Pool Features: None
Private Pool: no
Property Attached: yes
Sewer: Public Sewer
Uncovered Spaces: 8
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: WATT - Watts
Subdivision Name Other: LA County

Additional

Additional Parcels: no
Community Features: Curbs, Sidewalks, Urban
Days On Market: 191
List Agent State License: 00236524
List Office State License: 01972083
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 8
Number Of Separate Gas Meters: 8
Number Of Separate Water Meters: 1
Number Of Units Leased: 8
Number Of Units Total: 8
Parcel Number: 6137006039
Senior Community: no
Year Built Source: Assessor

Financial

Cap Rate: 2.39
Electric Expense: 1800
Gardener Expense: 600
Gross Multiplier: 20.83
Gross Operating Income: 69120
Gross Scheduled Income: 72000
Insurance Expense: 2015
Land Lease: no
Maintenance Expense: 3600
Maintenance Percent: 5
Net Operating Income: 35899
New Taxes Expense: 18750
Operating Expense: 33221
Price Per Unit: 187500
Professional Management Expense: 3456
Rent Control: yes
Special Listing Conditions: Standard
Tax Census Tract: 5411.00
Tax Lot: F
Tax Tract Number: 578
Tenant Pays: Electricity, Gas
Total Actual Rent: 6000
Total Expenses: 33221
Trash Expense: 1500
Vacancy Allowance Rate: 4
Water Sewer Expense: 1500

Zoning Info


© 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 Thursday, March 28th, 2024.

Based on information from CARETS as of Thursday, March 28th, 2024 01:20:37 PM. 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: AustinLongwell, DRE #00236524 from Lyon Stahl Investment Real Estate, Inc. 310-425-9838

Contact - Listing ID SB20029512

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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