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2047 Cambridge Street

Los Angeles (City), CA 90006
  • $1,275,000
  • STATUS: Pending
  • ON SITE: 127 Days
  • ID#: CV21131602
Pending
$1,275,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1914
County:

School Ratings & Info

Description

We are pleased to present this 4+2 non-conforming unit investment property located 3 miles west of Staples Center and Downtown Los Angeles. The property consists of (3) 2 Bed/1 Bath units, (2) non-conforming 2 Bed/1 Bath Units & (1) 1 Bed/1 Bath Unit. The property comprises two structures, a two-story building built in 1914 (permitted), and a single-story building built in 2001. Permits can not be found for the building built in 2001. The city has completed their yearly inspections on the property and no current violations exist. Buyer and Buyer's Agent to complete their own investigations. Tenants enjoy a gated and private entryway, as well as an onsite coin-operated laundry facility which provides extra income for the owner. A multitude of capital improvements have been completed such as copper plumbing throughout, renovated interiors, hardscape, and a new gated entry. This is a true value-add deal for a savvy investor. With its proximity to entertainment, a densely populated job market, and a plethora of landmarks, this property offers potential for growth in the short, and long term.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/118454111
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2047 Cambridge Street Los Angeles (City), CA 90006

  • Price: $1,275,000
  • Status: Pending
  • ID#: CV21131602
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1914
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
We are pleased to present this 4+2 non-conforming unit investment property located 3 miles west of Staples Center and Downtown Los Angeles. The property consists of (3) 2 Bed/1 Bath units, (2) non-conforming 2 Bed/1 Bath Units & (1) 1 Bed/1 Bath Unit. The property comprises two structures, a two-story building built in 1914 (permitted), and a single-story building built in 2001. Permits can not be found for the building built in 2001. The city has completed their yearly inspections on the property and no current violations exist. Buyer and Buyer's Agent to complete their own investigations. Tenants enjoy a gated and private entryway, as well as an onsite coin-operated laundry facility which provides extra income for the owner. A multitude of capital improvements have been completed such as copper plumbing throughout, renovated interiors, hardscape, and a new gated entry. This is a true value-add deal for a savvy investor. With its proximity to entertainment, a densely populated job market, and a plethora of landmarks, this property offers potential for growth in the short, and long term.
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 6.15 Common Interest None Community Features CurbsGutter(S)Sidewalks Electric Expense 120 Fuel Expense 2100 Garage YN No Gross Income 111549 Gross Scheduled Income 111549 Insurance Expense 1457 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 6492 Net Operating Income 78366 New Construction YN No New Taxes Expense 14918 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 29837 Other Expense 900 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityTrash Collection Total Actual Rent 9096 Trash Expense 0 Vacancy Allowance 3346 Water Sewer Expense 3850 Water Source Public Zoning Lar2

Listing provided courtesy of Kristopher German of Re/Max 2000 Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 Keller Williams Realty. Licensed in the State of California, USA.
 
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