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    3411 Drew Street

    Los Angeles (City), CA 90065
    • $6,779,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: EV20218353
    UPDATED: 37 min ago
    $6,779,000
    • 0
      BEDS
    • 0.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,207
      SQFT
    • $292
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    BACK ON THE MARKET ! Two buildings on seperate lots that can be sold together or individually. 3407 Drew St. for $3,599,000 and 3411 Drew St. for $3,299,000 or together for $6,799,000. Please see the offering memorandum for individual property P&L and details. Both are Bread 'n Butter units in pleasant easy to commute neighborhood.Re-surfaced roofs on both buildings. Automatic security gate. Onsite parking. Security camera system monitors public areas. Newly painted exterior on 3411 which consists of five 1-bedroom, 1-bath; two 2-bedrooms, 1-bath and nine 2-bedroom, 1.5-bath townhouse style apartments with upstairs balconies. Interior of units in very good condition. Well maitained buildings. Shown on accepted offers only. PLEASE do not disturb tenants. Offering memorandum attached.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-26T08:26:34.477. 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/111109249
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    3411 Drew Street Los Angeles (City), CA 90065

    • Price: $6,779,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: EV20218353
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.62
    Acres
    23,207
    SQFT
    $292
    $/SQFT
    1961
    Built
    Neighborhood:
    623 - Glassel Park
    County:
    Los Angeles
    Area:
    623 - Glassel Park
    Property Description
    BACK ON THE MARKET ! Two buildings on seperate lots that can be sold together or individually. 3407 Drew St. for $3,599,000 and 3411 Drew St. for $3,299,000 or together for $6,799,000. Please see the offering memorandum for individual property P&L and details. Both are Bread 'n Butter units in pleasant easy to commute neighborhood.Re-surfaced roofs on both buildings. Automatic security gate. Onsite parking. Security camera system monitors public areas. Newly painted exterior on 3411 which consists of five 1-bedroom, 1-bath; two 2-bedrooms, 1-bath and nine 2-bedroom, 1.5-bath townhouse style apartments with upstairs balconies. Interior of units in very good condition. Well maitained buildings. Shown on accepted offers only. PLEASE do not disturb tenants. Offering memorandum attached.
    Exterior Features

    Fence YN Yes Fencing MasonrySecurityWrought Iron Garage Spaces 0.00 Lot Features 31-35 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedAttached CarportDrivewayPavedDriveway LevelParking Space Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels Description 5459010005 Additional Parcels YN Yes Building Area Units Square Feet Cap Rate 4.65 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 485998.00 Gross Multiplier 13.99 Gross Operating Income 471418.00 Gross Scheduled Income 485998.00 Insurance Expense 6963.00 Land Lease YN No Laundry YN Yes Maintenance Expense 36370.00 Net Operating Income 316173.00 New Construction YN No New Taxes Expense 24861.00 Number Of Separate Electric Meters 33 Number Of Separate Gas Meters 33 Number Of Separate Water Meters 2 Operating Expense 155245.00 Operating Expense Percent 33.80 Professional Management Expense 24568.00 Rent Control YN Yes Security Features Automatic Gate Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other 3122 Total Expenses 155245.00 Trash Expense 25262.00 Vacancy Allowance 14579 Vacancy Allowance Rate 3.00 Water Sewer Expense 24592.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Daniel Corcoran of Corcoran Group Of California Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-26T08:26:34.477. 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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