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    318 Cornwell St

    Los Angeles (City), CA 90033
    • $1,350,000
    • STATUS: Active Under Contract
    • ON SITE: 33 days
    • ID#: CV21179679
    Under Contract
    UPDATED: 226 min ago
    $1,350,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Opportunity Knocking! Large Quadruplex totaling 4,796 square feet in Prime Boyle Heights Location. Four 2bed 1ba units features include large openfloor plans, indoor laundry rooms, and small porches each unit approximately 1199 square feet. Individually metered for gas and electricity and includes 4 car ports. Lot size is 6,572 square feet and is zoned LAR-3. There is a strong rental market with lot's of upside potential. Owner pays for water, trash and landscaping. The property is centrally located and is in walking distance to schools, shopping and easy access to Downtown LA via the 10frwy. Property will be Sold in it's ( As Is condition.)

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/120608021
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    318 Cornwell St Los Angeles (City), CA 90033

    • Price: $1,350,000
    • Status: Active Under Contract
    • Updated: 226 min ago
    • ID#: CV21179679
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1924
    Built
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    Opportunity Knocking! Large Quadruplex totaling 4,796 square feet in Prime Boyle Heights Location. Four 2bed 1ba units features include large openfloor plans, indoor laundry rooms, and small porches each unit approximately 1199 square feet. Individually metered for gas and electricity and includes 4 car ports. Lot size is 6,572 square feet and is zoned LAR-3. There is a strong rental market with lot's of upside potential. Owner pays for water, trash and landscaping. The property is centrally located and is in walking distance to schools, shopping and easy access to Downtown LA via the 10frwy. Property will be Sold in it's ( As Is condition.)
    Exterior Features

    Carport Spaces 4 Carport YN Yes Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Parking Features Detached Carport Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Tar/Gravel Spa Features None Spa YN No

    Interior Features

    Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring VinylWood Heating Floor Furnace Heating YN Yes Interior Features Multiple Staircases

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Suburban Contingency Buyer's To Cooperate With Seller's 1031 Exchange At No Cost To Them. Current Financing None Disclosures City Inspection RequiredRent Control Garage YN No Gross Income 40992 Gross Scheduled Income 40992 Insurance Expense 1800 Land Lease YN No Laundry Features Laundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 36362 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 4630 Possession Close Of Escrow Property Sub Type Quadruplex Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 3416 Trash Expense 700 Utilities Electricity ConnectedNatural Gas Connected Water Sewer Expense 1800 Water Source Public Zoning Lar-3

    Listing provided courtesy of Ignacio Sanchez of Mgr Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay. Licensed in the State of California, USA.
     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, South Bay
    23670 Hawthorne Blvd. #100
    Torrance CA, 90505