3817 W 21st Street

    Los Angeles (City), CA 90018
    • $1,895,000
    • STATUS: Active
    • ON SITE: 55 days
    • ID#: PW19223993
    UPDATED: 40 min ago
    $1,895,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,852
      SQFT
    • $391
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1912
    County:

    School Ratings & Info

    Description

    Back on market with much improved pricing! A prime multifamily re-positioning opportunity located in a strong core Mid-Los Angeles rental market with tremendous upside. The Property consists of 8 legal one-bedroom/one-bathroom units and features an additional 4 non-conforming units which are currently un-occupied and will be delivered as such - with potential for an additional ~$6,000/month in income! The Property is located in a Tier 2 Transit Oriented Community with parking for approximately 12 vehicles on-site. All calculations including $/SF/GRM etc are based on 8 units.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T12:30:20.533. 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, LA Harbor. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/99141190

    3817 W 21st Street Los Angeles (City), CA 90018

    • Price: $1,895,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: PW19223993
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,852
    SQFT
    $391
    $/SQFT
    1912
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Back on market with much improved pricing! A prime multifamily re-positioning opportunity located in a strong core Mid-Los Angeles rental market with tremendous upside. The Property consists of 8 legal one-bedroom/one-bathroom units and features an additional 4 non-conforming units which are currently un-occupied and will be delivered as such - with potential for an additional ~$6,000/month in income! The Property is located in a Tier 2 Transit Oriented Community with parking for approximately 12 vehicles on-site. All calculations including $/SF/GRM etc are based on 8 units.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source See Remarks Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.80 Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 2252.00 Gardener Expense 600.00 Gross Income 119627.00 Gross Multiplier 15.80 Gross Scheduled Income 119627.00 Insurance Expense 3275.00 Land Lease YN No Laundry YN No Maintenance Expense 6000.00 Net Operating Income 71155.00 New Construction YN No New Taxes Expense 22608.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 44883.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 1200.00 Total Actual Rent 119627.00 Total Expenses 44883.00 Trash Expense 2680.00 Water Sewer Expense 7800.00 Water Source Public Year Built Source Public Records Zoning Lard2

    Listing provided courtesy of Everett Wong of Greysteel


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-14T12:30:20.533. 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, LA Harbor. Licensed in the State of California, USA.
     
    Keller Williams Realty, LA Harbor
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