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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

4938 Gambier Street is a four-unit apartment property in Los Angeles desirable El Sereno neighborhood, where the median home price has increased 8.5% in just the past year. The property is located two blocks from El Sereno Middle School and two miles from Cal State Los Angeles and the 710 and 10 freeways.4938 Gambier Street is a 1920 construction that consists of two duplexes with all two-bedroom one-bath units and all units are separately metered for gas and electricity. The property also offers in-unit laundry hookups, eight surface parking spaces, and an underutilized back patio. Recent improvements include new electrical panels.This offering presents a great opportunity for an astute investor to acquire an asset in an up-and-coming neighborhood, reposition the property, and capture substantial rental upside.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T14:29:29.19. 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/119646700
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4938 Gambier Street Los Angeles (City), CA 90032

  • Price: $990,000
  • Status: Active
  • Updated: 50 min ago
  • ID#: PW21161683
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1920
Built
Neighborhood:
621 - El Sereno
County:
Los Angeles
Area:
621 - El Sereno
Property Description
4938 Gambier Street is a four-unit apartment property in Los Angeles desirable El Sereno neighborhood, where the median home price has increased 8.5% in just the past year. The property is located two blocks from El Sereno Middle School and two miles from Cal State Los Angeles and the 710 and 10 freeways.4938 Gambier Street is a 1920 construction that consists of two duplexes with all two-bedroom one-bath units and all units are separately metered for gas and electricity. The property also offers in-unit laundry hookups, eight surface parking spaces, and an underutilized back patio. Recent improvements include new electrical panels.This offering presents a great opportunity for an astute investor to acquire an asset in an up-and-coming neighborhood, reposition the property, and capture substantial rental upside.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 4 Open Parking Spaces 8 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 60770 Gross Scheduled Income 60770 Insurance Expense 0 Land Lease YN No Laundry Features Washer HookupElectric Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 39706 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 19491 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lard3

Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker and David O'keefe of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T14:29:29.19. 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