21833 Verne Avenue

    Hawaiian Gardens, CA 90761
    • $5,500,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: OC19005412
    UPDATED: 40 min ago
    $5,500,000
    • 0
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,186
      SQFT
    • $362
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    Cypress Villas is well maintained apartment community located in Hawaiian Gardens. Featuring a unique unit mix of all Townhouse Style apartments the property offers the potential to increase the income by nearly 17 (%) per cent. The units are all electric and individually metered while the building has a central water heating system and community laundry room. Parking consists of 32 secured spaces.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T20:39:27.957. 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. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/90690209

    21833 Verne Avenue Hawaiian Gardens, CA 90761

    • Price: $5,500,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: OC19005412
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    15,186
    SQFT
    $362
    $/SQFT
    1973
    Built
    Neighborhood:
    54 - Hawaiian Gardens
    County:
    Los Angeles
    Area:
    54 - Hawaiian Gardens
    Property Description
    Cypress Villas is well maintained apartment community located in Hawaiian Gardens. Featuring a unique unit mix of all Townhouse Style apartments the property offers the potential to increase the income by nearly 17 (%) per cent. The units are all electric and individually metered while the building has a central water heating system and community laundry room. Parking consists of 32 secured spaces.
    Exterior Features

    Carport Spaces 32.00 Garage Spaces 0.00 Lot Features 36-40 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Total 32.00 Pool Features None Pool Private YN No Property Attached 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 1 Common Wall Laundry Features Community

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 5757.00 Elevation Units Feet Fuel Expense 2900.00 Gardener Expense 2340.00 Gross Income 403596.00 Gross Operating Income 391488.00 Gross Scheduled Income 403596.00 Insurance Expense 5500.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 150.00 Laundry YN Yes Maintenance Expense 9000.00 Net Operating Income 213241.00 New Construction YN No New Taxes Expense 64874.00 Number Of Separate Electric Meters 23 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 22 Operating Expense 121176.00 Operating Expense Percent 32.00 Other Expense 4181.00 Other Expense Description Misc. Professional Management Expense 15585.00 Rent Control YN No Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Total Expenses 121176.00 Trash Expense 3700.00 Vacancy Allowance 12108 Vacancy Allowance Rate 3.00 Water Sewer Expense 9500.00 Water Source Private Year Built Source Assessor

    Listing provided courtesy of Mike Marcu of Mike Marcu, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T20:39:27.957. 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. Licensed in the State of California, USA.
     
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