2965 Arlington Avenue

    Los Angeles (City), CA 90018
    • $879,000
    • STATUS: Pending
    • ON SITE: 145 days
    • ID#: 18412162
    Pending
    $879,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,562
      SQFT
    • $343
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Prime Renovation Opportunity in Historic Jefferson Park HPOZ! Current owners vacated the property and renovated the detached 2-Bedroom/2-Bathroom rear unit completely - will be delivered Move-in ready! There are two side-by-side 1-Bed/1-Bath townhouse style units on 30th St, and the owner has plans to convert to two 2-Bedroom/2-Bathroom Townhouse units, plans are included. Perfect small-scale renovation project with ability to owner-occupy the 2+2 unit or immediately lease at market rate rents. Jefferson Park is experiencing a surge with many nearby properties already renovated and extremely high rental demand. Located in close proximity to the 10 Freeway for easy access to DTLA or the Westside. Do not miss this opportunity!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-26T00:41:22.243. 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/89791539

    2965 Arlington Avenue Los Angeles (City), CA 90018

    • Price: $879,000
    • Status: Pending
    • ID#: 18412162
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,562
    SQFT
    $343
    $/SQFT
    1923
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Prime Renovation Opportunity in Historic Jefferson Park HPOZ! Current owners vacated the property and renovated the detached 2-Bedroom/2-Bathroom rear unit completely - will be delivered Move-in ready! There are two side-by-side 1-Bed/1-Bath townhouse style units on 30th St, and the owner has plans to convert to two 2-Bedroom/2-Bathroom Townhouse units, plans are included. Perfect small-scale renovation project with ability to owner-occupy the 2+2 unit or immediately lease at market rate rents. Jefferson Park is experiencing a surge with many nearby properties already renovated and extremely high rental demand. Located in close proximity to the 10 Freeway for easy access to DTLA or the Westside. Do not miss this opportunity!
    Exterior Features

    Garage Spaces 2.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features StreetGarage - Two Door Parking Total 2.00 Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Cap Rate 6.60 Gross Multiplier 9.39 Gross Operating Income 79560.00 Improvements Amount 126294 Land Value 140326 Laundry YN No Net Operating Income 58362.00 Special Listing Conditions Standard Total Expenses 21198.00 Zoning Lar1

    Listing provided courtesy of Michael R. Fukushima of Keller Williams Downtown La and Grace Feng of Keller Williams Downtown La


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-26T00:41:22.243. 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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