911 Leonard Place

    County - Los Angeles, CA 90022
    • $1,592,000
    • STATUS: Active
    • ON SITE: 91 days
    • ID#: CV19217945
    UPDATED: 26 min ago
    $1,592,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,715
      SQFT
    • $279
      $/SQFT
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    5.8% CAP! Spanish townhouse style apartments, most units are 2 story with cathedral ceiling. Mix of 2 and 1- bedroom for 7 units total. Great character and unique Spanish architecture translates to higher rent potential and EASY CONDO OR TIC conversion. Continue collecting strong rent for now and convert later. New main electrical panel and sub-panels. 1 unit fully remodeled. All units separately metered for gas and electric. Family oriented neighborhood walking distance to Ross, Target, food trucks, Starbucks etc.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-15T18:26:41.487. 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 Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/98971113

    911 Leonard Place County - Los Angeles, CA 90022

    • Price: $1,592,000
    • Status: Active
    • Updated: 26 min ago
    • ID#: CV19217945
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,715
    SQFT
    $279
    $/SQFT
    1928
    Built
    Neighborhood:
    CO - Los Angeles (County)
    County:
    Los Angeles
    Area:
    CO - Los Angeles (County)
    Property Description
    5.8% CAP! Spanish townhouse style apartments, most units are 2 story with cathedral ceiling. Mix of 2 and 1- bedroom for 7 units total. Great character and unique Spanish architecture translates to higher rent potential and EASY CONDO OR TIC conversion. Continue collecting strong rent for now and convert later. New main electrical panel and sub-panels. 1 unit fully remodeled. All units separately metered for gas and electric. Family oriented neighborhood walking distance to Ross, Target, food trucks, Starbucks etc.
    Exterior Features

    Construction Materials BrickStucco Garage Spaces 5.00 Lot Features Corner LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage - Single Door Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Shingle

    Interior Features

    Appliances Water Heater Appliances YN Yes 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 WallNo One AboveNo One Below Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall FurnaceNatural Gas Heating YN Yes Interior Features Beamed CeilingsCathedral Ceiling(S) Laundry Features Gas & Electric Dryer Hookup Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.80 Community Features SidewalksUrban Country Us Electric Standard Elevation Units Feet Gardener Expense 480.00 Gross Income 121308.00 Gross Multiplier 13.39 Gross Operating Income 118882.00 Gross Scheduled Income 121308.00 Insurance Expense 2796.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1722.00 Net Operating Income 93617.00 New Construction YN No New Taxes Expense 15941.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 25265.00 Operating Expense Percent 0.00 Professional Management Expense 0.00 Property Condition Repairs Cosmetic Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 121308.00 Total Expenses 25265.00 Trash Expense 0.00 Vacancy Allowance 2426 Vacancy Allowance Rate 2.00 Water Sewer Expense 4326.00 Water Source Public Year Built Source Assessor Zoning Lcr3yy

    Listing provided courtesy of Robert Perez of Robert Perez, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-15T18:26:41.487. 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 Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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