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2904 W 14th Street

Los Angeles (City), CA 90006
  • $1,750,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: IN22082122
UPDATED: 28 min ago
$1,750,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): Sharon Chong of Real Estate Source Inc (916-307-3444)


Description

Same owner for 33 years, multifamily (9BR & 8BA) investment located in Koreatown, Los Angeles. Huge rental upside potential, tenants own refrigerator and gas oven, the owner bears no responsibility to repair or replace. The property is 100% occupied and collections have been 100% throughout Covid. 24/7 CCTV Security Camera. New roof in 2019 with a guarantee certificate. Building amenities include on-site parking in the rear (currently 8 cars parked) and in-unit washer hookups except 0+1. Unit 0+1 bachelor, no kitchen - owner pays hot water gas bill $10 per month. Owner occupied one unit to be delivered with a storage. Situated between two major streets Western Ave and Pico Blvd the building is walking distance to an elementary school, high school, strip shopping mall, and restaurants. Easy access to public transportation options which include bus stops and Wilshire/Western Stations Metro B line (Red). Adjacent to USC, LA Downtown, Fashion District, Crypto.com Arena.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T21:30:18.813. 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 The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128289549
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2904 W 14th Street Los Angeles (City), CA 90006

  • Price: $1,750,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 28 min ago
  • ID#: IN22082122
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1961
Built
Neighborhood:
KREA - Koreatown
County:
Los Angeles
Area:
KREA - Koreatown
Property Description
Same owner for 33 years, multifamily (9BR & 8BA) investment located in Koreatown, Los Angeles. Huge rental upside potential, tenants own refrigerator and gas oven, the owner bears no responsibility to repair or replace. The property is 100% occupied and collections have been 100% throughout Covid. 24/7 CCTV Security Camera. New roof in 2019 with a guarantee certificate. Building amenities include on-site parking in the rear (currently 8 cars parked) and in-unit washer hookups except 0+1. Unit 0+1 bachelor, no kitchen - owner pays hot water gas bill $10 per month. Owner occupied one unit to be delivered with a storage. Situated between two major streets Western Ave and Pico Blvd the building is walking distance to an elementary school, high school, strip shopping mall, and restaurants. Easy access to public transportation options which include bus stops and Wilshire/Western Stations Metro B line (Red). Adjacent to USC, LA Downtown, Fashion District, Crypto.com Arena.
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 7 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.07 Common Interest None Community Features Urban Contingency Private Remarks: Email OffersProof Of Funds And The Letter Of Pre Approval From The Lender To Sharonjchong@Gmail.Com. Buyers' Obligation To Verify All Facts To His Or Her Own Satisfaction. Please Text Sharon Chong With Any Questions (818) 450-7045. Do Not Disturb Tenants. Fuel Expense 120 Garage YN No Gross Income 0 Gross Scheduled Income 106776 Insurance Expense 1933 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 1290 Net Operating Income 71275 New Construction YN No New Taxes Expense 20550 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 35501 Other Expense 7373 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 8898.02 Trash Expense 3135 Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 0 Water Source Public Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T21:30:18.813. 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 The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Sharon Chong of Real Estate Source Inc (916-307-3444)