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427 E 118th Place

Los Angeles (City), CA 90061
  • $575,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: SB22090546
UPDATED: 43 min ago
$575,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Listing Agent(s): Gabriela Bermudez of Las Lomas Realty, Inc. (310-534-5040)


Description

Fantastic Opportunity to own a charming income property in the City of Los Angeles with tons of potential. The front 2 bedroom/1 bathroom unit with its excellent curb appeal as well as the 3 bedroom/2 bathroom back unit are well maintained, separately metered for gas and electricity, and gated for privacy. Large lot with the potential to add an ADU in the back. A long driveway leads to the back of the units with two carports and two additional private parking spaces. Conveniently located close to the 105 freeway, Downtown LA, and LAX, this property will not last on the market, so HURRY. Please Drive-by only and DO NOT disturb the tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-19T23:30:44.243. 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 or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128330251
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427 E 118th Place Los Angeles (City), CA 90061

  • Price: $575,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 43 min ago
  • ID#: SB22090546
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1941
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
Fantastic Opportunity to own a charming income property in the City of Los Angeles with tons of potential. The front 2 bedroom/1 bathroom unit with its excellent curb appeal as well as the 3 bedroom/2 bathroom back unit are well maintained, separately metered for gas and electricity, and gated for privacy. Large lot with the potential to add an ADU in the back. A long driveway leads to the back of the units with two carports and two additional private parking spaces. Conveniently located close to the 105 freeway, Downtown LA, and LAX, this property will not last on the market, so HURRY. Please Drive-by only and DO NOT disturb the tenants.
Exterior Features

Architectural Style Contemporary Carport Spaces 2 Carport YN Yes Construction Materials Stucco Exterior Features Lighting Fencing Chain Link Foundation Details Raised Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Open Parking Spaces 2 Other Structures Shed(S) Parking Features CoveredDrivewayPrivateOne Space Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Accessibility Features Parking Common Walls No Common Walls Fireplace Features None Fireplace YN No Flooring CarpetTileWood Heating Wall Furnace Heating YN Yes Interior Features All Bedrooms Down Window Features Bay Window(S)Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street LightsSuburbanSidewalks Current Financing None Disclosures Rent Control Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 22800 Gross Scheduled Income 22920 Insurance Expense 950 Land Lease YN No Laundry Features Laundry Room Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional1031 ExchangeFhaFreddie MacGovernment LoanVa Loan Net Operating Income 21800 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 1120 Other Equipment Satellite Dish Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Sewer Private Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 50 Water Sewer Expense 120 Water Source Public Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-19T23:30:44.243. 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 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): Gabriela Bermudez of Las Lomas Realty, Inc. (310-534-5040)