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2911 5TH Ave

Los Angeles, CA 90018
  • $1,175,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 22-146131
UPDATED: 40 min ago
$1,175,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,443
    SQFT
  • $481
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

School District:

Description

FHA Qualified. Great investment property. Property has a duplex in front, each is 1bedroom, 1 bath. One of the front units has been upgraded. Single standing unit in rear is a 2 bedroom one bath. 2-car garage in the rear is zoned and perfect area for ADU. Property is zoned for multiple units, in which you can add to the top of the existing structures, or remove all structures and add multiple units of (6-12, verify the building zoning code). Property is also zoned for a Group Home or Child Care services. Property has very nice curb appeal and endless, investment future potential. Please do not disturb the tenants nor walk the property. CDC mandated guidelines will apply. Unit 1 is available for showing. Unit 2, with appropriate non-refundable deposit, can be vacant upon closing. Unit 3 Contract will be expiring in 8 months.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T20:42:59.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/127683936
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2911 5TH Ave Los Angeles, CA 90018

  • Price: $1,175,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 40 min ago
  • MLS #: 22-146131
4
Beds
0
Baths
0
½ Baths
0.17
Acres
2,443
SQFT
$481
$/SQFT
1924
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
School District:
Los Angeles Unified
Property Description
FHA Qualified. Great investment property. Property has a duplex in front, each is 1bedroom, 1 bath. One of the front units has been upgraded. Single standing unit in rear is a 2 bedroom one bath. 2-car garage in the rear is zoned and perfect area for ADU. Property is zoned for multiple units, in which you can add to the top of the existing structures, or remove all structures and add multiple units of (6-12, verify the building zoning code). Property is also zoned for a Group Home or Child Care services. Property has very nice curb appeal and endless, investment future potential. Please do not disturb the tenants nor walk the property. CDC mandated guidelines will apply. Unit 1 is available for showing. Unit 2, with appropriate non-refundable deposit, can be vacant upon closing. Unit 3 Contract will be expiring in 8 months.
Exterior Features

Direction Faces East Entry Location Ground Level W/Steps Exterior Construction Stucco Garage Structures Total 1 Levels One Lot Description Back YardExterior Security LightsFront YardGuttersLandscapedLawnLot Shape-RectangularSidewalksStreet AsphaltStreet LightingStreet PavedYardWalk Street Lot Size Area 7504 Other Structures None Parking Garage Covered ParkingGarage Is Detached Roof FlatSpanish Tile Sprinklers Sprinkler Timer Style Spanish Total Parking 3

Interior Features

Bathroom Features Shower Over Tub Baths Total 3.00 Cooling None Equipment Ceiling FanGas Or Electric Dryer HookupHood Fan Flooring CarpetCeramic TileLaminateLinoleum Foundation Details Raised Heating Wall Interior Features Common WallsCrown Moldings Kitchen Features PantryCounter TopTile Counters Laundry In Unit Water Heater Features Gas Windows Window BlindsWindow Shutters

Property Features

ADACompliance No Alley YN No Assessed Total Value 243597 Electric Expense 490.00 Gardener Expense 650.00 Gross Income 61200 Gross Operating Income 61200 Insurance Expense 2100.00 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Maintenance Expense 650.00 Net Operating Income 52574.00 Number Of Buildings 2 Number Of Units 3 Owner Pays ElectricityGardenerWater Sale Type Standard Security Features Fire And Smoke Detection SystemExterior Security LightsCarbon Monoxide Detector(S)Fire Rated DrywallSmoke DetectorWindow Bars Sewer In Street Source Living Area Appraiser Source Lot Size Area Vendor Enhanced Tenant Pays Cable TvElectricityGasMove In FeeMove Out Fee Total Annual Expense 8626 TVServices Cable Tv Type Of Units 2/1 Water Water District Water Expense 1440.00 Water Heaters YN Yes Year Built Source Assessor Zoning Lard3

Listing provided courtesy of Leon Clayton DRE#00873654 of Clayton & Associates Realtors.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T20:42:59.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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