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5739 Ruthelen St

Los Angeles, CA 90062
  • $860,000
  • STATUS: Active
  • ON SITE: 68 days
  • MLS #: 21-720146
Price Reduced
UPDATED: 59 min ago
$860,000
  • 8
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,064
    SQFT
  • $281
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1938
County:

School Ratings & Info

Description

Price reduction bring offers for this well-located Chesterfield Square triplex listing at 5739 Ruthelen Street, LA 90062. Featuring a good unit mix with one 4 bedroom 2 bath unit and two 2 bedroom one bath units with 3,064 total rentable SF. Current gross income of $5,031/mth; $60,372/yr with approximately 31% rent upside and proforma rent of $7,200/mth; $86,400/yr. Located in an Opportunity Zone for potential tax benefits. The property was built in 1938; the lot size is 6,080sf (zoned R2; TOC Tier 2). The property is located on a beautiful palm-lined street only a short walk from Chesterfield Square Park; Van Ness Recreation Center, and directly adjacent to the Home Depot & Food 4 Less anchored Slauson Super Mall. This property presents a great value-add investment opportunity with stable in-place income + fantastic rent upside in a rapidly appreciating central LA location.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T16:44:45.263. 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/116210068
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5739 Ruthelen St Los Angeles, CA 90062

  • Price: $860,000
  • Status: Active
  • Updated: 59 min ago
  • MLS #: 21-720146
8
Beds
0
Baths
0
½ Baths
0.14
Acres
3,064
SQFT
$281
$/SQFT
1938
Built
Neighborhood:
Park Hills Heights
County:
Los Angeles
Area:
Park Hills Heights
Property Description
Price reduction bring offers for this well-located Chesterfield Square triplex listing at 5739 Ruthelen Street, LA 90062. Featuring a good unit mix with one 4 bedroom 2 bath unit and two 2 bedroom one bath units with 3,064 total rentable SF. Current gross income of $5,031/mth; $60,372/yr with approximately 31% rent upside and proforma rent of $7,200/mth; $86,400/yr. Located in an Opportunity Zone for potential tax benefits. The property was built in 1938; the lot size is 6,080sf (zoned R2; TOC Tier 2). The property is located on a beautiful palm-lined street only a short walk from Chesterfield Square Park; Van Ness Recreation Center, and directly adjacent to the Home Depot & Food 4 Less anchored Slauson Super Mall. This property presents a great value-add investment opportunity with stable in-place income + fantastic rent upside in a rapidly appreciating central LA location.
Exterior Features

Carport Spaces Total 0 Covered Parking 0 Cross Streets Slauson Avenue & Ruthelen Street Direction Faces East Entry Location Ground Level W/Steps Exterior Construction Stucco Levels Two Lot Size Area 6080 Other Structures None Parking Garage Garage Pool Description None Pool YN No Spa None Spa YN No Sprinklers None Total Parking 3 View Description City View YN Yes

Interior Features

Baths Total 4.00 Cooking Appliances Gas/Electric RangeMicrowave Cooling None Equipment Built-InsMicrowaveCable Fireplace Rooms None Flooring LaminateCarpet Heating Wall Water Heater Features Water Heater Unit

Property Features

Alley YN Yes Assessed Total Value 380044 Gross Income 60372 Gross Operating Income 60372 Like Units1 1 Like Units2 1 Like Units3 1 Monthly Gross Income 5031.00 Net Operating Income 37427.00 Number Of Buildings 2 Number Of Units 3 Owner Pays Water Rent Control YN Yes Sale Type Standard Security Features None Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 21134 Type Of Units Rental Water Public Water Heaters YN Yes Year Built Source Assessor Zoning Lar2

Listing provided courtesy of Matthew Dunfrund DRE# of Keller Williams Realty Los Feliz.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T16:44:45.263. 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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