1049 W 43rd Street,  Los Angeles CA, 90037 (Residential Income)

5,566 sqft
Status: Sold
MLS#: SR14020801
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Last Updated: 12/2/2016 1:03 PM
Description for 1049 W 43rd Street Los Angeles, CA 90037
This is a great rental property generating a terrific cash flow. The property has two buildings, a three unit Spanish triplex and a single-family home Craftsman style located in the back of the property. The property has had many recent renovations in the past year (partial roof, partial plumbing, some new windows). All four units are rented. Tenants pay all utilities except water and sewage. Electric and gas have separate meters for each unit. Very low maintenance and very low expenses, which helps create great cash flow. Located in a super high demand rental area near University of Southern California with a strong potential for higher rents. Closing of escrow must be on or after September 1, 2014.
Price
Sold Price:
$665,000
Sold Date:11/06/2014
Los Angeles
5,566 (approx)
SR14020801
Closed
Description
This is a great rental property generating a terrific cash flow. The property has two buildings, a three unit Spanish triplex and a single-family home Craftsman style located in the back of the property. The property has had many recent renovations in the past year (partial roof, partial plumbing, some new windows). All four units are rented. Tenants pay all utilities except water and sewage. Electric and gas have separate meters for each unit. Very low maintenance and very low expenses, which helps create great cash flow. Located in a super high demand rental area near University of Southern California with a strong potential for higher rents. Closing of escrow must be on or after September 1, 2014.
Listing Information
Property Type: Cluster, Spanish, Craftsman, 2 Story
0.16 Acres 5,566 (approx)
1960 2
Common Hot Water Heater, Public Water Service
Sewer Connected
4 Total
Neighborhood
Room Information
Dryer Connection
Interior Features
Carpet and Other, Laminate, Linoleum
Wall Unit
Exterior / Lot Features
4 Parking Spaces, On Site
None
No Pool
Gutters, Sidewalks, Curbs Walk, Urban
Driving Directions
S Vermont to west on W Vernon
Financial Considerations
5020026002
$68,940 Income ,$14,188Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90037 has a population of 3,804,503.

The median household income in Los Angeles, California 90037 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90037 is 34.1 years.

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Courtesy: Mills Realty of California Simon Mills
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