1820 S Highland Avenue,  Los Angeles CA, 90019 (Residential Income)

3,594 sqft
Status: Sold
MLS#: 15894451
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Last Updated: 12/7/2016 10:13 AM
Description for 1820 S Highland Avenue Los Angeles, CA 90019
Attention Investors! Great "bread and butter" 4-plex in convenient mid-city location. Strong cash flow and very low operating expenses. Currently estimated to deliver positive cash flow with standard 30% down. Each unit is separately metered for gas, electric and water. Landlord pays NO common area utilities. Building was upgraded in 2008 - Upgrades include; custom cabinets, granite counters in kitchens, remodeled baths and earthquake retrofits. Units feature a light and bright open floor plan (views from the upper units), hardwood, original details and very desirable in-unit washer/dryer. There is even a full basement for extra storage. The Property also has 4 garages that can be rented out for extra income (currently used for landlord storage). The building is conveniently close to public transportation, the 10 freeway and the Westside. PLEASE DO NOT DISTURB TENANTS OR WALK ON PROPERTY. Interior shown with accepted Offer. "Sister building" next door recently sold for $1,155,000!
Price
Sold Price:
$816,000
Sold Date:06/17/2015
Los Angeles
3,594 (approx)
15894451
Closed
Description
Attention Investors! Great "bread and butter" 4-plex in convenient mid-city location. Strong cash flow and very low operating expenses. Currently estimated to deliver positive cash flow with standard 30% down. Each unit is separately metered for gas, electric and water. Landlord pays NO common area utilities. Building was upgraded in 2008 - Upgrades include; custom cabinets, granite counters in kitchens, remodeled baths and earthquake retrofits. Units feature a light and bright open floor plan (views from the upper units), hardwood, original details and very desirable in-unit washer/dryer. There is even a full basement for extra storage. The Property also has 4 garages that can be rented out for extra income (currently used for landlord storage). The building is conveniently close to public transportation, the 10 freeway and the Westside. PLEASE DO NOT DISTURB TENANTS OR WALK ON PROPERTY. Interior shown with accepted Offer. "Sister building" next door recently sold for $1,155,000!
Listing Information
Property Type: Cluster, Other
0.14 Acres 6,221 sq.ft. 3,594 (approx)
1903 Yes- 4 spaces
4 Total
Neighborhood
Room Information
Gas Dryer Hookup
Interior Features
Refrigerator
None
Exterior / Lot Features
4 Garage Spaces, 4 Parking Spaces, Garage
LARD1.5
Driving Directions
East of La Brea and north of Washington. For some reason Google Maps and other GPS systems are sometimes incorrect with mapping to this address. Property is close to La Brea and Washington.
Financial Considerations
5067011027
,$12,977
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90019 has a population of 3,804,503.

The median household income in Los Angeles, California 90019 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 90019 is 34.1 years.

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Courtesy: Cap Equity Realty Robert Baer
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Information is deemed reliable but is not guaranteed.

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