1824 S Highland Avenue,  Los Angeles CA, 90019 (Residential Income)

4,708 sqft
Status: Sold
MLS#: 15818799
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Last Updated: 12/11/2016 1:59 AM
Description for 1824 S Highland Avenue Los Angeles, CA 90019
Attention Investors! Great "bread and butter" 4-plex in convenient mid-city location. All units are highly desirable 3 Bedroom and 1.5 Bath. Strong cash flow and very low operating expenses. Currently estimated to deliver nearly $2,000 month in positive cash flow with 30% down (see marketing package for details). Each unit is separately metered for gas, electric and water. Building was upgraded in 2008 - Upgrades include; remodeled kitchens/baths, newer roof, copper plumbing, and electrical. Each apartment even has its own washer/dryer hook-up. The Property also has 4 garages that can be rented out for extra income. All tenants are on month-to-month leases. 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. For some reason Google Maps and other GPS systems are incorrect with directions to this address. Property is close to La Brea and Washington.
Price
Sold Price:
$1,155,000
Sold Date:03/27/2015
Los Angeles
4,708 (approx)
15818799
Closed
Description
Attention Investors! Great "bread and butter" 4-plex in convenient mid-city location. All units are highly desirable 3 Bedroom and 1.5 Bath. Strong cash flow and very low operating expenses. Currently estimated to deliver nearly $2,000 month in positive cash flow with 30% down (see marketing package for details). Each unit is separately metered for gas, electric and water. Building was upgraded in 2008 - Upgrades include; remodeled kitchens/baths, newer roof, copper plumbing, and electrical. Each apartment even has its own washer/dryer hook-up. The Property also has 4 garages that can be rented out for extra income. All tenants are on month-to-month leases. 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. For some reason Google Maps and other GPS systems are incorrect with directions to this address. Property is close to La Brea and Washington.
Listing Information
Property Type: Cluster, Other
0.15 Acres 4,708 (approx)
1920 Yes- 4 spaces
4 Total
Neighborhood
Room Information
Interior Features
None
Exterior / Lot Features
4 Garage Spaces, 4 Parking Spaces, Assigned Parking Space, Garage
LARD1.5
Driving Directions
East of La Brea and north of Washington. For some reason Google Maps and other GPS systems are incorrect with directions to this address.
Financial Considerations
5067011028
$15,347
,$17,748
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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