1927 Clyde Avenue,  Los Angeles CA, 90019 (Residential Income)

3,590 sqft
Status: Sold
MLS#: SB15166677
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Last Updated: 12/5/2016 2:43 PM
Description for 1927 Clyde Avenue Los Angeles, CA 90019
This great 6 unit apartment is located at 1927 Clyde Avenue in Mid-City 90019, one of LA's hottest submarkets. The property has two 2 bedroom 1 bath units, and four 1 bedroom 1 bath units with 3,590 total rentable SF. At the $999,995 list price, it's: $167,000/unit; a 12.45 current GRM with current income of $6,695/mth; $80,340/yr; a 10.68 market GRM; a 5.19% current CAP, and $279/SF. The property was built in 1953, and the lot size is 6,677 SF. There are 5 off-street parking spaces in the rear of the property. There' s also a bonus room that was previously a large laundry room, but isn't being used currently. You could easily add those washer/dryers back, and made $100-$200/mth of extra income. The property is located at the end of a quiet residential street directly south of Venice Blvd between Fairfax & Hauser Blvd in Mid-City LA (90019). The property is in close proximity to the 10 freeway, and the Culver City Arts District also. This property is priced to sell so please submit your offers today before this great investment opportunity is gone!
Price
Sold Price:
$1,035,000
Sold Date:09/10/2015
Los Angeles
3,590 (approx)
SB15166677
Closed
Description
This great 6 unit apartment is located at 1927 Clyde Avenue in Mid-City 90019, one of LA's hottest submarkets. The property has two 2 bedroom 1 bath units, and four 1 bedroom 1 bath units with 3,590 total rentable SF. At the $999,995 list price, it's: $167,000/unit; a 12.45 current GRM with current income of $6,695/mth; $80,340/yr; a 10.68 market GRM; a 5.19% current CAP, and $279/SF. The property was built in 1953, and the lot size is 6,677 SF. There are 5 off-street parking spaces in the rear of the property. There' s also a bonus room that was previously a large laundry room, but isn't being used currently. You could easily add those washer/dryers back, and made $100-$200/mth of extra income. The property is located at the end of a quiet residential street directly south of Venice Blvd between Fairfax & Hauser Blvd in Mid-City LA (90019). The property is in close proximity to the 10 freeway, and the Culver City Arts District also. This property is priced to sell so please submit your offers today before this great investment opportunity is gone!
Listing Information
Property Type: Cluster, 2 Story
0.15 Acres 6,677 sq.ft. 3,590 (approx)
$288.3 1953
2
Public Water Service
Sewer at Street
6 Total
Neighborhood
Room Information
Laundry Area
Exterior / Lot Features
5 Parking Spaces, Assigned Parking Space
None
No Pool
Urban
Financial Considerations
5064021023
$80,340 Income ,$26,000Expense
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: Keller Williams Beach Cities Matthew Dunfrund
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