1963 E 111th Street,  Los Angeles CA, 90059 (Residential Income)

2,606 sqft
Status: Pending
MLS#: CV16705685
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Last Updated: 12/7/2016 1:57 PM
Description for 1963 E 111th Street Los Angeles, CA 90059
JUST REDUCED! Subject property consists of 1(4Bed/2Bath) and 1(3Bed/2Bath) all situated on a 6,411 square foot lot. The current owner has made a number of improvements including newer interior paint, carpet and tile throughout, new cabinetry and fixtures. Exterior improvements include newer roof, upgraded windows and a new security gate. Tenants enjoy onsite parking and laundry hookups. A new owner can capitalize on this investment immediately earning a 5.6% cash return, and given the strong rental demographics of the location, upwards of a 8.12% cash return with market rents in place. Assuming the buyer is purchasing as owner occupied, seller is willing to coordinate one of the units being delivered vacant at the close of escrow.
Price
$425,000
Los Angeles
2,606 (approx)
CV16705685
Pending
Description
JUST REDUCED! Subject property consists of 1(4Bed/2Bath) and 1(3Bed/2Bath) all situated on a 6,411 square foot lot. The current owner has made a number of improvements including newer interior paint, carpet and tile throughout, new cabinetry and fixtures. Exterior improvements include newer roof, upgraded windows and a new security gate. Tenants enjoy onsite parking and laundry hookups. A new owner can capitalize on this investment immediately earning a 5.6% cash return, and given the strong rental demographics of the location, upwards of a 8.12% cash return with market rents in place. Assuming the buyer is purchasing as owner occupied, seller is willing to coordinate one of the units being delivered vacant at the close of escrow.
Listing Information
Property Type: Cluster, Other
0.14 Acres 641,200 sq.ft. 2,606 (approx)
$163.09 1919
2 Total
Neighborhood
Room Information
Interior Features
Carpet Wall to Wall, Ceramic Tile
Exterior / Lot Features
4 Parking Spaces, Unassigned, Off Street
None
No Pool
LAR1
Gutters, Sidewalks, Street Lights, Curbs Walk, Storm drains
Driving Directions
North of the 105 Freeway, West of Alameda
Financial Considerations
6067005031
$37,500 Income ,$9,305Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90059 has a population of 3,804,503.

The median household income in Los Angeles, California 90059 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 90059 is 34.1 years.

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Courtesy: RE/MAX 2000 KRISTOPHER GERMAN
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Information is deemed reliable but is not guaranteed.

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