3807 Wisconsin Street,  Los Angeles CA, 90037 (Residential Income)

3,196 sqft
Status: Backup Offers
MLS#: SR16029797
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Last Updated: 12/9/2016 8:56 PM
Description for 3807 Wisconsin Street Los Angeles, CA 90037
PRICE JUST REDUCED!!SELLER IS MOTIVATED. Fully rented 5 Unit apartment building located within 2 blocks of the prime USC Campus, which enrolls 43,000 students and Los Angeles Coliseum which hosts the NFL's Los Angeles Rams 2016-2017 season. With the potential to raise rents up to 3% per year, this cash cow trophy property sits on a 6,022 SF lot and has approximately 3,196 SF of Gross Leasable Area. The GLA is divided amongst one 3/BD 1 1/2Bth unit and four 1Bd/1Bth units, which can be made available for a dormitory style living, which are in-demand for the area. BEST CAP RATE IN THE AREA 7.03
Price
$1,069,000
Los Angeles
3,196 (approx)
SR16029797
Backup Offers
Description
PRICE JUST REDUCED!!SELLER IS MOTIVATED. Fully rented 5 Unit apartment building located within 2 blocks of the prime USC Campus, which enrolls 43,000 students and Los Angeles Coliseum which hosts the NFL's Los Angeles Rams 2016-2017 season. With the potential to raise rents up to 3% per year, this cash cow trophy property sits on a 6,022 SF lot and has approximately 3,196 SF of Gross Leasable Area. The GLA is divided amongst one 3/BD 1 1/2Bth unit and four 1Bd/1Bth units, which can be made available for a dormitory style living, which are in-demand for the area. BEST CAP RATE IN THE AREA 7.03
Listing Information
Property Type: Cluster, Other
0.13 Acres 602,300 sq.ft. 3,196 (approx)
$334.48 1912
5 Total
Neighborhood
Room Information
Laundry Area
Interior Features
Wall Unit
Dining Room, Family Room, Living Room
Exterior / Lot Features
Street Parking
None
No Pool
Sidewalks, Street Lights, Curbs Walk, Urban
Driving Directions
Cross Streets: Exposition and Vermont
Financial Considerations
5037017012
$99,840 Income ,$24,654Expense
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: Keller Williams Encino-Sherman Michael Henderson
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