6027 8th Avenue,  Los Angeles CA, 90043 (Residential Income)

3,340 sqft
Status: Sold
MLS#: SB14229225
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Last Updated: 12/3/2016 3:30 AM
Description for 6027 8th Avenue Los Angeles, CA 90043
The property consists of a 4 bedroom house in front with two large, 1 Bedroom units in the rear. The rear units are very well laid out and have an additional room that can be used as an office, extra bedroom, etc. There is plenty of room for onsite parking and the building stays quiet with respectful residents as your tenants. The building consists of 3,340 Rentable Square Feet and laid out over a 7,584 Square Foot Lot. Each unit is separately metered for electricity and gas. Tenants enjoy the convenience of a quiet building with off street parking. In the rear of the property is a Garage with a unused vacant unit above it. Buyer to investigate usage with the City of LA. Two larger buildings on the same street have traded ownership in the last year bringing professional management and tenants to the immediate area. This is a great owner user or starter property. Furthermore, an astute investor will see the true upside potential utilizing the extra unit in the rear and true rental upside with the section 8 house.
Price
Sold Price:
$469,000
Sold Date:01/15/2015
Los Angeles
3,340 (approx)
SB14229225
Closed
Description
The property consists of a 4 bedroom house in front with two large, 1 Bedroom units in the rear. The rear units are very well laid out and have an additional room that can be used as an office, extra bedroom, etc. There is plenty of room for onsite parking and the building stays quiet with respectful residents as your tenants. The building consists of 3,340 Rentable Square Feet and laid out over a 7,584 Square Foot Lot. Each unit is separately metered for electricity and gas. Tenants enjoy the convenience of a quiet building with off street parking. In the rear of the property is a Garage with a unused vacant unit above it. Buyer to investigate usage with the City of LA. Two larger buildings on the same street have traded ownership in the last year bringing professional management and tenants to the immediate area. This is a great owner user or starter property. Furthermore, an astute investor will see the true upside potential utilizing the extra unit in the rear and true rental upside with the section 8 house.
Listing Information
Property Type: Cluster, 2 Story
0.17 Acres 3,340 (approx)
$140.42 1928
Yes- 2 spaces 2
Public Water Service
Sewer at Street
3 Total
Neighborhood
Room Information
Interior Features
Den, Kitchen, Gas Burning
Exterior / Lot Features
2 Garage Spaces, 2 Parking Spaces, Unassigned
None
No Pool
Gutters, Sidewalks, Street Lights, Curbs Walk, Urban
Financial Considerations
4006001018
$6,035
$35,652 Income ,$12,869Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90043 has a population of 3,804,503.

The median household income in Los Angeles, California 90043 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 90043 is 34.1 years.

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Courtesy: Keller Williams Beach Cities Thomas Watkins
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