744 Hyperion Avenue,  Los Angeles CA, 90029 (Residential Income)

5,000 sqft
Status: Sold
MLS#: OC14242281
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Last Updated: 12/9/2016 9:31 AM
Description for 744 Hyperion Avenue Los Angeles, CA 90029
This NON-RENT CONTROL is located near Silverlake, Hollywood and Korea town. This gated building consists of Five 2 bedroom, 1.5 bath units. There are Five tandem parking spaces in the rear plus a central laundry area that produces extra income. This is a very low maintenance building. Each unit has it's own meter for electricity and gas. Water and trash are covered by the owner. Most of the tenants have been in the building for over 15 years+. The rent is very low and does not reflect the UPSIDE POTENTIAL of true market rates. NO ON-SITE MANAGER NEEDED! Please DO NOT WALK the property or DISTURB the tenants. Property will be conveyed fully rented.
Price
Sold Price:
$1,550,000
Sold Date:01/05/2015
Los Angeles
5,000 (approx)
OC14242281
Closed
Description
This NON-RENT CONTROL is located near Silverlake, Hollywood and Korea town. This gated building consists of Five 2 bedroom, 1.5 bath units. There are Five tandem parking spaces in the rear plus a central laundry area that produces extra income. This is a very low maintenance building. Each unit has it's own meter for electricity and gas. Water and trash are covered by the owner. Most of the tenants have been in the building for over 15 years+. The rent is very low and does not reflect the UPSIDE POTENTIAL of true market rates. NO ON-SITE MANAGER NEEDED! Please DO NOT WALK the property or DISTURB the tenants. Property will be conveyed fully rented.
Listing Information
Property Type: Cluster, 2 Story
0.17 Acres 5,000 (approx)
1989 2
Public Water Service
5 Total
Neighborhood
Room Information
Laundry Area, Common
Interior Features
Window/Wall Unit
Wall Unit
Exterior / Lot Features
10 Parking Spaces, Assigned Parking Space
None
No Pool
LARD2
Sidewalks
Financial Considerations
5427011024
$94,740 Income ,$7,988Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90029 has a population of 3,804,503.

The median household income in Los Angeles, California 90029 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 90029 is 34.1 years.

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Courtesy: Berkshire Hathaway HomeService Brett Smith
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