1722 W 59TH Place

    Los Angeles (City), CA 90047
    • $699,000
    • STATUS: Active
    • ON SITE: 26 days
    • MLS #: 20553574
    UPDATED: 64 min ago
    $699,000
    • 3
      BEDS
    • 0.08
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,246
      SQFT
    • $561
      $/SQFT
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Seller Motivated!! Purchase 3 residential units for the price of a small 1 bedroom condo in West LA. EXCELLENT long term income opportunity for investor located near Downtown LA and USC. GREAT FOR 1031 EXCHANGE. Property consists of 1 - two bedrooms/one bath, 1 one bedroom/one bath, and detached studio unit with one bath. The 2 Bedroom unit has a private yard in front for their use. The 1 bedroom and Studio unit in the back share private sundeck outdoor patio area. The two back units have entrance thru alley access. Updates include updated roof for studio unit and rain gutter install for 1 bedroom unit. Owner pays for all utilities. Buyer and Buyer agent to verify square footage, bedroom count, and permits to satisfy themselves. The property has close proximity to public transportation and nearby 110, 10, 5 and 60 freeways. Buyer to cooperate with Seller's 1031 Exchange. Property is being Sold "As Is".

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    Based on information from CRISNet MLS as of 2020-03-30T10:43:07.24. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-30T10:43:07.24. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-30T10:43:07.24. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-03-30T10:43:07.24. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
    www.desertarealuxuryhomes.com/homes/103807069

    1722 W 59TH Place Los Angeles (City), CA 90047

    • Price: $699,000
    • Status: Active
    • Updated: 64 min ago
    • MLS #: 20553574
    3
    Beds
    3
    Baths
    0
    ½ Baths
    0.08
    Acres
    1,246
    SQFT
    $561
    $/SQFT
    1924
    Built
    Neighborhood:
    Los Angeles Southwest (C34)
    County:
    Los Angeles
    Area:
    Los Angeles Southwest (C34)
    Property Description
    Seller Motivated!! Purchase 3 residential units for the price of a small 1 bedroom condo in West LA. EXCELLENT long term income opportunity for investor located near Downtown LA and USC. GREAT FOR 1031 EXCHANGE. Property consists of 1 - two bedrooms/one bath, 1 one bedroom/one bath, and detached studio unit with one bath. The 2 Bedroom unit has a private yard in front for their use. The 1 bedroom and Studio unit in the back share private sundeck outdoor patio area. The two back units have entrance thru alley access. Updates include updated roof for studio unit and rain gutter install for 1 bedroom unit. Owner pays for all utilities. Buyer and Buyer agent to verify square footage, bedroom count, and permits to satisfy themselves. The property has close proximity to public transportation and nearby 110, 10, 5 and 60 freeways. Buyer to cooperate with Seller's 1031 Exchange. Property is being Sold "As Is".
    Exterior Features

    Parking Spaces Total 0 Parking Type On Street

    Interior Features

    Cooking Appliances Range Cooling Type Wall Unit(S) Heating Type Other Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 1 Unit Number Of Bed03 0

    Property Features

    Adjusted Gross Income 58080.00 Assessed Improvement Value 50000.00 Assessed Land Value 270000.00 Cap Rate 6.20 Country United States Of America Expense Total Annual 14520.00 Gross Operating Income 58080.00 Gross Rent Multiplier 12.00 Hoa YN N Legal Disclosures Take Property As IsRent Control Lot Size Source Vendor Enhanced Net Operating Income 43560.00 Number Of Buildings 2 Special Conditions Standard Sale Square Footage Source Other Unit Monthly Rent01 1995.00 Unit Monthly Rent02 1650.00 Unit Monthly Rent03 1195.00 Unit Projected Total Monthly Rent01 2000.00 Unit Projected Total Monthly Rent02 1650.00 Unit Projected Total Monthly Rent03 1195.00 Unit Total Monthly Rent01 1995.00 Unit Total Monthly Rent02 1650.00 Unit Total Monthly Rent03 1195.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Units Total In Complex 3 Zoning Lar2

    Listing provided courtesy of Benjamin Shamouelian DRE#01703755 of Exclusive Realty Inc..


    Based on information from CRISNet MLS as of 2020-03-30T10:43:07.24. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-30T10:43:07.24. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-30T10:43:07.24. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-03-30T10:43:07.24. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
     
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    Palm Desert CA, 92260