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3172 Cazador St

Los Angeles, CA 90065
  • $985,000
  • STATUS: Active Under Contract
  • ON SITE: 265 Days
  • MLS #: 21-686648
Under Contract
UPDATED: 45 min ago
$985,000
  • 7
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,659
    SQFT
  • $370
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Description

Since the duplex was constructed in 1989, it may allow for higher annual increases for those two units, which are not subject to Los Angeles rent control (Buyer to verify). Situated in the gentrifying Glassell Park neighborhood of Los Angeles, the investment offers a substantial opportunity for a new investor to add value, as current rents are approximately half of those in similar units in the area. Located near the intersection of San Fernando Road and Division Street, the property is adjacent to the recently revitalized neighborhoods of Mount Washington, Highland Park, and Elysian Valley. The investment only benefits from the numerous redevelopment projects lining the Los Angeles River, which is just five blocks from the property.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-21T06:43:20.41. 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.
www.desertarealuxuryhomes.com/homes/113719778
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3172 Cazador St Los Angeles, CA 90065

  • Price: $985,000
  • Status: Active Under Contract
  • Updated: 45 min ago
  • MLS #: 21-686648
7
Beds
0
Baths
0
½ Baths
0.17
Acres
2,659
SQFT
$370
$/SQFT
1922
Built
Neighborhood:
Glassell Park
County:
Los Angeles
Area:
Glassell Park
Property Description
Since the duplex was constructed in 1989, it may allow for higher annual increases for those two units, which are not subject to Los Angeles rent control (Buyer to verify). Situated in the gentrifying Glassell Park neighborhood of Los Angeles, the investment offers a substantial opportunity for a new investor to add value, as current rents are approximately half of those in similar units in the area. Located near the intersection of San Fernando Road and Division Street, the property is adjacent to the recently revitalized neighborhoods of Mount Washington, Highland Park, and Elysian Valley. The investment only benefits from the numerous redevelopment projects lining the Los Angeles River, which is just five blocks from the property.
Exterior Features

Lot Size Area 7501 Other Structures None Parking Garage Assigned Total Parking 5

Interior Features

Baths Total 4.00 Cooling Wall Unit(S) Equipment None Heating None

Property Features

Assessed Total Value 209183 Gross Income 49428 Gross Operating Income 47945 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 27079.00 Number Of Buildings 2 Number Of Units 3 Sale Type Standard Source Living Area Estimated Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 20866 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar2

Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-21T06:43:20.41. 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.
 
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