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    826 W Colden Ave

    Los Angeles, CA 90044
    • $1,949,000
    • STATUS: Active Under Contract
    • ON SITE: 68 days
    • MLS #: 21-760562
    Under Contract
    UPDATED: 15 min ago
    $1,949,000
    • 16
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,616
      SQFT
    • $347
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    826 W Colden Ave is a non-rent controlled 6-unit property located in the rapidly developing area of South Los Angeles. The property consists of four 2+1's and two 4+2 units. All six units have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property is fully parked and is individually metered for gas and electricity. There is also on-site laundry with owned machines for extra income. Most importantly, all tenants receive Section 8 assistance providing the Landlord with complete rental collection security. 826 W Colden Ave is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 2.9 miles from the brand new SoFi Stadium Development, 4.5 miles from the LA Memorial Coliseum and University of Southern California campus, and 6.1 miles from LA International Airport. Tenants with young children will enjoy walking them across the street to Ninety-Fifth Street Elementary and the 3 minute drive to Algin Sutton Recreation Center. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow without the hassle of LA City Rent Control restrictions.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T15:43:15.793. 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/119377055
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    826 W Colden Ave Los Angeles, CA 90044

    • Price: $1,949,000
    • Status: Active Under Contract
    • Updated: 15 min ago
    • MLS #: 21-760562
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    5,616
    SQFT
    $347
    $/SQFT
    1950
    Built
    Neighborhood:
    Metropolitan Southwest
    County:
    Los Angeles
    Area:
    Metropolitan Southwest
    Property Description
    826 W Colden Ave is a non-rent controlled 6-unit property located in the rapidly developing area of South Los Angeles. The property consists of four 2+1's and two 4+2 units. All six units have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property is fully parked and is individually metered for gas and electricity. There is also on-site laundry with owned machines for extra income. Most importantly, all tenants receive Section 8 assistance providing the Landlord with complete rental collection security. 826 W Colden Ave is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 2.9 miles from the brand new SoFi Stadium Development, 4.5 miles from the LA Memorial Coliseum and University of Southern California campus, and 6.1 miles from LA International Airport. Tenants with young children will enjoy walking them across the street to Ninety-Fifth Street Elementary and the 3 minute drive to Algin Sutton Recreation Center. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow without the hassle of LA City Rent Control restrictions.
    Exterior Features

    Lot Size Area 10410 Other Structures None Parking Garage UncoveredOversizedGatedPrivate Total Parking 16

    Interior Features

    Baths Total 8.00 Cooling None Equipment Garbage DisposalHood FanRange/OvenRefrigerator Heating Wall Gas Laundry RoomCommunity Laundry Equipment Own

    Property Features

    Assessed Total Value 1249500 Gross Income 148800 Gross Operating Income 145736 Like Units1 2 Like Units2 4 Net Operating Income 106036.00 Number Of Buildings 1 Number Of Units 6 Rent Control YN No Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 39700 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar2

    Listing provided courtesy of Jordan Peikin DRE#02015987 of Clement Partners Real Estate.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T15:43:15.793. 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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