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    4060 Stevely Avenue

    Los Angeles (City), CA 90008
    • $4,395,000
    • STATUS: Active Under Contract
    • ON SITE: 17 days
    • ID#: SB20181847
    Under Contract
    UPDATED: 122 min ago
    $4,395,000
    • 0
      BEDS
    • 0.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,188
      SQFT
    • $218
      $/SQFT
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Rare opportunity to purchase a larger Baldwin Village apartment building at the end of a quiet street bordering Jim Gilliam Park. Seller has owned the property since 1977 and has maintained it with an open checkbook. Great bones for an investor to come in and do some remodeling and not have to worry about a lot of deferred maintenance. Soft story has been completed. Building consists of 2-studios(one of them is considered a "guest room" by the city because it does not have a kitchen), 10-1bed/1bath, 10-2bed/2bath, and 1-3bed/2bath. Property has 21 carports and 2 uncovered spaces. Expenses are lower than usual due to the fact tenants pay for their own trash collection. Don't let your buyer's miss this opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-21T00:26:05.01. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

    www.amayarealestategroup.com/homes/109669973
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    4060 Stevely Avenue Los Angeles (City), CA 90008

    • Price: $4,395,000
    • Status: Active Under Contract
    • Updated: 122 min ago
    • ID#: SB20181847
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.41
    Acres
    20,188
    SQFT
    $218
    $/SQFT
    1961
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    Rare opportunity to purchase a larger Baldwin Village apartment building at the end of a quiet street bordering Jim Gilliam Park. Seller has owned the property since 1977 and has maintained it with an open checkbook. Great bones for an investor to come in and do some remodeling and not have to worry about a lot of deferred maintenance. Soft story has been completed. Building consists of 2-studios(one of them is considered a "guest room" by the city because it does not have a kitchen), 10-1bed/1bath, 10-2bed/2bath, and 1-3bed/2bath. Property has 21 carports and 2 uncovered spaces. Expenses are lower than usual due to the fact tenants pay for their own trash collection. Don't let your buyer's miss this opportunity.
    Exterior Features

    Carport Spaces 21.00 Garage Spaces 0.00 Lot Features 21-25 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 23.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 2.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.80 Community Features Urban Country Us Electric Expense 2400.00 Elevation Units Feet Fuel Expense 5400.00 Gardener Expense 2500.00 Gross Income 339666.00 Gross Multiplier 13.00 Gross Operating Income 326955.00 Gross Scheduled Income 337066.00 Insurance Expense 8000.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 2600.00 Laundry YN Yes Licenses Expense 2500.00 Maintenance Expense 15000.00 Net Operating Income 210612.00 New Construction YN No New Taxes Expense 50543.00 Number Of Separate Electric Meters 24 Number Of Separate Gas Meters 24 Number Of Separate Water Meters 1 Number Of Units Leased 23 Operating Expense 116343.00 Pest Control Expense 1000.00 Professional Management Expense 14000.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 337056.00 Total Expenses 116343.00 Trash Expense 0.00 Vacancy Allowance 10111 Water Sewer Expense 15000.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Raymond Barrette of Barrette Real Estate Investments, Inc. and David Barrette of Barrette Real Estate Investments, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-21T00:26:05.01. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

     
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