Thank you
Thomas Yong Kim
Apple Tree Realty
213-465-4858
This 3 UNIT INCOME PROPERTY has lots of potential with today's high yield CAP rate fantastic Zoning with C2 (Commercial) + Residential mixed use so the buyer may keep the property as it is with higher CAP rate or develop a Mixed Use Commercial and Residential Building. Currently the area is developing with new constructions. The house is Just 7-8 minutes to USC, Exposition Park, Swimming, Stadium. 10 -15 minutes to Downtown Los Angeles and Sofi Olympic Stadium! Current Owner input a lot of improvements on the property and UDU project (ongoing for approval, buyer check up the status) with a new Electric Meter. The roof is new, new Double Pane Windows, New Bathrooms and so much more with permits! This is a GEM and a MUST SEE PROPERTY!!!
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Total Bedrooms : 5
Total Baths: 4
Full Baths: 0
Half Baths: 0
Sewer : Other
Interior Features: Ceiling Fan(s)
Windows: Double Pane Windows
Flooring: Laminate
Year Built: 1953
Building Area Total: 2,208
Construction: Stucco
Block
Gated Community
None
Porch
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.124
Lot Size Source: Assessor
Lot Size Square Feet: 5403
Original List Price: 750,000
Listing Contract Date: 2022-09-12
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5016021004
Garage Description: Gated
Lease Term: Negotiable
Tenant Pays: Electricity
Source Listing Status: Active Under Contract
Source Neighborhood: C34 - Los Angeles Southwest
Postal Code Plus 4: 2888
Directions: On the Normandie west side between 48th and 49th Street.
Zoning: LAC2
Source Property Type: Residential Income
Area: C34 - Los Angeles Southwest
Property Age: 71
Property Condition: Repairs Cosmetic
Year Built Source: Vendor Enhanced
Total Square Feet Living: 2208
Entry Location: Ground Level w/steps
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
110 W 48th Street, Los Angeles, CA,90037 | $479,800 | 2 | 2 | 1,134 | 2400 Sqft |
4225 Van Buren Place, Los Angeles, CA,90037 | $849,900 | 4 | 2 | 1,645 | 5992 Sqft |
5116 S Budlong Avenue, Los Angeles, CA,90037 | $1,100,000 | 5 | 4 | 3,632 | 5520 Sqft |
232 W 49th Street, Los Angeles, CA,90037 | $699,999 | 4 | 2 | 1,744 | 5447 Sqft |
4125 S Figueroa Street .., Los Angeles, CA,90037 | $329,000 | 1 | 1 | 542 | 39267 Sqft |
3913 S Budlong Avenue, Los Angeles, CA,90037 | $1,699,000 | 6 | -- | 3,690 | 10432 Sqft |
602 W 40th Place #3, Los Angeles, CA,90037 | $1,799,999 | 10 | 5 | 3,692 | 6750 Sqft |
1115 W 41st Street, Los Angeles, CA,90037 | $959,900 | 3 | 2 | 2,182 | 6352 Sqft |
4529 S Vermont Avenue, Los Angeles, CA,90037 | $2,050,000 | 4 | -- | 6,750 | 8014 Sqft |
4125 S Figueroa Street .., Los Angeles, CA,90037 | $315,000 | 1 | 1 | 547 | 39278 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 15:20
MLS: 22198713
LISTED BY: Thomas Yong Kim, Apple Tree Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.