Fantastic QUAD Investment opportunity with THREE SEPARATE AND INDIVIDUAL GATED BUILDINGS with its own DRIVEWAYS. The main home is a duplex and it has both a backyard with two sheds for storage and laundry area and a front yard with a shared driveway. Each home has its own gas meter, water heater, laundry hook up, and their own porch & patio.
Also, 3 out of 4 units are section 8 tenants and FULLY REMODELED units with new appliances and new plumbing... Two units have 2 bedroom 1 bath & two units have 1 bedroom 1 bath.
Rents are $2770/ 2595/ $2080/ and $1978 or $113,076 yearly income.
With 2,569 sqft living area and lot of 8,821 sqft and with great section 8 secured income producing tenants, this is an excellent investment opportunity.
Property Sub Type:
Quadruplex
Property Attached:
Yes
Lot Area:
8,824 sq. ft.820 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1924
(Age: 101)
General Listing Location:
Los Angeles, 699 - Not Defined
County Or Parish:
Los Angeles
Tenant Pays:
Electricity, Gas
Common Interest:
None
Gross Income:
$113,076
Gross Scheduled Income:
$9,423
Net Operating Income:
$109,056
Rent Control:
Yes
Total Actual Rent:
$9,423
Land Lease:
No
Electric Expense:
$0
Fuel Expense:
$0
Insurance Expense:
$2,700
Operating Expense:
$4,020
Trash Expense:
$335
Water and Sewer Expense:
$335
Tax Lot:
1
Tax Block:
J
Gage ave and Makee Ave is the nearest main cross streets