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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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County
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Area
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School Ratings & Info

Description

Great duplex located in Mid Wilshire, one of the most highly desirable areas in Los Angeles. Perfectly situated around some of the best shopping and restaurants as well as short drive to the 10 freeway for commutes. The upstairs unit has three bedrooms plus a sun room and one bathroom. The owner did some updates on the upper unit about 3 years ago. The lower unit has two bedrooms and one bath and some renovations were done just under two years ago. Drive through the porte-cochre to the 3 garages in back as well as a storage unit and extra space for parking. You could purchase and keep tenants or live in one unit and lease the other. There is potential for updating both units and bring in higher rent as well as the possibly for an ADU in the back over the garages. This property is also located in the HPOZ and is a contributing building so the new owner could apply for the Mills Act on the property as well. So many things the buyer can choose to do.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T16:30:25.84. 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 Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
www.marknazzalrealty.com/homes/119812062
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1037 S Redondo Boulevard Los Angeles (City), CA 90019

  • Price: $1,600,000
  • Status: Active
  • Updated: 51 min ago
  • ID#: SR21165684
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1924
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
Great duplex located in Mid Wilshire, one of the most highly desirable areas in Los Angeles. Perfectly situated around some of the best shopping and restaurants as well as short drive to the 10 freeway for commutes. The upstairs unit has three bedrooms plus a sun room and one bathroom. The owner did some updates on the upper unit about 3 years ago. The lower unit has two bedrooms and one bath and some renovations were done just under two years ago. Drive through the porte-cochre to the 3 garages in back as well as a storage unit and extra space for parking. You could purchase and keep tenants or live in one unit and lease the other. There is potential for updating both units and bring in higher rent as well as the possibly for an ADU in the back over the garages. This property is also located in the HPOZ and is a contributing building so the new owner could apply for the Mills Act on the property as well. So many things the buyer can choose to do.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 0 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 3.4 Common Interest None Community Features Urban Disclosures Historical Electric Expense 5000 Exclusions Refrigerators And Washer/Dryers Fuel Expense 602 Garage YN Yes Gross Income 69600 Gross Scheduled Income 69600 Inclusions Stove/Oven Insurance Expense 1654 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 Exchange Net Operating Income 54435 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 15165 Pest Control Expense 191 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Trash Expense 0 Water Sewer Expense 5830 Water Source Public Zoning Lar2

Listing provided courtesy of Amber Dolle-Field of Keller Williams Vip Properties


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T16:30:25.84. 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 Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
 
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Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
1473 Ford St., Suite 200
Redlands CA, 92373