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    1418 Constance Street

    Los Angeles (City), CA 90015
    • $1,190,000
    • STATUS: Active
    • ON SITE: 21 days
    • MLS #: SB21000718
    UPDATED: 52 min ago
    $1,190,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,084
      SQFT
    • $386
      $/SQFT
    Neighborhood:
    C16 - Mid Los Angeles
    Type:
    Multi-Family
    Built:
    1900
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles

    School Ratings & Info

    Visit GreatSchools.org

    Description

    Great investment opportunity near Downtown Los Angeles! CAP rate above 5%! 2 units with 5 guest rooms permitted by the city. A total of 8 rooms, 2 kitchens and 3 bathrooms. Huge back parking area big enough to build a 1,200 sqft ADU. Don't miss out on this great upside investment!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-26T22:27:44.62. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112994191
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    1418 Constance Street Los Angeles (City), CA 90015

    • Price: $1,190,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: SB21000718
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,084
    SQFT
    $386
    $/SQFT
    1900
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Great investment opportunity near Downtown Los Angeles! CAP rate above 5%! 2 units with 5 guest rooms permitted by the city. A total of 8 rooms, 2 kitchens and 3 bathrooms. Huge back parking area big enough to build a 1,200 sqft ADU. Don't miss out on this great upside investment!
    Exterior Features

    Entry Level 1 Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features GatedUncovered Parking Total 11.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Shingle Spa Features None Spa YN No Uncovered Spaces 11.00

    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 Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.37 Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 8000.00 Elevation Units Feet Fuel Expense 1200.00 Garage Income 150.00 Garage Rental Rate 50.00 Gross Income 150.00 Gross Scheduled Income 90870.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN No Net Operating Income 63870.00 New Construction YN No New Taxes Expense 11000.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 27000.00 Other Expense 720.00 Other Expense Description Internet Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays None Total Actual Rent 7422.50 Total Expenses 27000.00 Trash Expense 800.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 4500.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Lloyd Yang of West Shores Realty, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-26T22:27:44.62. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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