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Real Living Pacific Realty
(800)660-9140

1212 West 37th Place, LOS ANGELES CA, 90007

(Active)
$1,120,000
|
4,889 sqft
|
MLS# PW14064012
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Listing Provided Courtesy Of: Coldwell Banker Platinum Prop.
Last Updated: 9/17/2014 6:24 AM
Description for 1212 West 37th Place LOS ANGELES, CA 90007
Victorian style Duplex built in 1910, the property was remodeled & built on/ permitted in 2009 with 5 bedrooms added approx 1,200 sq feet. The remodeling included new kitchen countertops & appliances, hardwood floors and bathroom modernization. Exterior architecture upgrade includes energy efficient polycarbonate Plastic rear walls allowing additional light in the units. Gated community & parking area, electronically accessible from the alley. First floor unit consists of 5 Bdrm, 2 Bath, Top Floor unit consists of 6 Bdrm, 2 Bath. Both units have two entrances setup for student housing rentals, unfurnished on 50 to 52 week leases. The top unit is currently vacant. Both units are spacious the 5 Bdrm is 2,300 Sq Ft and 6 Bdrm is 2,600 Sq Ft with large gated open space exterior common areas allowing for additional outdoor amenities-patio & seating area. Value Added Opportunity with upgrades & additional amenities becoming luxury finishes. Based on Pro Forma 9.1 GRM & 10.6 Cap RateProperty offers investor strong rental potential in an area with high demand for student housing, tenants can walk or ride bikes to campus, Gate 6 within 5 minutes. Prop located within USC Dept of Public Safety Response Area with 24 hr patrols & free on-call rides home.
Price
$1,120,000
Los Angeles
4,889 (approx)
PW14064012
Active
Description
Victorian style Duplex built in 1910, the property was remodeled & built on/ permitted in 2009 with 5 bedrooms added approx 1,200 sq feet. The remodeling included new kitchen countertops & appliances, hardwood floors and bathroom modernization. Exterior architecture upgrade includes energy efficient polycarbonate Plastic rear walls allowing additional light in the units. Gated community & parking area, electronically accessible from the alley. First floor unit consists of 5 Bdrm, 2 Bath, Top Floor unit consists of 6 Bdrm, 2 Bath. Both units have two entrances setup for student housing rentals, unfurnished on 50 to 52 week leases. The top unit is currently vacant. Both units are spacious the 5 Bdrm is 2,300 Sq Ft and 6 Bdrm is 2,600 Sq Ft with large gated open space exterior common areas allowing for additional outdoor amenities-patio & seating area. Value Added Opportunity with upgrades & additional amenities becoming luxury finishes. Based on Pro Forma 9.1 GRM & 10.6 Cap RateProperty offers investor strong rental potential in an area with high demand for student housing, tenants can walk or ride bikes to campus, Gate 6 within 5 minutes. Prop located within USC Dept of Public Safety Response Area with 24 hr patrols & free on-call rides home.
Listing Information
Property Type: Multi-Family
6,621 Sq. Ft. Estimated 4,889 (approx)
$229.09 1910
Water District, Public
In Street, In Street, In Street
2 Total
Neighborhood
Room Information
Exterior / Lot Features
5 Parking Spaces, Assigned
None
No Pool
Street Lighting
Financial Considerations
5040014017
$12,000
2013
Cash To New Loan
Income ,$29,867
108900.0000
Semi Annually
Listing Price History

LOS ANGELES Real Estate

LOS ANGELES is located in California. LOS ANGELES, California 90007 has a population of  3,804,503.

The median household income in LOS ANGELES, California 90007 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in LOS ANGELES 90007 is 34.1 years.

Sales History
Tax Info
Listing Provided Courtesy Of: Coldwell Banker Platinum Prop. James Mann
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved.
Information is deemed reliable but is not guaranteed.

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505441 - Real Living Pacific Realty
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