520 W Colden Avenue, Los Angeles, CA 90044 | MLS OC18147027 | Listing Information | Real Living Sugar Pine Realty | Real Living Real Estate
Real Living Sugar Pine Realty
(209) 533-4242

520 W Colden Avenue,  Los Angeles CA, 90044

2,392 sqft
Status: Active
MLS#: OC18147027
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Real Living Sugar Pine Realty
(209) 533-4242

Listing Provided Courtesy Of: Titan Pacific Group Inc
Last Updated: 7/15/2018 4:01 PM
Description for 520 W Colden Avenue Los Angeles, CA 90044
Priced to sell with Excellent CASH FLOW + ADDITIONAL UPSIDE / DEVELOPMENT POTENTIAL. This income producing duplex is in great condition, is situated within a very strong rental market (NO RENT CONTROL), and has an impressive 8.1% cap rate with SIGNIFICANT additional upside potential to build up to 3 MORE UNITS (making it 5-units in total). The additional upside potential is due to the property's existing zoning (RD2-1), which based on its large 6,074 SQFT lot allows for up to 3-units by right, with potential for up to 5 total units total since it is located within both the LA State Enterprise Zone as well as the Tier 1 Transit Oriented Community region. Each of the two existing 4-Bedrooms / 2-Bathrooms units has been well-maintained by professional management, and comes fully equipped with dual pane vinyl windows, granite counter tops, wood cabinets throughout, and tile flooring in the kitchens and baths. In short, this is a great investment opportunity for any investor, developer, or owner-occupier who wants to live in one unit and rent out the other. See supplements for financials and zoning documents which are provided for reference (buyer to conduct own investigations to verify the information provided herein).
Price
$749,000
Los Angeles
2,392 (approx)
OC18147027
Active
Description
Priced to sell with Excellent CASH FLOW + ADDITIONAL UPSIDE / DEVELOPMENT POTENTIAL. This income producing duplex is in great condition, is situated within a very strong rental market (NO RENT CONTROL), and has an impressive 8.1% cap rate with SIGNIFICANT additional upside potential to build up to 3 MORE UNITS (making it 5-units in total). The additional upside potential is due to the property's existing zoning (RD2-1), which based on its large 6,074 SQFT lot allows for up to 3-units by right, with potential for up to 5 total units total since it is located within both the LA State Enterprise Zone as well as the Tier 1 Transit Oriented Community region. Each of the two existing 4-Bedrooms / 2-Bathrooms units has been well-maintained by professional management, and comes fully equipped with dual pane vinyl windows, granite counter tops, wood cabinets throughout, and tile flooring in the kitchens and baths. In short, this is a great investment opportunity for any investor, developer, or owner-occupier who wants to live in one unit and rent out the other. See supplements for financials and zoning documents which are provided for reference (buyer to conduct own investigations to verify the information provided herein).
Listing Information
Property Type: Cluster, Other
0.14 Acres 2,392 (approx) $313.13
2008 Yes- 2 spaces
2 Total
Neighborhood
Room Information
Gas Dryer Hookup
Interior Features
3
Washer Hook Ups
Exterior / Lot Features
2 Garage Spaces, 4 Parking Spaces
LARD2
Sidewalks
Driving Directions
Colden and Figueroa
Financial Considerations
6054028010
$65,340 Income ,$4,680Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90044 has a population of 3,971,883.

The median household income in Los Angeles, California 90044 is $49,682. The median household income for the surrounding county is $55,870 compared to the national median of $53,482. The median age of people living in Los Angeles 90044 is 34.6 years.

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Courtesy: Omid Yousofi - Titan Pacific Group Inc
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 7/15/2018 4:01 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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