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Denise Oneil
Oneil & Associates Realtors
3987 Pacific Coast Hwy
Torrance, CA 90505
Phone: 310-370-1020
Fax: 310-370-9851
Email: denise@deniseoneil.com
Back to Closed Listings
Sold for $2,200,000 Sold

3209 W 48 Avenue W
Leimert Park, CA 90043

Multi Family Home
7745 sq ft - MLS# PV17112875
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Sold

Sold for $2,200,000 on Sep 20, 2017

Description

This turn of the century well maintained building is located adjacent to View Park, SW Los Angeles,Park Hill Heights area Bread and butter units with great curb appeal, family owned for over 50 years laundry in most units, faux fireplaces ( in some units), high ceilings and spacious size rooms one car carport for each unit, some extra storage above parking in some please note that there are 3 building, 12 units total 4721 10 ave where is set up as building 1 and 2 each consisting of 4 units each (8 total) and 3298 48 st where is set up as building 3 and consisting of 4 units total tax record/property profile show it set up differently sales price is now based on both units combined! see agent remarks

Features

  • # of Parking Spaces: 3.00
  • Area: LEIM - Leimert Park
  • Building Area Total: 12636
  • Cap Rate: 7.00
  • Co-Selling Agent License: 01825516
  • Co-Selling Office License: 01844438
  • Gardener Expense: 1800
  • Gross Income: 164880
  • Gross Scheduled Income: 164880
  • Heating: Wall Heater
  • Heating YN: Yes
  • Insurance Expense: 2400
  • Laundry YN: Yes
  • Listing Agent License: 00989854
  • Listing Status: Closed
  • Lot Size: 0.1778
  • MLS: CRM
  • Net Operating Income: 124193
  • New Taxes Expense: 24987
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Selling Agent: Denise O'neil
  • Selling Agent License: 00989854
  • Selling Office: O'neil & Associate Realtors
  • Sewer: Public Sewer
  • Sold Date: 2017-09-20 00:00:00
  • Sold Price: 2200000.00
  • Sub Type: Multi Family Home
  • Total Actual Rent: 12500
  • Trash Expense: 2400
  • Utilities: Cable Available, Electricity Available, Sewer Connected
  • Water Sewer Expense: 8400
  • Year Built: 1927
  • Zip Code: 90043
  • Parking Spaces: 3.00
  • Parking Features: Assigned
  • Other Income Description: 15 850 pro forma
  • Operating Expense: 40087.00
  • Number With Disposal: 12
  • Number Of Units Leased: 100
  • Number Of Separate Water Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Electric Meters: 12
  • Number Of Rented Garages: 9
  • Number Of Buildings: 3
  • Property Type: Multi Family Home
  • Year Built Source: Assessor
  • Water Source: Public
  • Total Expenses: 40087.00
  • Style: Craftsman
  • Stories Total: 2
  • Stories: Two
  • Room Type: All Bedrooms Down
  • Roof: Composition
  • Lot Size Units: Square Feet
  • Garage Spaces: 3.00
  • Flooring: Carpet, Vinyl
  • Fireplace: Living Room, Yes
  • Entry Location: Ground Level With Steps
  • Electric: Electricity - On Property
  • Directions: Cross Streets: 3209 w 48th st ( sister prop )
  • Country: US
  • Community Features: Curbs
  • Common Walls: 2+ Common Walls, End Unit
  • Building Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Lot Size Source: Assessor
  • Lot Features: 0-1 Unit/Acre, Landscaped, Lawn, Level with Street
  • Lot Dimensions: 7746
  • Laundry Features: Individual Room, Inside
  • Laundry Equipment Own Lease: Own
  • Interior Features: High Ceilings (9 Feet+)
  • Gross Spendable Income: 103313.00
  • Gross Operating Income: 164880.00
  • Gross Multiplier: 13.40
  • View: City Lights, Yes

BBB - Better Business BureauCRE - Counselor of Real EstateCRS - Certified Residential Specialiste-PROEqual Housing OpportunityGRI - Graduate, REALTOR® InstituteMLS membershipREALTOR® certificationRSPS - Resort and Second Home Specialist (logo 1)SRES - Seniors Real Estate Specialist

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