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    3529 Ferncroft Road

    Los Angeles, CA 90039
    • $949,999
    • STATUS: Active
    • ON SITE: 148 days
    • ID#: P1-1509
    UPDATED: 41 min ago
    $949,999
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    NOW BACK ON THE MARKET - $50K PRICE REDUCTION!Great multi-unit investment opportunity - sure to move quickly. 3529 Ferncroft Road is a newly-remodeled duplex in Atwater Village that provides an ideal house hacking opportunity, or it could generate a potential 5% cap rate for a pure investor. The complex consists of an upstairs unit and downstairs master unit that are both 2-bed/1-baths and approximately 550sqft. The upstairs unit has been recently rented at max market rate ($2,550), and downstairs master unit will be delivered vacant (projected rent for this unit is about $2,800). Downstairs unit is connected to a large yard with spacious storage sheds and on-site laundry with a new Samsung washer/drier set. The current owner has expertly updated the exterior with new balconies and the kitchens with fresh countertops, large basin sinks, and new refrigerators. The property contains a driveway, and ample street parking exists throughout the neighborhood. The central LA location is just minutes from Echo Park and Silver Lake and just a 10-minute drive from the Griffith Observatory and Dodger Stadium. Located right off the 5 freeway in a pleasant neighborhood with a Walk Score of 74, this property is an ideal investment. Buyer to verify all information.

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    Based on information from CRISNet MLS as of 2021-02-24T17:56:29.223. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-02-24T17:56:29.223. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/110472219
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    3529 Ferncroft Road Los Angeles, CA 90039

    • Price: $949,999
    • Status: Active
    • Updated: 41 min ago
    • ID#: P1-1509
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1948
    Built
    Neighborhood:
    Not Applicable
    County:
    Los Angeles
    Property Description
    NOW BACK ON THE MARKET - $50K PRICE REDUCTION!Great multi-unit investment opportunity - sure to move quickly. 3529 Ferncroft Road is a newly-remodeled duplex in Atwater Village that provides an ideal house hacking opportunity, or it could generate a potential 5% cap rate for a pure investor. The complex consists of an upstairs unit and downstairs master unit that are both 2-bed/1-baths and approximately 550sqft. The upstairs unit has been recently rented at max market rate ($2,550), and downstairs master unit will be delivered vacant (projected rent for this unit is about $2,800). Downstairs unit is connected to a large yard with spacious storage sheds and on-site laundry with a new Samsung washer/drier set. The current owner has expertly updated the exterior with new balconies and the kitchens with fresh countertops, large basin sinks, and new refrigerators. The property contains a driveway, and ample street parking exists throughout the neighborhood. The central LA location is just minutes from Echo Park and Silver Lake and just a 10-minute drive from the Griffith Observatory and Dodger Stadium. Located right off the 5 freeway in a pleasant neighborhood with a Walk Score of 74, this property is an ideal investment. Buyer to verify all information.
    Exterior Features

    Fence YN No Fencing None Levels Two Lot Features Sprinklers None Lot Size Area 2819.0000 Parking Total 0.00 View None View YN No

    Interior Features

    Appliances FreezerGas RangeRefrigerator Appliances YN Yes Common Walls No Common Walls Cooling Electric Cooling YN Yes Fireplace Features None Fireplace YN No Heating Electric Heating YN Yes Laundry Features Dryer IncludedOutsideWasher Included Laundry YN Yes

    Property Features

    Community Features Suburban Fuel Expense 0.00 Gross Income 64200.00 Gross Scheduled Income 64200.00 Insurance Expense 0.00 Land Lease YN No Net Operating Income 48600.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 15600.00 Pool Features None Pool Private YN No Property Attached YN No Rent Control YN Yes Senior Community YN No Spa Features None Spa YN No Special Listing Conditions Standard Subdivision Name Other Not Applicable Total Expenses 1300.00 Trash Expense 0.00 Water Sewer Expense 0.00 Zoning Lar1

    Listing provided courtesy of Erik Serrao, CA DRE# , of Exp Realty Of California, Inc..


    Based on information from CRISNet MLS as of 2021-02-24T17:56:29.223. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-02-24T17:56:29.223. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377