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    4020 Bemis St

    Los Angeles, CA 90039
    • $1,295,000
    • STATUS: Active
    • ON SITE: 154 days
    • ID#: 20-639212
    UPDATED: 58 min ago
    $1,295,000
    • 7
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,260
      SQFT
    • $397
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:
    Area:

    School Ratings & Info

    Description

    FANTASTIC VALUE-ADD OPPORTUNITY IN ATWATER VILLAGE! Huge almost 50% upside in rents. This darling well kept 5-unit building is located on a beautiful tree-lined cul-de-sac street. It consists of 2 structures - 4-plex in the front with one 2+1 and three 1+1 units and a free standing detached 2+1 unit with small private yard in the back. The 2+1 unit in the 4-plex will be delivered VACANT at close of escrow. There are 5 gated parking spots in the back of the property. Two 2+1 units have laundry inside. All units are separately metered for gas and electricity. It provides huge upside potential in rents and low maintenance. Huge lot might offer a potential to build ADU (buyer to verify with the city). It's located close to public transportation, trendy restaurants, shopping and parks. Easy freeway access. All units are tenant occupied. The building passed the Systematic Code Enforcement inspection in 2020. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-03T20:42:55.527. 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/110490191
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    4020 Bemis St Los Angeles, CA 90039

    • Price: $1,295,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 20-639212
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    3,260
    SQFT
    $397
    $/SQFT
    1954
    Built
    Neighborhood:
    Atwater
    County:
    Los Angeles
    Area:
    Atwater
    Property Description
    FANTASTIC VALUE-ADD OPPORTUNITY IN ATWATER VILLAGE! Huge almost 50% upside in rents. This darling well kept 5-unit building is located on a beautiful tree-lined cul-de-sac street. It consists of 2 structures - 4-plex in the front with one 2+1 and three 1+1 units and a free standing detached 2+1 unit with small private yard in the back. The 2+1 unit in the 4-plex will be delivered VACANT at close of escrow. There are 5 gated parking spots in the back of the property. Two 2+1 units have laundry inside. All units are separately metered for gas and electricity. It provides huge upside potential in rents and low maintenance. Huge lot might offer a potential to build ADU (buyer to verify with the city). It's located close to public transportation, trendy restaurants, shopping and parks. Easy freeway access. All units are tenant occupied. The building passed the Systematic Code Enforcement inspection in 2020. Drive by only, offers subject to interior inspection. Please DO NOT disturb tenants.
    Exterior Features

    Lot Size Area 10612 Other Structures None Parking Garage GatedParking SpaceAssigned Style Traditional Total Parking 5

    Interior Features

    Baths Total 5.00 Common Walls Attached Cooling Window Unit(S) Equipment Other Flooring Hardwood Heating Wall Laundry In Unit

    Property Features

    Alley YN No Assessed Total Value 589828 Gross Income 79560 Gross Operating Income 79560 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 57132.00 Number Of Buildings 2 Number Of Units 5 Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Other Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricityCable Tv Total Annual Expense 22427 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar1

    Listing provided courtesy of Gabriela Manakova DRE#01327946 of Innovative Property Strategies.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-03T20:42:55.527. 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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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377