4091 Creed Avenue

    Los Angeles (City), CA 90008
    • $995,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: 19500632
    UPDATED: 50 min ago
    $995,000
    • 4
      BEDS
    • 0.14
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,996
      SQFT
    • $332
      $/SQFT
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    A four unit property located in historic Lemiert Park district of Los Angeles. The property consists of four large one-bedroom/one-bath units. The property is located a half mile from the redevelopment of the "Baldwin Hills Crenshaw Plaza". With a walk score of 79 the property is ideally situated on a quite tree lined street, within walking distance to retail shops, dining and night life activities. The property boasts four garage parking spaces and a grassy backyard for its residents to enjoy secluded soirees. Moreover, the property has tremendous upside potential in rental income. With approximately 47 percent upside in rental income in a burgeoning sub-market a new investor has the opportunity to acquire a well located asset with considerable upside.

    Monthly Payment Calculator



    Based on information from CARETS as of 2019-10-15T14:47:25.977. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS 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 CARETS. 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.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/98017220

    4091 Creed Avenue Los Angeles (City), CA 90008

    • Price: $995,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 19500632
    4
    Beds
    4
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,996
    SQFT
    $332
    $/SQFT
    1941
    Built
    Neighborhood:
    Los Angeles Southwest (C34)
    County:
    Los Angeles
    Area:
    Los Angeles Southwest (C34)
    Property Description
    A four unit property located in historic Lemiert Park district of Los Angeles. The property consists of four large one-bedroom/one-bath units. The property is located a half mile from the redevelopment of the "Baldwin Hills Crenshaw Plaza". With a walk score of 79 the property is ideally situated on a quite tree lined street, within walking distance to retail shops, dining and night life activities. The property boasts four garage parking spaces and a grassy backyard for its residents to enjoy secluded soirees. Moreover, the property has tremendous upside potential in rental income. With approximately 47 percent upside in rental income in a burgeoning sub-market a new investor has the opportunity to acquire a well located asset with considerable upside.
    Exterior Features

    Parking Spaces Total 4 Parking Type Garage Is Detached

    Interior Features

    Appliances None Cooling Type None Heating Fuel Wall Gas Heating Type Wall Gas Total Floors 0 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 1

    Property Features

    Adjusted Gross Income 52080.00 Assessed Improvement Value 173253.00 Assessed Land Value 115497.00 Cap Rate 2.89 Country United States Of America Expense Gardener 600.00 Expense Insurance 1340.00 Expense Maintenance 2000.00 Expense Tax 13432.00 Expense Total Annual 21772.00 Expense Water 3600.00 Gross Operating Income 52080.00 Gross Rent Multiplier 19.11 Hoa YN N Legal Disclosures Take Property As IsRent Control Lot Size Source Public Records Net Operating Income 28746.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 900.00 Unit Monthly Rent02 920.00 Unit Monthly Rent03 920.00 Unit Monthly Rent04 0.00 Unit Projected Total Monthly Rent01 1600.00 Unit Projected Total Monthly Rent02 1600.00 Unit Projected Total Monthly Rent03 1600.00 Unit Projected Total Monthly Rent04 1600.00 Unit Total Monthly Rent01 900.00 Unit Total Monthly Rent02 920.00 Unit Total Monthly Rent03 920.00 Unit Total Monthly Rent04 0.00 Unit Type01 1 Unit Type02 2 Unit Type03 3 Unit Type04 4 Units Total In Complex 4 Zoning Lar3

    Listing provided courtesy of Maurius Jeffery DRE#01738154 of Marcus & Millichap.


    Based on information from CARETS as of 2019-10-15T14:47:25.977. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS 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 CARETS. 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.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361