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    5512 Long Beach Ave

    Los Angeles, CA 90058
    • $499,000
    • STATUS: Active Under Contract
    • ON SITE: 50 days
    • ID#: 20-664886
    Under Contract
    $499,000
    • 6
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,053
      SQFT
    • $163
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    Cash Cow!! This property is ideal for the savvy investor, who is looking to rent this property as its intended use or looking to add a cash cow to their business. The property consist of an open office space in the front unit, a 4bd 1.5bth in the middle unit and a 2bd 1bth in the rear unit. This property can be utilized for various uses; rental property, transitional housing, group home, homeless shelter, joint living quarters and other uses. Only 1 unit is currently rented on this property, two units will be delivered vacant.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-01-19T23:42:29.833. 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/112287312
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    5512 Long Beach Ave Los Angeles, CA 90058

    • Price: $499,000
    • Status: Active Under Contract
    • ID#: 20-664886
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    3,053
    SQFT
    $163
    $/SQFT
    1954
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Cash Cow!! This property is ideal for the savvy investor, who is looking to rent this property as its intended use or looking to add a cash cow to their business. The property consist of an open office space in the front unit, a 4bd 1.5bth in the middle unit and a 2bd 1bth in the rear unit. This property can be utilized for various uses; rental property, transitional housing, group home, homeless shelter, joint living quarters and other uses. Only 1 unit is currently rented on this property, two units will be delivered vacant.
    Exterior Features

    Lot Location None Lot Size Area 4427 Other Structures Accessory Dwelling Unit Parking Garage Driveway Pool Description None Pool YN No Roof CompositionShingle Style Traditional Total Parking 4 View Description None View YN No

    Interior Features

    Baths Total 3.50 Common Walls Detached/No Common Walls Cooling Window Unit(S) Equipment Gas Dryer Hookup Flooring MixedTileCarpet Heating Wall Laundry Inside

    Property Features

    Alley YN No Assessed Total Value 193181 Entry Floor Number 1 Gross Income 5550 Gross Operating Income 66000 Like Units1 1 Like Units2 2 Like Units3 3 Net Operating Income 46200.00 Number Of Buildings 3 Number Of Units 3 Property Condition Repair Cosmetic Rent Control YN No Sale Type Standard Security Features Gated Source Living Area Plans Source Lot Size Area Assessor Total Annual Expense 1236 Type Of Units Mixed Use Water Expense 1236.00 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lam2

    Listing provided courtesy of E.J. Hawkins DRE#01339756 of Orion Real Estate.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-01-19T23:42:29.833. 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