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Listing Details

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School Ratings & Info

Description

Astounding and Updated Apartment Building in East Los Angeles - El Sereno! Conveniently located only minutes from Cal State Los Angeles and USC-Health Science Campus, this 6-unit apartment building includes five 2BR/1BA units and one 1BR/1BA unit. Approaching the building, you immediately notice the durable stucco exterior, balconies, and towering nearby palm trees. All units have openly flowing floorplans, spacious living rooms, tons of natural light, generously sized bedrooms, outdoor patio areas, and fully equipped kitchens with gas ranges, ample wood cabinetry, stainless-steel sinks, solid surface countertops, and refrigerators. Two of the units have been newly renovated and feature new appliances, fresh paint, new flooring, and updated fixtures. Both newly renovated units will be delivered vacant to the new buyer. Two units are currently occupied with month-to-month leases, while two other units are occupied with one-year leases. Ideally nestled in a highly desirable rental area and situated adjacent to Alhambra and South Pasadena, these units offer tenants close proximity to an array of amenities, including public transportation, restaurants, grocery stores, Costco, Target, I-10, I-710, banks, drug stores, and multiple parks! Tenants may enjoy gated parking and also have street parking available for use. Perfect for a savvy investor seeking positive cashflow, this 6-unit apartment building delivers a range of possibilities and potential exit strategies. Call now for your private showing!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/119369922
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5333 Hyde Street Los Angeles (City), CA 90032

  • Price: $2,000,000
  • Status: Active
  • ID#: RS21155396
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Beds
0
Baths
0
½ Baths
0.15
Acres
1964
Built
Neighborhood:
621 - El Sereno
County:
Los Angeles
Area:
621 - El Sereno
Property Description
Astounding and Updated Apartment Building in East Los Angeles - El Sereno! Conveniently located only minutes from Cal State Los Angeles and USC-Health Science Campus, this 6-unit apartment building includes five 2BR/1BA units and one 1BR/1BA unit. Approaching the building, you immediately notice the durable stucco exterior, balconies, and towering nearby palm trees. All units have openly flowing floorplans, spacious living rooms, tons of natural light, generously sized bedrooms, outdoor patio areas, and fully equipped kitchens with gas ranges, ample wood cabinetry, stainless-steel sinks, solid surface countertops, and refrigerators. Two of the units have been newly renovated and feature new appliances, fresh paint, new flooring, and updated fixtures. Both newly renovated units will be delivered vacant to the new buyer. Two units are currently occupied with month-to-month leases, while two other units are occupied with one-year leases. Ideally nestled in a highly desirable rental area and situated adjacent to Alhambra and South Pasadena, these units offer tenants close proximity to an array of amenities, including public transportation, restaurants, grocery stores, Costco, Target, I-10, I-710, banks, drug stores, and multiple parks! Tenants may enjoy gated parking and also have street parking available for use. Perfect for a savvy investor seeking positive cashflow, this 6-unit apartment building delivers a range of possibilities and potential exit strategies. Call now for your private showing!
Exterior Features

Lot Features Corner LotLawnRectangular LotStreet Level Number Of Separate Electric Meters 7 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Street LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 137760 Gross Scheduled Income 137760 Insurance Expense 4000 Land Lease YN No Laundry Features Common AreaWasher HookupGas Dryer HookupStacked Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 110208 New Construction YN No Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 27552 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 7280 Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lar1

Listing provided courtesy of Stephen Eng of Re/Max Of Cerritos


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395