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408 E 56th Street

Los Angeles (City), CA 90011
  • $949,900
  • STATUS: Closed
  • ON SITE: 101 Days
  • ID#: RS24000946
Sold - 04/17/2024
$949,900
SOLD - 04/17/2024
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2010
County:

School Ratings & Info

Listing Agent(s): Alvin Mullins of Your Home Team Real Estate (714-309-6287)


Description

Attention Investors 6.5 Cap Rate! This duplex was built in 2008 and features two 4 bedroom 2 bath units that are in good condition. The upstairs unit is in good condition with 4 bedrooms and 2 baths, an updated kitchen with granite counters and newer cabinets, the downstairs unit is the same floor plan and is also in good condition, both units have inside laundry hook ups, the property has a long gated driveway with a large two car detached finished garage and parking for multiple other cars in the rear, the property is close to the 105, 10 and 110 freeways, USC, downtown, Mid city and lots of shopping. Expenses for water and insurance are estimated. We also have another duplex for sale with the same Cap Rate, floor plan built in 2008 at 238 E 73rd Street. Total gross income $79,000, total expenses $13,975, buyer accepts responsibility for verifying all information including expenses and income.

Sold by Jimmy Kim of First Team Real Estate.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-21T12:21:09.123. 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 Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/146551458
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408 E 56th Street Los Angeles (City), CA 90011

  • Price: $949,900
  • Status: Closed
  • On Site: 101 Days
  • ID#: RS24000946
0
Beds
0
Baths
0
½ Baths
0.12
Acres
2010
Built
Neighborhood:
122 - Harbor Gateway
County:
Los Angeles
Area:
122 - Harbor Gateway
Property Description
Attention Investors 6.5 Cap Rate! This duplex was built in 2008 and features two 4 bedroom 2 bath units that are in good condition. The upstairs unit is in good condition with 4 bedrooms and 2 baths, an updated kitchen with granite counters and newer cabinets, the downstairs unit is the same floor plan and is also in good condition, both units have inside laundry hook ups, the property has a long gated driveway with a large two car detached finished garage and parking for multiple other cars in the rear, the property is close to the 105, 10 and 110 freeways, USC, downtown, Mid city and lots of shopping. Expenses for water and insurance are estimated. We also have another duplex for sale with the same Cap Rate, floor plan built in 2008 at 238 E 73rd Street. Total gross income $79,000, total expenses $13,975, buyer accepts responsibility for verifying all information including expenses and income.
Exterior Features

Architectural Style Modern Construction Materials Stucco Entry Level 1 Entry Location 1 Fencing Block Foundation Details Slab Lot Features Back YardFront YardLevelYard Number Of Separate Electric Meters 2 Parking Features ConcreteDoor-MultiDriveway LevelGarage Faces FrontGarageGarage Door OpenerRV GatedRV Access/Parking Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes Roof CompositionShingle View Neighborhood View YN Yes

Interior Features

Appliances Gas Range Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Flooring Laminate Heating Central Heating YN Yes Interior Features Primary Suite

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Buyer Financing Conventional Common Interest Community Apartment Community Features CurbsStreet LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 72624 Gross Scheduled Income 79080 Insurance Expense 900 Land Lease YN No Laundry Features InsideLaundry Room Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFHAVA Loan Net Operating Income 65105 New Construction YN No New Taxes Expense 11875 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 13975 Property Condition Turnkey Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Probate Listing Trash Expense 600 Water Sewer Expense 600 Water Source Public Zoning LAR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-21T12:21:09.123. 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 Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Alvin Mullins of Your Home Team Real Estate (714-309-6287)