1031 S Ditman, Los Angeles, CA 90023
- $1,099,000
- List Price
- $1,099,000
- Price Change
- ▲ $10,000 1779832662
- Status
- ACTIVE
- MLS#
- CV26018950
- Year Built
- 1940
- Lot Size
- 6,486
- Acres
- 0.15
- Lot Location
- 2-5 Units/Acre, Front Yard, Lawn, Landscaped, Near Park, Paved, Rectangular Lot, Yard
- Days on Market
- 166
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
Ideal for 1031 exchange buyer or owner-occupied. Cap rate is about 5.5~6%. Start earning rental income from day one with this tenant-occupied property. Solid 7200 monthly income with strong tenants!! All units are month to month lease. This is a DREAM property for an investor or occupant owner. This property is not located in LA rent control area, NOT RSO. The property has been managed & maintained by professional property management for the last 5 years. There are 3 DETACHED units on the property. Unit 1 is a 4/2. Unit 2 is a 2/1. Unit 3 is a 2/1. There is a 2 room storage unit on the property being used by the residents that could potentially be transformed into an ADU. Rents are all close to market. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 3 was completely renovated down to the studs in 2019. Roofs were redone in 2019. The lot size is at almost 6,500 sq ft. There is a long driveway capable of parking 6+ cars with plenty of open street parking at all times. Nearby attractions include Mariachi Plaza, LAC Hospital, USC Medical, Cal State LA, and the Metro Gold Line. In just minutes you can reach Downtown Los Angeles, Dodger Stadium, and Crypto Arena. The property also offers easy access to major freeways such as the 5, 60, 10, 710, and 110. Do not disturb tenants. All three units are occupied. The detached bonus 1bed 1 bath unit is vacant and previous rent is 1200. Don't miss the opportunity.!This is the house in the area that you can cover all your expense and payment with rental income and enjoy some positive cash flow!
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Additional Information
- Other Buildings
- Guest House Detached, Storage
- Appliances
- Gas Oven, Gas Range, Refrigerator, Water Heater
- Pool Description
- None
- Heat
- Natural Gas
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Common Roof
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Granite Counters, Laminate Counters, All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $88,320
- Operating Expense
- 19700
Listing courtesy of Listing Agent: Ken Wong (alex_wong_somebody@yahoo.com) from Listing Office: STIGLER MORTGAGE.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.