Address
1040 S Ditman Avenue Los Angeles, CA
Price
$ 875,000
Property Attributes
- MLS#OC21046131
- TypePending
- CountyLOS ANGELES
- CityLos Angeles
- AreaBoyle Heights
- Zip90023
- StyleQuadruplex
- Price$ 875,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Brian Noh with Nohco Real Estate.
Data Source:
CRMLS
Property Description
This is a fantastic opportunity to acquire a 4 unit multifamily property in Boyle Heights just east of Downtown LA. All the units are one bedrooms, with one of them vacant, remodeled, and ready to move in. The other three units have MTM tenants in place all currently paying rents. The property allows an owner occupier to live in a unit and collect rents from the other. The entire property totals 1,592sf and sits on a large 6,150sf lot zoned R4 allowing for future development potential. The property is also located in a qualified Opportunity Zone which can offer the right investor additional tax benefits. And with the property being located near the 5 freeway, it is just minutes from Downtown LA and USC. Excellent location in Boyle Heights east of Downtown Los Angeles near USC Medical Center, Community Hospital, Commerce, Freeways, Parks & Recreation, and Restaurants & Shops. ACTUAL 5.4% Cap Rate!
| Price History | |
|---|---|
| 3/12/2021 | Listed $875,000 |
General Features
| Appliances | Disposal, Gas Range, Water Heater |
|---|---|
| Community Features | Curbs, Street Lights, Sidewalks |
| Construction Materials | Stucco |
| Cooling | None |
| Flooring | Tile |
| Heating | Wall Furnace |
| Interior Features | Ceiling Fan(s), All Bedrooms Down |
| Levels | One |
| MLS Area | BOYH - Boyle Heights |
| Open Parking Spaces | 7 |
| Other Structures | Storage |
| Parking Features | One Space, See Remarks |
| Pool Features | None |
| Property SubType | Quadruplex |
| Property Type | Residential Income |
| Roof | Composition |
| Rooms | Living Room, Kitchen, Bedroom |
| Sewer | Public Sewer |
| Spa Features | None |
| Terms | Cash, Cash to New Loan, Conventional, FHA |
| Total Units | 4 |
| Utilities | Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
| Zoning | LCR4YY |
Interior Features
| Common Walls | No Common Walls |
|---|---|
| Fireplace Features | None |
| Heating Y/N | Yes |
| Laundry Features | See Remarks |
Exterior Features
| Fencing | Block, Wood |
|---|---|
| Lot Features | 2-5 Units/Acre, Yard |
| Lot Size Acres | 0.14 |
| Lot Size Area | 6150 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 6150 |
| Lot Size Units | Square Feet |
| Number of Buildings | 4 |
| Number of Separate Electric Meters | 4 |
| Number of Separate Gas Meters | 4 |
| Number of Separate Water Meters | 1 |
| Total Parking | 7 |
| Water Source | Public |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Bedroom | ||||
| Kitchen | ||||
| Living Room |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90023
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 21, 2021 1:59 AM UTC 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.
