Address
1753 W 35th Place Los Angeles, CA
Price
$ 1,525,000
Property Attributes
  • MLS#SR21192198
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLos Angeles Southwest
  • Zip90018
  • StyleMediterranean,Spanish
  • Price$ 1,525,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3512
  • Lot Size6,800 SqFt
Listing Provided Courtesy Of:
Jahmall Ellis with Sotheby's International Realty - 818-451-8521
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Opportunity Knocks! Attention Investors! Incredible updated Quadraplex in the heart of red-hot Jefferson Park. Short distance to Fwys, Downtown LA Staples center, and one of LA's Education Meccas, USC. Two Units have been partially remodeled & tastefully done with all of the amenities of a single family home. All 4 units have the ability to feature 2br+1bath layouts. There are currently 2 out of 4 that have been converted. The owner front units include combination Laminate hardwood & carpet flooring, central a/c, large kitchen with granite counter tops, SS appliances, new modern cabinets, and private laundry. The other two units are tenant occupied and awaiting the right investor to mimic the other two units with upgraded features as well. Each unit has its own HVAC, separately metered for water and gas, & tenants are responsible for paying all utilities except water. The large common area hosts many options for a bbq area, sitting area or retreat. Large rear carport and extended driveway is perfect for current layout or can possibly accommodate subterranean parking for an expansion of up to 8-10 units. When fully occupied, Total rents are a phenomenal $102,000 in yearly Gross Income at a 3.0% cap rate with two units currently under priced. No rent control allows a potential $115,200 Gross Income @ 4.5% cap at area average rents of $2800 per unit. Great investment w/upside potential. Only 15 minutes from new LA RAMS stadium, all major Freeways, Natural History Museum and Pico Union Arts Area. Perfect for 1031 exchange or investment safe harbor. This one is not to be missed!

Price History
9/6/2021 Listed $1,849,000
9/20/2021 11% - $1,649,000
10/30/2021 8% - $1,525,000

General Features

Accessibility Accessible Doors
Appliances 6 Burner Stove, Dishwasher, Disposal, Gas Oven, Refrigerator, Dryer
Architectural Style Mediterranean, Spanish
Carport Spaces 4
Carport Y/N Yes
Community Features Street Lights, Urban
Construction Materials Drywall, Ducts Professionally Air-Sealed, Concrete
Cooling Central Air, Wall/Window Unit(s)
Exterior Features Rain Gutters, TV Antenna
Flooring Laminate
Levels Two
Listing Agent Jahmall Ellis - BRE#01712283
Listing Agent State License 01712283
Lot Size Square Feet 6800
MLS Area C34 - Los Angeles Southwest
Open Parking Spaces 6
Pool Features None
Property Attached Y/N Yes
Property Sub Type Additional Apartment
Property SubType Apartment
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Spa Features None
Special Listing Conditions Standard
Status Active
Stories 2
Terms Cash, Cash to New Loan
Total Units 4
View City Lights
Water Sewer Expense 1265
Zoning LAR2

Interior Features

Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features None
Laundry Features Electric Dryer Hookup, Gas Dryer Hookup, Inside
Window Features Casement Window(s), Double Pane Windows

Exterior Features

Door Features Panel Doors
Fencing Average Condition, Wood
Foundation Details Combination, Slab
Lot Features 2-5 Units/Acre, Sprinklers In Front, Paved, Sprinkler System, Walkstreet, Yard
Lot Size Acres 0.16
Lot Size Area 6800
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 4
Parking Features Carport, Detached Carport
Road Frontage Type City Street
Road Surface Type Alley Paved
Total Parking 10
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90018

Price
AVG $1.27M
$1.53M
Visits
AVG 59
33
Year Built
AVG 1930
1928
Walkscore
AVG 74
80
Data Provided by Walkscore ® not using MLS data