Multiple Listing Service Los Angeles Real Estate

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844 W 55th ST, LOS ANGELES, CA. 90037

Listing Price: $739,000 Sold Price: $720,000
Beds: N/A | Baths: 4

1 2

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Details

MLS#: SB20110383MR

APN#: 5001-010-011

Status: Sold

Lot Size: 5120

Sq Ft: 2422

Beds: N/A

Baths: 4

Style: N/A

Year Built: 2009

Subdivision:

Roof: N/A

Spa: N/A

Tennis: N/A

Laundry: Inside

Heat: N/A

Air: N/A

Property Type: Income

Sale Type: Standard

Land Type: Fee

Lease Amount: N/A

Lease Exp: N/A

HOD: N/A

Area: Los Angeles Southwest

City: LOS ANGELES

Zip code: 90037

Map: N/A

View: N/A

Waterfront: N/A

Sewer: N/A

Parking # 4

Security: N/A

Amenities: N/A

Pool: None

Floor: N/A

Rooms: N/A

Fireplace: N/A

Parking: N/A
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Remarks Community Report

Extremely desirable income producing duplex at a current cap rate of 5%. Built brand new in 2009, this property is exempt from the city and statewide rent control laws. Each unit consists of 4-bedrooms and 2-bathrooms each with in-unit laundry hook-ups for each renter. Fully occupied with long-term tenants in place, this is a plug and play purchase that will cash flow on day one. Proforma cap rate with increased rents to market rate could achieve close to 5.7%. If that was not enough, there are sketches from an AIA architect that show not one, but two 2-bedroom ADUs that could be built in back of the property, per city code. Buy now for amazing cash flow and build later to further increase your returns (buyer to conduct their own due diligence to verify). This is an exceptional value at the current price.

Seller's Agents

- Name: Haynes, Richard | Email
- Phone: 310-379-1724
- Cell: 310-756-5588
- CalDRE #: 01779425
- Office: Manhattan Pacific Realty, Inc.
- Office Phone: 310-379-1724
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- CalDRE #: N/A
- Office Name: N/A
- Office Phone: N/A

Buyer's Agents

- Name: Alamdar, Husnain | Email
- Phone: N/A
- Cell: 562-405-7096
- Lic #: 02027225
- Office: Keller Williams Pacific Estate
- Office Phone: 562-261-0900
- Name: N/A, N/A
- Phone: N/A
- Cell: N/A
- Lic #: N/A
- Office Name: N/A
- Office Phone: N/A

Last Updated: 6/6/2022 12:39:30 PM

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