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1037 Alpine Street

Los Angeles (City), CA 90012
  • $1,450,000
  • STATUS: Active
  • ON SITE: 131 Days
  • ID#: WS23136120
UPDATED: 56 min ago
$1,450,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Listing Agent(s): Chih Hu of Kw Executive (626-872-2207)


Description

Price improvement, +100k in your client's pocket. Discover an outstanding triplex income property at 1037 Alpine Street, nestled in highly sought-after Los Angeles Echo Park/ Victor Heights area. This unique investment offers two 1 bed, 1 bath Units in the front and a separate 4 bed, 2 bath units in the back with 4 single parking garages. Income Potential: With three units, this property presents an excellent opportunity to generate substantial rental income, making it an investor's dream or a homeowner's savvy investment. Both units includes an expansive basement and a peaceful center courtyard surround by tall trees. Property is zoned as C1 with potential for mix-use commercial and residential use. Location: Enjoy unparalleled convenience with trendy restaurants, cultural attractions, premier shopping centers, and entertainment options all within easy reach. This prime location places you near iconic landmarks such as Dodger Stadium, Echo Park, and the vibrant Chinatown district. Walking distance to the famous East Side Italian Deli and upcoming Alpine Bungalow with it's new shops and businesses. Don't miss out on this rare find! Seize the opportunity at 1037 Alpine Street in prime Los Angeles.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T21:30:19.863. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/141782292
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1037 Alpine Street Los Angeles (City), CA 90012

  • Price: $1,450,000
  • Status: Active
  • On Site: 131 Days
  • Updated: 56 min ago
  • ID#: WS23136120
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1900
Built
Neighborhood:
Chna - Chinatown
County:
Los Angeles
Area:
Chna - Chinatown
Property Description
Price improvement, +100k in your client's pocket. Discover an outstanding triplex income property at 1037 Alpine Street, nestled in highly sought-after Los Angeles Echo Park/ Victor Heights area. This unique investment offers two 1 bed, 1 bath Units in the front and a separate 4 bed, 2 bath units in the back with 4 single parking garages. Income Potential: With three units, this property presents an excellent opportunity to generate substantial rental income, making it an investor's dream or a homeowner's savvy investment. Both units includes an expansive basement and a peaceful center courtyard surround by tall trees. Property is zoned as C1 with potential for mix-use commercial and residential use. Location: Enjoy unparalleled convenience with trendy restaurants, cultural attractions, premier shopping centers, and entertainment options all within easy reach. This prime location places you near iconic landmarks such as Dodger Stadium, Echo Park, and the vibrant Chinatown district. Walking distance to the famous East Side Italian Deli and upcoming Alpine Bungalow with it's new shops and businesses. Don't miss out on this rare find! Seize the opportunity at 1037 Alpine Street in prime Los Angeles.
Exterior Features

Architectural Style Victorian Carport Spaces 0 Entry Level 1 Entry Location Stree Fencing Wire Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 3 Open Parking Spaces 0 Parking Features Door-SingleGarage Faces FrontGarageGarage Faces Side Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Shingle Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Appliances Electric RangeGas RangeWater HeaterSump Pump Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating Wall Furnace Heating YN Yes Interior Features High Ceilings

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street LightsSidewalks Contingency none Current Financing None Disclosures Rent Control Garage YN Yes Gross Income 104400 Gross Scheduled Income 104400 Insurance Expense 2800 Land Lease YN No Laundry Features InsideSee Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeFHAVA Loan Net Operating Income 737000 New Construction YN No New Taxes Expense 19200 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 30700 Possession Close Of Escrow Property Condition Repairs CosmeticUpdated/Remodeled Property Sub Type Triplex Rent Control YN Yes Security Features Window Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 3450 Trash Expense 0 Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer ConnectedWater Connected Water Sewer Expense 2700 Water Source Public Zoning LAC1



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T21:30:19.863. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Chih Hu of Kw Executive (626-872-2207)