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3813 Baldwin Street

Los Angeles (City), CA 90031
  • $1,750,000
  • STATUS: Active
  • ON SITE: 165 Days
  • ID#: PW23109163
$1,750,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Ratings & Info

Listing Agent(s): Khoi Le of Torelli Realty (714-540-7355)


Description

Wonderful opportunity to own a 9 unit multi-family located in Lincoln Heights, Los Angeles. This building offers an abundance of covered parking space and is conveniently located nearby freeways. The building includes one 4bed/2bath and eight 1bed/1bath units all on separate gas and electrical meter. Owner pays for water and trash. The laundry room located in the parking. 8 of 9 tenants have been there long term. One of the 1bed/1bath units has been remodeled and currently has new tenant paying $1,800. Roof has been recently maintained and half the units have been redrained by current owner. Currently at 100% occupancy.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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/140791769
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3813 Baldwin Street Los Angeles (City), CA 90031

  • Price: $1,750,000
  • Status: Active
  • On Site: 165 Days
  • ID#: PW23109163
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1975
Built
Neighborhood:
677 - Lincoln Hts
County:
Los Angeles
Area:
677 - Lincoln Hts
Property Description
Wonderful opportunity to own a 9 unit multi-family located in Lincoln Heights, Los Angeles. This building offers an abundance of covered parking space and is conveniently located nearby freeways. The building includes one 4bed/2bath and eight 1bed/1bath units all on separate gas and electrical meter. Owner pays for water and trash. The laundry room located in the parking. 8 of 9 tenants have been there long term. One of the 1bed/1bath units has been remodeled and currently has new tenant paying $1,800. Roof has been recently maintained and half the units have been redrained by current owner. Currently at 100% occupancy.
Exterior Features

Entry Level 2 Entry Location Front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 9 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.85 Common Interest Community Apartment Community Features Street LightsSidewalks Electric Expense 1903.8 Fuel Expense 3434.4 Garage YN No Gross Income 116983 Gross Scheduled Income 116983 Insurance Expense 5689 Land Lease YN No Laundry Features Common AreaInside Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 67491 New Construction YN No Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 49492 Other Expense 21056 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 9748.6 Trash Expense 4929.6 Water Sewer Expense 10679 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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): Khoi Le of Torelli Realty (714-540-7355)