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5034 W Slauson Avenue

Ladera Heights, CA 90056
  • $1,995,000
  • STATUS: Active
  • ON SITE: 118 Days
  • ID#: SB23146151
$1,995,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Sean Haghi of Elements Real Estate (310-577-8777) and Scott Niles of ()


Description

Extremely rare Triplex in highly sought after Ladera Heights now with fully Approved Plans!This is an investors dream to have a fully vacant income property delivered with approved plans for the remodel. Bring your contractor and start right away on the remodel.Located near the La Cienega corridor this Triplex property contains 3 large units of 1500-2000 sq ft. each.Approved plans call for adding a bedroom and bath to each existing floor-plan without adding square footage.The end result with be Two - 3 bedroom 3 bath units and One - 4 bedroom 3 bath unit, totaling almost 5715 sq ft, including the patios. Each unit is very open and spacious and have their own two car garage parking.The is a great location close to the freeway for commuter access, or about 10 minutes to LAX, 8 minutes to SoFi, all along the newly redeveloped part of La Cienega and Slauson Ave.Once your renovation is complete you will be able to secure the very top of the market in rents with potential of hitting 6% (or better) CAP rate.Property will be delivered fully vacant with interior demo having already been completed on 2 of the 3 units.Please call direct to schedule your private viewing.

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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/142208984
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5034 W Slauson Avenue Ladera Heights, CA 90056

  • Price: $1,995,000
  • Status: Active
  • On Site: 118 Days
  • ID#: SB23146151
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1959
Built
Neighborhood:
103 - Ladera Heights
County:
Los Angeles
Area:
103 - Ladera Heights
Property Description
Extremely rare Triplex in highly sought after Ladera Heights now with fully Approved Plans!This is an investors dream to have a fully vacant income property delivered with approved plans for the remodel. Bring your contractor and start right away on the remodel.Located near the La Cienega corridor this Triplex property contains 3 large units of 1500-2000 sq ft. each.Approved plans call for adding a bedroom and bath to each existing floor-plan without adding square footage.The end result with be Two - 3 bedroom 3 bath units and One - 4 bedroom 3 bath unit, totaling almost 5715 sq ft, including the patios. Each unit is very open and spacious and have their own two car garage parking.The is a great location close to the freeway for commuter access, or about 10 minutes to LAX, 8 minutes to SoFi, all along the newly redeveloped part of La Cienega and Slauson Ave.Once your renovation is complete you will be able to secure the very top of the market in rents with potential of hitting 6% (or better) CAP rate.Property will be delivered fully vacant with interior demo having already been completed on 2 of the 3 units.Please call direct to schedule your private viewing.
Exterior Features

Architectural Style Contemporary Carport YN Yes Entry Level 0 Entry Location Front Door Fencing None Foundation Details Combination Lot Features Near Public TransitRectangular Lot Number Of Separate Electric Meters 3 Parking Features Attached CarportDoor-SingleGarageGarage Faces Rear Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof CompositionShingle Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 1 Common Wall Fireplace Features GasLiving Room Fireplace YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 6.38 Common Interest None Community Features Urban Contingency Please call Sean Haghi to show. 949-294-8939. Email offers to Sean@elementsre.com. Broker has an owner interest in the property.Please submit all offers with Approval Letter/ Proof of Funds.The Sq of the property @ 5715 sq st includes the 3 patios. The sq ft without the patios is 5168 sq ft. Electric Electricity - On Property Electric Expense 2858 Garage YN Yes Gross Income 200070 Gross Scheduled Income 205200 Insurance Expense 5000 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupLaundry Closet Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanSubmit Maintenance Expense 1500 Net Operating Income 155978 New Construction YN No New Taxes Expense 23053 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 0 Operating Expense 44092 Other Expense 750 Pest Control Expense 750 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasSewerTrash CollectionWater Trash Expense 1800 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater ConnectedOverhead Utilities Vacancy Allowance 5130 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning LCR318U*



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): Sean Haghi of Elements Real Estate (310-577-8777) and Scott Niles of ()