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5125 Oakland Street

El Sereno, CA 90032
  • $1,390,000
  • STATUS: Active
  • ON SITE: 61 Days
  • ID#: WS23183847
$1,390,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1916
County:

School Ratings & Info

Listing Agent(s): Talia Lai of Pinnacle Real Estate Group (626-888-9808)


Description

5-unit property located in the high demand rental area of El Sereno. 4-unit were added and completed in 1988. Excellent unit mix with (1) 2 bedrooms, 1 bath; (3) 2 bedrooms 1.5 baths & (1) 3 bedrooms, 1.75 bath. New energy star roof with a 30-yr warranty which was installed in June 2022. Most units' water heaters were replaced within the past 4 years. Each unit has 2 parking spaces on site. Individual gas and electrical meter. El Sereno is an upcoming city, adjacent to Alhambra, Highland Park, S. Pasadena. 10-15 Minutes drive to Costco, Home Depot, USC and Cal State L.A. Walkable score at 95. Lots of upside rent potential for new owner. All rents are current, no behind payment.

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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/144045931
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5125 Oakland Street El Sereno, CA 90032

  • Price: $1,390,000
  • Status: Active
  • On Site: 61 Days
  • ID#: WS23183847
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1916
Built
Neighborhood:
621 - El Sereno
County:
Los Angeles
Area:
621 - El Sereno
Property Description
5-unit property located in the high demand rental area of El Sereno. 4-unit were added and completed in 1988. Excellent unit mix with (1) 2 bedrooms, 1 bath; (3) 2 bedrooms 1.5 baths & (1) 3 bedrooms, 1.75 bath. New energy star roof with a 30-yr warranty which was installed in June 2022. Most units' water heaters were replaced within the past 4 years. Each unit has 2 parking spaces on site. Individual gas and electrical meter. El Sereno is an upcoming city, adjacent to Alhambra, Highland Park, S. Pasadena. 10-15 Minutes drive to Costco, Home Depot, USC and Cal State L.A. Walkable score at 95. Lots of upside rent potential for new owner. All rents are current, no behind payment.
Exterior Features

Architectural Style Custom Carport Spaces 6 Carport YN Yes Construction Materials Drywall Direction Faces South Entry Level 1 Entry Location steps up Lot Features Rectangular LotYard Number Of Separate Electric Meters 6 Open Parking Spaces 4 Parking Features Assigned Parking Total 10 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 None View YN No

Interior Features

Accessibility Features None Common Walls 2+ Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminateVinyl Heating Electric Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Cable Tv Expense 0 Cap Rate 4.8 Common Interest Community Apartment Community Features Street LightsSuburbanSidewalks Contingency Drive by onlyPlease write an offer subject to interior inspection. Please provide proof of fundpre-approval letter form direct lender or pre-qualified letter with credit score along with updated RIPA Form. Current Financing Conventional Electric Expense 1200 Garage YN No Gross Income 91907 Gross Scheduled Income 91907 Insurance Expense 3236 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan1031 Exchange Maintenance Expense 3676 Net Operating Income 66248 New Construction YN No New Taxes Expense 16680 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 22902 Pest Control Expense 1200 Pool Expense 0 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 200 Tenant Pays ADA UpgradesCable TVElectricityGasTrash CollectionTelephone Total Actual Rent 7658.93 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 2757 Vacancy Allowance Rate 3 Water Sewer Expense 7500 Water Source Public Zoning LARD3



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): Talia Lai of Pinnacle Real Estate Group (626-888-9808)