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    5414 Denker Avenue

    Los Angeles (City), CA 90062
    • $930,000
    • STATUS: Closed
    • ON SITE: 90 days
    • ID#: 21728418
    Sold - 07/16/2021
    $930,000
    SOLD - 07/16/2021
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Turn key cash flow. Current rents are 100% subsidized. 22% upside in rents makes this an incredible value add property. 7.5 CAP to start! Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the opportunity to achieve cash flow from day 1. One unit currently vacant and it has been remodeled. **2 bedroom can be delivered vacant**

    Sold by Charles Mcmillan of Charles Mcmillan.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T14:30:50.533. 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. Licensed in the State of California, USA.
    www.twissrealty.com/homes/116839370
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    5414 Denker Avenue Los Angeles (City), CA 90062

    • Price: $920,000
    • Status: Closed
    • Updated: 33 min ago
    • ID#: 21728418
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1923
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    Turn key cash flow. Current rents are 100% subsidized. 22% upside in rents makes this an incredible value add property. 7.5 CAP to start! Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the opportunity to achieve cash flow from day 1. One unit currently vacant and it has been remodeled. **2 bedroom can be delivered vacant**
    Exterior Features

    Architectural Style Bungalow Parking Features None

    Interior Features

    Appliances Refrigerator Cooling None Cooling YN No Interior Features Ceiling Fan(S)

    Property Features

    Disclosures 3rd Party Rights Gross Income 91872 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 75625 Property Condition Fixer Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning Lac1

    Listing provided courtesy of William Creed of Clement Partners Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T14:30:50.533. 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. Licensed in the State of California, USA.
     
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