1321 Colorado

    Los Angeles (City), CA 90041
    • $899,000
    • STATUS: Active Under Contract
    • ON SITE: 62 days
    • ID#: 18395156
    Under Contract
    UPDATED: 26 min ago
    $899,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,105
      SQFT
    • $427
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Wonderful opportunity to own an income generating property in Eagle Rock. This triplex is centrally located near commerce, entertainment, eateries and public transportation. Minutes to Pasadena, Glendale and DTLA. 2 units are situated towards the front and the 3rd unit is located toward the back. You can live in the 3rd unit or alternatively, rent it for top dollar. The unit has direct access to the backyard from your living room and master bedroom. The house has mid-century period details. New cabinetry in kitchen and baths, quartz counter tops and extensive use of tile, period inspired door knobs and lighting. Ample backyard . Walking distance to local beer and coffee shop. Garage for 3 cars and on-site laundry.Projected Cash flow over $7,000 yearly putting 20% down $3845 P&I+ $100 Ins + $608 Taxes+ $329.64 Utilities and Maintenance= -$4882.64+ 5494 Total income if the back renovated unit is rented = $611.36 cash flow. Huge upside once the other units have been vacated.

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    Based on information from CARETS as of 2018-12-11T22:48:37.51. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/88352540

    1321 Colorado Los Angeles (City), CA 90041

    • Price: $899,000
    • Status: Active Under Contract
    • Updated: 26 min ago
    • ID#: 18395156
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,105
    SQFT
    $427
    $/SQFT
    1955
    Built
    Neighborhood:
    Eagle Rock (618)
    County:
    Los Angeles
    Area:
    Eagle Rock (618)
    Property Description
    Wonderful opportunity to own an income generating property in Eagle Rock. This triplex is centrally located near commerce, entertainment, eateries and public transportation. Minutes to Pasadena, Glendale and DTLA. 2 units are situated towards the front and the 3rd unit is located toward the back. You can live in the 3rd unit or alternatively, rent it for top dollar. The unit has direct access to the backyard from your living room and master bedroom. The house has mid-century period details. New cabinetry in kitchen and baths, quartz counter tops and extensive use of tile, period inspired door knobs and lighting. Ample backyard . Walking distance to local beer and coffee shop. Garage for 3 cars and on-site laundry.Projected Cash flow over $7,000 yearly putting 20% down $3845 P&I+ $100 Ins + $608 Taxes+ $329.64 Utilities and Maintenance= -$4882.64+ 5494 Total income if the back renovated unit is rented = $611.36 cash flow. Huge upside once the other units have been vacated.
    Exterior Features

    Parking Spaces Total 3 Parking Type Garage - Three Door View Canyon View

    Interior Features

    Appliances DishwasherGarbage DisposalRefrigerator Cooking Appliances Range Hood Cooling Type Central A/COther Fireplace Rooms None Fireplace YN No Heating Type Central FurnaceOther Interior Features Other Laundry Locations CommunityLaundry Area Total Floors 0 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 2.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 1 Unit Number Of Bed03 1

    Property Features

    Adjusted Gross Income 0.00 Assessed Improvement Value 39264.00 Assessed Land Value 26593.00 Country United States Of America Expense Total Annual 0.00 Gross Operating Income 0.00 Gross Rent Multiplier 0.00 Hoa YN N Legal Disclosures Other Lot Size Source Vendor Enhanced Net Operating Income 0.00 Number Of Buildings 3 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 0.00 Unit Monthly Rent02 824.00 Unit Monthly Rent03 670.00 Unit Projected Total Monthly Rent01 3800.00 Unit Projected Total Monthly Rent02 1700.00 Unit Projected Total Monthly Rent03 1700.00 Unit Total Monthly Rent01 0.00 Unit Total Monthly Rent02 824.00 Unit Total Monthly Rent03 670.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Units Total In Complex 3 Zoning Lac4

    Listing provided courtesy of Jeffrey Bar DRE#01938636 of Nela Homes.


    Based on information from CARETS as of 2018-12-11T22:48:37.51. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381