3621 Folsom Street

    Los Angeles (City), CA 90063
    • $595,000
    • STATUS: Active Under Contract
    • ON SITE: 221 days
    • ID#: 18339196
    Under Contract
    UPDATED: 37 min ago
    $595,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,070
      SQFT
    • $287
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    PROBATE Sale, subject to Court Confirmation, and overbidding in Court. For Sale AFTER more than 33 years. Three non-rent control units on a large 8,262 sqft lot located in City Terrace in an unincorporated community in L.A. County. Property needs rehab. Property Delivered vacant at COE. Income and Expense numbers are PROJECTED. New roof in the year 2000. 3 separate gas meters. 2 electric meters (front house has one electric meter for both units). Zoning is LCR2. Sold "As Is" And "Where Is" Will be delivered vacant at COE. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.

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    Based on information from CARETS as of 2018-12-09T14:44:37.94. 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/83127171

    3621 Folsom Street Los Angeles (City), CA 90063

    • Price: $595,000
    • Status: Active Under Contract
    • Updated: 37 min ago
    • ID#: 18339196
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    2,070
    SQFT
    $287
    $/SQFT
    1924
    Built
    Neighborhood:
    East Los Angeles (ELA)
    County:
    Los Angeles
    Area:
    East Los Angeles (ELA)
    Property Description
    PROBATE Sale, subject to Court Confirmation, and overbidding in Court. For Sale AFTER more than 33 years. Three non-rent control units on a large 8,262 sqft lot located in City Terrace in an unincorporated community in L.A. County. Property needs rehab. Property Delivered vacant at COE. Income and Expense numbers are PROJECTED. New roof in the year 2000. 3 separate gas meters. 2 electric meters (front house has one electric meter for both units). Zoning is LCR2. Sold "As Is" And "Where Is" Will be delivered vacant at COE. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.
    Exterior Features

    Parking Spaces Total 0 Parking Type Garage Is DetachedOn Street

    Interior Features

    Cooling Type Window Unit(S)Ceiling Fan(S) Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Partially Unit Furnished03 Partially 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 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bed01 3 Unit Number Of Bed02 3 Unit Number Of Bed03 1

    Property Features

    Adjusted Gross Income 45600.00 Assessed Improvement Value 29119.00 Assessed Land Value 21310.00 Buyer Financing Cash Cap Rate 5.11 Country United States Of America Expense Insurance 1500.00 Expense Maintenance 2280.00 Expense Tax 6695.00 Expense Total Annual 12875.00 Expense Water 2400.00 Gross Operating Income 43320.00 Gross Rent Multiplier 13.04 Hoa YN N Legal Disclosures Take Property As IsCourt Approval Required Listing Terms Cash Lot Size Source Other Net Operating Income 30445.00 Number Of Buildings 3 Special Conditions Probate Square Footage Source Other Unit Monthly Rent01 1600.00 Unit Monthly Rent02 1200.00 Unit Monthly Rent03 1000.00 Unit Projected Total Monthly Rent01 1600.00 Unit Projected Total Monthly Rent02 1200.00 Unit Projected Total Monthly Rent03 1000.00 Unit Total Monthly Rent01 0.00 Unit Total Monthly Rent02 0.00 Unit Total Monthly Rent03 0.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Units Total In Complex 3 Zoning Lcr2*

    Listing provided courtesy of Vineendra Jain DRE#01413466 of Ingenious Asset Group, Inc..


    Based on information from CARETS as of 2018-12-09T14:44:37.94. 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