3721 Ruthelen Street

    Los Angeles (City), CA 90018
    • $1,000,000
    • STATUS: Closed
    • ON SITE: 140 days
    • ID#: 18369076
    Sold - 12/07/2018
    $1,000,000
    SOLD - 12/07/2018
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,428
      SQFT
    • $292
      $/SQFT
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Looking for a true value income property? Here it is!! This 6 unit multi-family income property offers: 4 separate buildings on 1 Corner Lot. Lot total square footage is 6847. LAR4 Zoning, 1Unit currently VACANT. The opportunity to own a Strong & centrally located rental pocket 2 miles from USC & DTLA (a dense rental market), 1 block from LA Metro Line at Exposition. A 6Unit Mix of: 5units are 1 BED/ 1BA, & 1unit is a Single. 2- 1BED units are approx 750 sqft ea, 2- 1BED units approx 583 sqft ea., & 1 BD & single units approx 381 sqft ea. Total SQ FT 3428 living space. Incredible opportunity for projected cash flow. PROJECTED Market Rents: 2 units $1750/ea, 2units $1600/ea, 2units $1100/ea =$9000/mo. Great estimated rate of return. Separately metered for Gas & electricity except for 2 Single units are combined. 2-1 car garages & 3 uncovered parking spaces. Each unit has own Address, Entrance and Mailbox. Property sold in AS-IS condition.

    Sold by Ofer Halimi BRE#02016257 of Keller Williams Realty Encino-Sherman Oa.

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    Based on information from CARETS as of 2018-12-12T23:47:14.02. 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/85964589

    3721 Ruthelen Street Los Angeles (City), CA 90018

    • Price: $1,100,000
    • Status: Closed
    • ID#: 18369076
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,428
    SQFT
    $292
    $/SQFT
    1924
    Built
    Neighborhood:
    Park Hills Heights (PHHT)
    County:
    Los Angeles
    Area:
    Park Hills Heights (PHHT)
    Property Description
    Looking for a true value income property? Here it is!! This 6 unit multi-family income property offers: 4 separate buildings on 1 Corner Lot. Lot total square footage is 6847. LAR4 Zoning, 1Unit currently VACANT. The opportunity to own a Strong & centrally located rental pocket 2 miles from USC & DTLA (a dense rental market), 1 block from LA Metro Line at Exposition. A 6Unit Mix of: 5units are 1 BED/ 1BA, & 1unit is a Single. 2- 1BED units are approx 750 sqft ea, 2- 1BED units approx 583 sqft ea., & 1 BD & single units approx 381 sqft ea. Total SQ FT 3428 living space. Incredible opportunity for projected cash flow. PROJECTED Market Rents: 2 units $1750/ea, 2units $1600/ea, 2units $1100/ea =$9000/mo. Great estimated rate of return. Separately metered for Gas & electricity except for 2 Single units are combined. 2-1 car garages & 3 uncovered parking spaces. Each unit has own Address, Entrance and Mailbox. Property sold in AS-IS condition.
    Exterior Features

    Building Structure Style Spanish Covered Spaces Total 2 Direction Faces Faces EastFaces South Entry Location Main Level Garage Spaces Total 2.0 Garage Structures Total 1 Parking Features Uncovered Parking Spaces Total 5 Parking Type Garage - Two DoorGarage Is Detached

    Interior Features

    Appliances Gas Dryer Hookup Cooling Type None Heating Fuel Wall Gas Heating Type Wall Gas Laundry Locations Laundry Area In Unit Levels Multi LevelsOne Level Total Floors 1 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished 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 Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 1 Unit Number Of Bed05 0 Unit Number Of Bed06 1

    Property Features

    Adjusted Gross Income 71172.00 Assessed Improvement Value 29554.00 Assessed Land Value 22789.00 Cap Rate 4.50 Country United States Of America Expense Total Annual 20750.00 Gross Operating Income 71172.00 Gross Rent Multiplier 15.40 Hoa YN N Legal Disclosures Take Property As Is Listing Terms New Lot Size Source Vendor Enhanced Net Operating Income 50422.00 Number Of Buildings 4 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 0.00 Unit Monthly Rent02 990.00 Unit Monthly Rent03 650.00 Unit Monthly Rent04 850.00 Unit Monthly Rent05 1041.00 Unit Monthly Rent06 800.00 Unit Projected Total Monthly Rent01 1600.00 Unit Projected Total Monthly Rent02 1600.00 Unit Projected Total Monthly Rent03 1750.00 Unit Projected Total Monthly Rent04 1750.00 Unit Projected Total Monthly Rent05 1100.00 Unit Projected Total Monthly Rent06 1200.00 Unit Total Monthly Rent01 0.00 Unit Total Monthly Rent02 990.00 Unit Total Monthly Rent03 650.00 Unit Total Monthly Rent04 850.00 Unit Total Monthly Rent05 1041.00 Unit Total Monthly Rent06 800.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 6 Zoning Lar4

    Listing provided courtesy of Hollie Frey DRE#02016257 of Robert Pitts Estates.


    Based on information from CARETS as of 2018-12-12T23:47:14.02. 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.
     
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