EXCELLENT RENTAL PROPERTY. PRESENTLY, TENANT OCCUPIED. MONTH TO MONTH LEASE. TENANTS WOULD LIKE TO REMAIN IN POSSESSION AFTER THE CLOSE OF ESCROW. OR THE UNIT COULD BE DELIVERED VACANT - BUYER'S CHOICE. This is an ideal situation for the first-time real estate investor as the property has very low maintenance needs. The Homeowner Association covers all exterior expenses. HOA Fees are a low $359.05 per month (Gardener, water, hot water, trash pickup, sewer and Earthquake insurance are included in HOA Fees). Conveniently located near restaurants, shopping and public transportation. Freeway access is only minutes away. FHA and VA approved Complex. ACTUAL ANNUAL GSI IS $30,000.
Property Type: Multi Family Home
Sub Type: Multi Family Home
Listing Status: Active
Zip Code: 90502
Year Built: 1973
Units: 1 unit
# of Parking Spaces: 3.00
Lot Size: 5.4683 acres
Pool or Spa: Association,Heated
View: Neighborhood, Yes
Area: 123 - County Strip
Association Amenities: Pool, Sauna, Barbecue, Outdoor Cooking Area, Picnic Area, Gym/Ex Room, Clubhouse, Banquet Facilities, Meeting Room, Earthquake Insurance, Gas, Insurance, Maintenance Grounds, Trash, Sewer, Water, Pet Rules, Pets Permitted, Weight Limit, Controlled Access, Hot Water
Association Fee: 359.00
Association Fee Frequency: Monthly
Association YN: Yes
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Total: 1065.00
Building Area Units: Square Feet
Cap Rate: 4.50
Carport Spaces: 1.00
Common Walls: 2+ Common Walls, End Unit
Community Features: Curbs, Sidewalks
Directions: Complex Located on North side of Sepulveda Boulevard between Normandie and Vermont Avenue. Visitor Parking Lot located at 1117 Sepulveda Boulevard. Cross Streets: Marigold & Sepulveda
Gross Income: 30000.00
Gross Multiplier: 13.97
Gross Operating Income: 29250.00
Gross Scheduled Income: 30000.00
Heating YN: Yes
Insurance Expense: 780.00
Laundry Features: Community
Laundry YN: Yes
Listing Agent License: 01954807
Listing Office License: 00983568
Lot Features: Lot Over 40000 Sqft
Lot Size Area: 238199.0000
Lot Size Source: Assessor
Lot Size Units: Square Feet
Net Operating Income: 18883.00
New Taxes Expense: 5279.00
Number Of Buildings: 1
Number Of Separate Electric Meters: 1
Number Of Separate Gas Meters: 1
Number Of Separate Water Meters: 1
Operating Expense: 10367.00
Other Expense: 4308.00
Other Expense Description: HOA Fee
Property Attached YN: Yes
Room Type: All Bedrooms Down, Kitchen, Living Room, Master Bathroom, Master Bedroom
Sewer: Public Sewer, Sewer Paid
Total Expenses: 10367.00
Uncovered Spaces: 2.00
Water Source: Public
Year Built Source: Public Records
Courtesy of Re/Max Estate Properties, Lawrence Yore
Yasna went above and beyond for my wife and I!!
We were in New York and it would have been stressful trying to sell from so far away; however we were at peace knowing that Yasna was there to take care of every last detail for us.
There were many things that we would have had to handle ourselves during the process. Yasna took charge of everything and assured us that we did not need to worry.
She succeeded where others had failed, not only in selling and expediting the closing of our property but managing to get us the highest price and quickest settlement as well.
Anyone who is looking for the perfect realtor for your purchase or sale would be blessed to choose Yasna.
We also gained a new friend in the process. It doesn't get any better than that!
Kind regards,Michael & Josie Marie Cianci
Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.