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    1037 S Redondo Boulevard

    Los Angeles (City), CA 90019
    • $1,600,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: SR21165684
    UPDATED: 82 min ago
    $1,600,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Great duplex located in Mid Wilshire, one of the most highly desirable areas in Los Angeles. Perfectly situated around some of the best shopping and restaurants as well as short drive to the 10 freeway for commutes. The upstairs unit has three bedrooms plus a sun room and one bathroom. The owner did some updates on the upper unit about 3 years ago. The lower unit has two bedrooms and one bath and some renovations were done just under two years ago. Drive through the porte-cochre to the 3 garages in back as well as a storage unit and extra space for parking. You could purchase and keep tenants or live in one unit and lease the other. There is potential for updating both units and bring in higher rent as well as the possibly for an ADU in the back over the garages. This property is also located in the HPOZ and is a contributing building so the new owner could apply for the Mills Act on the property as well. So many things the buyer can choose to do.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-26T22:25:30.623. 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 The Kohler Group | Zutila. Licensed in the State of California, USA.
    www.buysocal.homes/homes/119812062
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    1037 S Redondo Boulevard Los Angeles (City), CA 90019

    • Price: $1,600,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: SR21165684
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1924
    Built
    Neighborhood:
    C19 - Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    C19 - Beverly Center-Miracle Mile
    Property Description
    Great duplex located in Mid Wilshire, one of the most highly desirable areas in Los Angeles. Perfectly situated around some of the best shopping and restaurants as well as short drive to the 10 freeway for commutes. The upstairs unit has three bedrooms plus a sun room and one bathroom. The owner did some updates on the upper unit about 3 years ago. The lower unit has two bedrooms and one bath and some renovations were done just under two years ago. Drive through the porte-cochre to the 3 garages in back as well as a storage unit and extra space for parking. You could purchase and keep tenants or live in one unit and lease the other. There is potential for updating both units and bring in higher rent as well as the possibly for an ADU in the back over the garages. This property is also located in the HPOZ and is a contributing building so the new owner could apply for the Mills Act on the property as well. So many things the buyer can choose to do.
    Exterior Features

    Lot Features Rectangular Lot Number Of Separate Electric Meters 0 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Cap Rate 3.4 Common Interest None Community Features Urban Disclosures Historical Electric Expense 5000 Exclusions Refrigerators And Washer/Dryers Fuel Expense 602 Garage YN Yes Gross Income 69600 Gross Scheduled Income 69600 Inclusions Stove/Oven Insurance Expense 1654 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 Exchange Net Operating Income 54435 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 15165 Pest Control Expense 191 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Trash Expense 0 Water Sewer Expense 5830 Water Source Public Zoning Lar2

    Listing provided courtesy of Amber Dolle-Field of Keller Williams Vip Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-26T22:25:30.623. 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 The Kohler Group | Zutila. Licensed in the State of California, USA.
     
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    The Kohler Group | Zutila
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    Irvine CA, 92604