735 Laconia Boulevard

    Los Angeles (City), CA 90044
    • $2,100,000
    • STATUS: Active
    • ON SITE: 185 days
    • ID#: EV18066000
    Price Reduced
    UPDATED: 40 min ago
    $2,100,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,184
      SQFT
    • $405
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    JUST REDUCED! Regioncy is proud to present a non rent controlled, 1992 construction of a 7-Unit apartment building located within a great rental pocket. All 2 bed 1 bath units, 14 parking spaces (rented) and onsite laundry. Stabilized income stream with long term upside. Most major components of building have been modernized copper piping, upgraded electrical to 60 amp, new roof, pervious pavers, artificial landscape, dual pane windows, HVAC systems, new roof, fully enclosed property with gated entry and state of the art security camera system. Fully assumable loan with favorable terms @ 3.75% rate fixed for another 4.5 years, due in 20 and amortized over 30. Existing balance is around $1,312,000.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-24T16:33:44.413. 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.
    www.amazingtemeculahomes.com/homes/81918174

    735 Laconia Boulevard Los Angeles (City), CA 90044

    • Price: $2,100,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: EV18066000
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    5,184
    SQFT
    $405
    $/SQFT
    1991
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    JUST REDUCED! Regioncy is proud to present a non rent controlled, 1992 construction of a 7-Unit apartment building located within a great rental pocket. All 2 bed 1 bath units, 14 parking spaces (rented) and onsite laundry. Stabilized income stream with long term upside. Most major components of building have been modernized copper piping, upgraded electrical to 60 amp, new roof, pervious pavers, artificial landscape, dual pane windows, HVAC systems, new roof, fully enclosed property with gated entry and state of the art security camera system. Fully assumable loan with favorable terms @ 3.75% rate fixed for another 4.5 years, due in 20 and amortized over 30. Existing balance is around $1,312,000.
    Exterior Features

    Fence YN Yes Fencing Wrought Iron Garage Spaces 3.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Common Roof Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Area Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.02 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 288.00 Garage Income 540.00 Gardener Expense 600.00 Gross Income 590.00 Gross Operating Income 142066.00 Gross Scheduled Income 146460.00 Insurance Expense 3749.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 50.00 Laundry YN Yes Licenses Expense 660.00 Net Operating Income 90541.00 New Taxes Expense 27720.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 51525.00 Operating Expense Percent 35.00 Other Expense 660.00 Other Expense Description Electric Professional Management Expense 7510.00 Property Condition Turnkey Rent Control YN No Security Features Automatic GateCarbon Monoxide Detector(S)Security LightsSecurity System Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 11615.00 Total Expenses 51525.00 Trash Expense 2679.00 Vacancy Allowance 4394 Vacancy Allowance Rate 3.00 Water Sewer Expense 3575.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Nathan Diones of Regioncy Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-24T16:33:44.413. 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.
     
    Impact Real Estate
    28693 Old Town Front St #300-C
    Temecula CA, 92590