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Listing 1 out of 500
$699,000 For Sale
528 South Avenue 19
Los Angeles, CA 90031
13 beds, 3.5 baths | Residential Income
3,696 sq ft, 0.08 acre lot - MLS# 317001952
Property Photo
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Description

Opportunity to own 3 Units + 9 Bedroom Rooming House in one of LA's hottest neighborhoods, Lincoln Heights. Actual Income of $6,126/month - $73,513/year with good in-place income/cash flow + future upside in rents + value add potential for unused spaces. The site consists of 2 buildings connected by a breezeway totaling 3,696 square feet. The front building has 2, 1/1 Units that are spacious with high ceilings on the 1st floor and 9 Bedrooms + 2, 1/4 baths, shower room, and kitchen area on the 2nd floor. The back building consists of 2 bedrooms, storage room, and potential for additional income by re-configuring unused spaces (see floorplan). Minutes to vibrant DTLA, Chinatown, and leafy 32-acre LA State Historic Park. Capitalize on LA River Revitalization Plans, Albion Riverside Park (6-acre extension of Downey Park), and proposed mixed use developments coming to Lincoln Heights.

Features

  • Property Type: Residential Income
  • Sub Type: Other (L)
  • Listing Status: Active
  • Listing Price: $699,000
  • County/Area: Los Angeles County
  • Zip Code: 90031
  • Year Built: 1897
  • Subdivision/Neighborhood: Lincoln Heights (677)
  • Sq.Ft.: 3,696 sq ft
  • Stories: 2
  • Bedrooms: 13
  • Baths (full): 2
  • Baths (partial): 3
  • Total Baths: 5.0
  • Lot SqFt: 3484.8
  • Zoning: LAM2
  • 1/4 Baths: 3
  • Actual Annual Gross Rent: 73513.00
  • Agent License Number: 01438116
  • City Code: 10000058287
  • Common Walls: Attached
  • Expense Electric: 3252.00
  • Expense Gas: 1110.00
  • Expense Insurance: 2766.00
  • Expense Licenses: 1428.00
  • Expense Maintenance: 2400.00
  • Expense Other: 1647.00
  • Expense Pest: 468.00
  • Expense Trash: 1168.00
  • Expense Water: 2235.00
  • Foundation Details: Raised Foundation
  • Gross Rent Multiplier: 9.50
  • Levels: Two Level
  • Lot Size SQ FT: 3292
  • Lot Size Source: Public Records
  • Monthly Gross Income: $6,126
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of Buildings: 2
  • Number Water Meters: 1
  • Other Structural Features: Balcony
  • Owner Pays: Electric, Water, Gas
  • Square Footage Source: Public Records
  • Status: Active
  • Unit Number Of Bath01: 1.0
  • Unit Number Of Bath02: 1.0
  • Unit Number Of Bed01: 1
  • Unit Number Of Bed02: 1
  • Unit Number Of Bed03: 2
  • Unit Number Of Bed04: 1
  • Unit Number Of Bed05: 1
  • Unit Number Of Bed06: 1
  • Unit Number Of Bed07: 1
  • Unit Number Of Bed08: 1
  • Unit Number Of Bed09: 1
  • Unit Number Of Bed10: 1
  • Unit Number Of Bed11: 1
  • Unit Number Of Bed12: 1
  • Units In Complex: 12
  • Water District: LADWP
  • Water Heaters YN: Yes
Courtesy of Berkshire Hathaway Homeservices California Properties, Norman Kawaguchi (CalBRE: 01438116)



Based on information from CARETS as of 2017-03-28 23:09:37. 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 website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


 

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