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965 42nd Place, Los Angeles, CA 90037

7 Bed, 4 Bath Multi-Family Home For Sale

965 42nd Place, Los Angeles, CA 90037 House For Sale - MLS #17279880
$595,000
7
4
Multi-Family
3 Family
This listing is courtesy of Jeffrey Hill from Keller Williams Beverly Hills.

Property Description for 965 42nd Place, Los Angeles, CA 90037

Incredible opportunity! 1BR 1BA plus 2BR 2BA plus 4BR 1BA Triplex! 965 AND 965.5 AND 965.25 W. 42nd Place! Please DO NOT DISTURB OCCUPANTS! Substantially underperforming! Offers subject to inspection. Drive by only! DO NOT DISTURB OCCUPANTS. NEW ROOF, NEW DUAL GLAZED VINYL WINDOWS, NEW EXTERIOR PAINT, NEW INTERIOR PAINT 965 1/4. Rare 7 bedroom 4 bath Triplex Market Rent would be $1400+$2400(for 2BR2BA)+$2900(for 4BR1BA) =$6700/mo MARKET RENT TODAY! Do the math X 12 mo = $80,400 GROSS RENT (If you can get today's market) projected to increase for the next several years! HERO loan to complete windows and roof. List price reflects HERO loan assumed by buyer.5%vacancy&1.75% of SP (subtract as expenses) AGI=$65,967.5 =11.086% cap rate!

Interior Details

2,597 sq. ft.
$229.11/sq. ft.

Exterior Details

0.06 acres
2,764 sq. ft.

Other Details

17279880
1903

Units Description

Unit #1
Bedrooms: 1      Full / Half Baths: 1      Rent: $1,400     

Unit #2
Bedrooms: 2      Full / Half Baths: 2      Rent: $1,101     

Unit #3
Bedrooms: 4      Full / Half Baths: 1      Rent: $1,290     

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Monthly Mortgage Payments

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$3,764

Town Description

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