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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
Under Agreement
$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 + 2BR 2BA + 4BR 1BA Triplex! 965 AND 965.5 AND 965.25 W. 42nd DO NOT DISTURB OCCUPANTS! Substantially underperforming! Offers subject to inspection. Drive by only! NEW ROOF, NEW DUAL GLAZED VINYL WINDOWS, NEW EXTERIOR PAINT, NEW INTERIOR PAINT @ 965 1/4. Rare 7 bedroom 4 bath Triplex Market Rent projected $1400+$2400(2BR2BA)+$2900(4BR1BA) =$6700/mo MARKET RENT TODAY! Do the math X 12 mo = $80,400 GROSS RENT (When you obtain today's market) projected to increase for the next several years! HERO loan used 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! Cash Flow!

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: $1,936     

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Town Description

Los Angeles is subject to earthquakes due to its location on the Pacific Ring of Fire. The geologic instability has produced numerous faults, which cause approximately 10,000 earthquakes annually. One...

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