1004 North Hicks Avenue
1004 North Hicks Avenue
Description
at a great price point, maintenance has not been deferred and the property has been in the same family for over thirty years. Come with all offers and lets get this into escrow ASAP! You will be glad...Reduced! Motivated Seller! Quadroplex located in an upcoming area of East Los Angeles, close to shopping, schools and public transportation, newer windows, large lot with endless possibilities for the savvy buyer or investor. don't let the opportunity to own residential income property in Los Angeles
at a great price point, maintenance has not been deferred and the property has been in the same family for over thirty years. Come with all offers and lets get this into escrow ASAP! You will be glad you did. This property is located in an unincorporated area and is not part of LAcity rent control. Property is being sold with tenants, the rents are moderate and the tenants are reliable with all rents current. Property is being offered AS-IS.
- Listed by Ricky Washington • DRE #01929060 • Brokerage DRE #01879720 • ReMax Estate Properties • 818-749-3893
Property Details for 1004 North Hicks Avenue
Location
Property Details for 1004 North Hicks Avenue
| Status | Active |
|---|---|
| MLS # | DW23122567 |
| Days on Market | 278 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1929 |
| Lot Size | 0.17 AC / 7,249 SF |
| County | Los Angeles County |
Location
Building Information for 1004 North Hicks Avenue
Payment Calculator
$6,879 per month
30 year fixed, 7.25% Interest
$6,276
$603
$0
Property Information for 1004 North Hicks Avenue
- Tenant Pays: Cable TV, Electricity, Gas
- Gross Income: $76,932
- Gross Scheduled Income: $75,792
- Gross Spendable Income: $76,800
- Vacancy Allowance: 0
- Vacancy Allowance Rate: 0
- Gross Operating Income: $76,800
- Net Operating Income: $52,917
- Cap Rate: 4.6
- Current Financing: None
- Operating Expense: $22,875
- New Taxes Expense: $16,575
- Gardener Expense: $0
- Cable TV Expense: $0
- Fuel Expense: $0
- Licenses Expense: $0
- Pest Control Expense: $600
- Pool Expense: $0
- Security Expense: $0
- Furniture Replacement Expense: $0
- Electric Expense: $0
- Insurance Expense: $2,100
- Maintenance Expense: $0
- Professional Management Expense: $0
- Workmans Compensation Expense: $0
- Trash Expense: $1,200
- Water Sewer Expense: $2,400
- Supplies Expense: $0
- Total Expenses: $22,875
- Tax Area: 932
- Tax Year: 2022
- Tax Annual Amount: $6,957
- Tax Block: 13
- Tax Tract Number: 5750
- Tax Census Tract: 5308.01
- CFD/Mello-Roos Fee: $0
- Taxes Percent: 1.52%
- Tax Lot: 2
- Accessibility Features: See Remarks
- Assessments YN: Yes
- Assessments: Buyer to Verify
- Community Features: Curbs
- Appliances: None
- Equipment: Gas Dryer Hookup, None, Room
- Room Type: All Bedrooms Down
- Bedroom Features: All Bedrooms Down
- Laundry: Yes
- Laundry Features: Gas Dryer Hookup, Individual Room
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Wall/Window Unit(s)
- Heating Type: Wall
- Heating: Wall Furnace
- Window Features: Double Pane Windows
- Construction Materials: Stucco
- Exterior Construction: Stucco
- Exterior: Stucco
- Roof: Composition
- Entry Location: Front
- Fence: Yes
- Fence: Wrought Iron
- Fencing: Wrought Iron
- View Description: None
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Walk Score: 72
- Green Energy Efficient: Windows
- Green Water Conservation: Flow Control
- Lot Features: 0-1 Unit/Acre, Front Yard
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Water: Public
- Sewer: Public Sewer
- Utilities: Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected
- Electric: Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected
- Water Source: Public
- Garage Spaces: 4
- Parking: Yes
- Parking Garage: Garage, Garage - 1 Car
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Parking Features: Garage, Garage - Single Door
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,800
- Unit Type Total Rent: $1,800
- Unit Type Pro Forma: 2400
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,556
- Unit Type Total Rent: $1,556
- Unit Type Pro Forma: 2400
- Unit Type Type: 2
- Unit Type Units Total: 3
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,480
- Unit Type Total Rent: $1,480
- Unit Type Pro Forma: 2400
- Unit Type Type: 3
- Unit Type Units Total: 4
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,480
- Unit Type Total Rent: $1,480
- Unit Type Pro Forma: 2400
- Unit Type Type: 4
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 1004 North Hicks Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1004 North Hicks Avenue
Schools near 1004 North Hicks Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Charter - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Harrison Street Elementary School PublicK to 6 | ||
Alliance College-Ready Middle Academy 8 Charter6 to 8 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of ReMax Estate Properties, Ricky Washington, DRE #01929060
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.