1038 Dewey Avenue
1038 Dewey Avenue
Description
Olympic Boulevard. There are 2 units on the second floor, each with 3 bedrooms and 2 bathrooms, and both have two separate entrances. On the
third floor, there are 4 one-bedroom units. The property has been recently upgraded and is currently renting at a rate below the market average,
ensuring the potential for higher income in the future. There is no rent control...This is a 6-unit property located in the heart of LA's Koreatown. It is situated between Vermont and Western Avenues, right in the center of
Olympic Boulevard. There are 2 units on the second floor, each with 3 bedrooms and 2 bathrooms, and both have two separate entrances. On the
third floor, there are 4 one-bedroom units. The property has been recently upgraded and is currently renting at a rate below the market average,
ensuring the potential for higher income in the future. There is no rent control in place
- Listed by Anna Jung • DRE #01481661 • Brokerage DRE #01933726 • Redpoint Realty • 714-318-3663
Property Details for 1038 Dewey Avenue
Location
Property Details for 1038 Dewey Avenue
| Status | Active |
|---|---|
| MLS # | PW24091545 |
| Days on Market | 17 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1989 |
| County | Los Angeles County |
Location
Building Information for 1038 Dewey Avenue
Payment Calculator
$13,843 per month
30 year fixed, 7.25% Interest
$12,006
$1,837
$0
Property Information for 1038 Dewey Avenue
- Gross Income: $153,600
- Gross Scheduled Income: $153,600
- Net Operating Income: $118,543
- Operating Expense: $35,057
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $4,360
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $7,323
- Tax Block: 23
- Tax Tract Number: 0
- Tax Census Tract: 2133.20
- CFD/Mello-Roos Fee: $0
- Tax Lot: 18
- Community Features: Street Lights
- Laundry: Yes
- Laundry Features: Outside
- Entry Location: 2
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 6-10 Units/Acre
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 8
- Parking Garage Spaces: 8
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,800
- Unit Type Total Rent: $2,800
- Unit Type Pro Forma: 3000
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,900
- Unit Type Total Rent: $2,900
- Unit Type Pro Forma: 3000
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,900
- Unit Type Total Rent: $1,900
- Unit Type Pro Forma: 2000
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,700
- Unit Type Total Rent: $1,700
- Unit Type Pro Forma: 2000
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- 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: 2000
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,700
- Unit Type Total Rent: $1,700
- Unit Type Pro Forma: 2000
- Unit Type Type: 6
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 6
Property History for 1038 Dewey 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 1038 Dewey Avenue
Schools near 1038 Dewey Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 2 | |||
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Mariposa-Nabi Primary Center PublicK to 2 | ||
Hobart Boulevard Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
West Adams Preparatory High School Public9 to 12 |
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 Redpoint Realty, Anna Jung, DRE #01481661
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.