1125 South Lake Street
1125 South Lake Street
Description
DownTown LA Area
Welcome to this fantastic investment opportunity in the sought-after 90006 zip code
This well-maintained residential income property boasts four spacious units, making it an ideal choice for both seasoned investors and those looking to start their real estate portfolio. Existing Floorplan
1st Floor: 1 unit (1/1)
2nd Floor: 2 units (2/1, 3/1)
3rd Floor: 1 unit (3/1)
Living space 4,117
Lot size 8,579
Zoning R4
Currently, 1 tenant occupies a partial area of the 1st floor, there...BACK TO MARKET
DownTown LA Area
Welcome to this fantastic investment opportunity in the sought-after 90006 zip code
This well-maintained residential income property boasts four spacious units, making it an ideal choice for both seasoned investors and those looking to start their real estate portfolio. Existing Floorplan
1st Floor: 1 unit (1/1)
2nd Floor: 2 units (2/1, 3/1)
3rd Floor: 1 unit (3/1)
Living space 4,117
Lot size 8,579
Zoning R4
Currently, 1 tenant occupies a partial area of the 1st floor, there are plans/permits almost approved for a conversion of the 1st floor into 4 units utilizing the same footprint, for a total of 7-units.
- Listed by Pablo Aspiazu • DRE #01446520 • Brokerage DRE #01812614 • Homequest Real Estate • 562-413-0367
Property Details for 1125 South Lake Street
Location
Property Details for 1125 South Lake Street
| Status | Active |
|---|---|
| MLS # | PW23175818 |
| Days on Market | 213 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1905 |
| Lot Size | 0.20 AC / 8,579 SF |
| County | Los Angeles County |
Location
Building Information for 1125 South Lake Street
Payment Calculator
$6,196 per month
30 year fixed, 7.25% Interest
$5,283
$913
$0
Property Information for 1125 South Lake Street
- Gross Income: $40,253
- Gross Scheduled Income: $40,253
- Net Operating Income: $23,563
- Operating Expense: $16,689
- Gardener Expense: $1,280
- Fuel Expense: $0
- Electric Expense: $1,133
- Insurance Expense: $2,195
- Maintenance Expense: $3,632
- Professional Management Expense: $2,872
- Trash Expense: $284
- Water Sewer Expense: $1,150
- Total Expenses: $11,266
- Tax Block: 2
- Tax Tract Number: 2098
- Tax Census Tract: 2098.10
- CFD/Mello-Roos Fee: $0
- Tax Lot: 10
- Community Features: Sidewalks, Urban
- Appliances: None
- Equipment: None
- Laundry: No
- Laundry Features: None
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: None
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Lot 6500-9999
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Levels: Three Or More
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $556
- Unit Type Total Rent: $556
- Unit Type Pro Forma: 1500
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $944
- Unit Type Total Rent: $944
- Unit Type Pro Forma: 2000
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,144
- Unit Type Total Rent: $1,144
- Unit Type Pro Forma: 2500
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $776
- Unit Type Total Rent: $776
- Unit Type Pro Forma: 2500
- Unit Type Type: 4
- Number Of Units Leased: 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: 4
Property History for 1125 South Lake Street
| 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 1125 South Lake Street
Schools near 1125 South Lake Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Leo Politi Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice 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 Homequest Real Estate, Pablo Aspiazu, DRE #01446520
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.