1348 North Detroit Street

Los Angeles, CA 90028

$1,750,000
Last Sold Price
5
Beds
5
Baths
3,037 Sq. Ft.
$576 / Sq. Ft.
3,037
Sq. Ft.
$576
per Sq. Ft.

Description

Welcome to 1348 Detroit. This fully Vacant property features a spacious 2 bed 2 bath craftsman home in the front and a 3 bed 3 bath Townhome style unit in the back. Both units have been beautifully upgraded. The spacious backyard boast's a large modern lap pool and plenty of space to entertain. This property is a great opportunity for you to live in one unit and rent the other. There is a third structure on the property that could easily be made into a ADU for additional rental income. This property...Welcome to 1348 Detroit. This fully Vacant property features a spacious 2 bed 2 bath craftsman home in the front and a 3 bed 3 bath Townhome style unit in the back. Both units have been beautifully upgraded. The spacious backyard boast's a large modern lap pool and plenty of space to entertain. This property is a great opportunity for you to live in one unit and rent the other. There is a third structure on the property that could easily be made into a ADU for additional rental income. This property is zoned R3 and could be a good development opportunity now or down the road. Come see this cash cow today before it's gone
  1. Listed by Justin Borges • DRE #01940318 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 1348 North Detroit Street

Zoning
LAR3
Style
Craftsman
Parcel Number
5548022016
Total Units
2.0
Living Area
3037
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
100

Location

Listing Courtesy of Keller Williams Downtown LA, Justin Borges, DRE #01940318

Sold By Onewest Properties, Myung Kim, DRE #01437145

Add your commute
LISTING UPDATED: 09/06/2022 05:49 PM

Property Details for 1348 North Detroit Street

StatusSold
MLS #22-120185
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1917
Lot Size0.15 AC / 6,723 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Downtown LA, Justin Borges, DRE #01940318

Sold By Onewest Properties, Myung Kim, DRE #01437145

Add your commute

Building Information for 1348 North Detroit Street

Stories1Residences-Year Built1917Building Size-Lot Size0.15 AC / 6,723 SF

Payment Calculator

$10,957 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$1,407

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1348 North Detroit Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Direction Faces: West
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $131,070
  • Net Operating Income: $92,781.00
  • Gross Income: $131,070
  • Cap Rate: 4.76%
  • Gross Rent Multiplier: $15.00
  • Actual Annual Gross Rent: $131,070.00
  • Total Annual Expense: 34357
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1543
  • Lot Size Square Feet: 6723
  • Lot Size Dimensions: 50x135
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway, Tandem, Driveway - Combination
  • Total Parking: 5
  • Open Other Spaces Total: 5
  • Parking Features: Driveway, Tandem Garage, Driveway - Combination
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Range/Oven, Washer, Dryer, Refrigerator
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Description: In Ground
  • Pool Features: In Ground
  • Spa: No
  • Spa: None
  • Roof: Composition, Flat, Shingle
  • New Construction: No
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 01-20-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,250.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $776,487.00
  • Assessed Improvement Percent: 41.52
  • Assessed Land Value: $1,093,645.00
  • Assessed Land Percent: 58.48
  • Assessed Total Value: $1,870,132.00

Property History for 1348 North Detroit Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1348 North Detroit Street

Taxable ValueLand$704,794Additions$668,053Total$1,372,847
Tax Record2023$16,885 ($1,407 / month)
Home Facts
Total Finished SqFt3,037 SqFtAbove Grade Finished SqFt3,037 SqFtLot Size6,723 SqFtStyleDuplexYear Built1917ZoningLAR3CountyLOS ANGELESAPN5548-022-016

Schools near 1348 North Detroit Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Larchmont Charter School
CharterK 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Downtown LA, Justin Borges, DRE #01940318

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.