154 East Colden Avenue

Los Angeles, CA 90003

$850,000
Price
7
Beds
3
Baths
2,524 Sq. Ft.
$337 / Sq. Ft.
2,524
Sq. Ft.
$337
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire a triplex in the Broadway-Manchester neighborhood of South Los Angeles. Built originally in 1939 as a duplex, this property is poised to receive a new certificate of occupancy in 2024 for the conversion of the original single-family home into two separate units. This property will feature two vacant 925 square foot units, each with 3-bedrooms and 1-bathroom, and a tenant-occupied 674 square foot 1-bedroom and 1-bathroom unit with a private patio....We are pleased to present the opportunity to acquire a triplex in the Broadway-Manchester neighborhood of South Los Angeles. Built originally in 1939 as a duplex, this property is poised to receive a new certificate of occupancy in 2024 for the conversion of the original single-family home into two separate units. This property will feature two vacant 925 square foot units, each with 3-bedrooms and 1-bathroom, and a tenant-occupied 674 square foot 1-bedroom and 1-bathroom unit with a private patio. Together, they offer a total of 2,524 square feet of rentable space on a 5,410 square foot lot. The newer units are equipped with copper plumbing, updated electrical systems, and a newer roof, which is backed by a 10-year warranty thanks to a recent layer of protective silicone. The one-bedroom unit includes a two-car garage, providing valuable parking and storage space. Outdoor living is enhanced with a spacious shared patio for the three-bedroom units, ideal for relaxation and entertainment. For owner-occupiers, this triplex presents an exceptional opportunity for you to occupy one of the units while immediately generating rental income from the others. Additionally, favorable financing terms are available for owner-occupiers, including options with as low as 5% down, making it an accessible and attractive option for those looking to enter the multifamily ownership market. Essential public transportation options are readily available, with several stops near Main and Colden. Notable nearby attractions include The Forum, SoFi Stadium, Gramercy Park, and the renowned Earvin Magic Johnson Park. Additionally, for those who commute, the property's proximity to the 105 and 110 Freeways ensures easy access to various parts of Greater Los Angeles.
  1. Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 154 East Colden Avenue

Zoning
LAR2
Parcel Number
6052004020
Total Units
3.0
Living Area
2524
Source Living Area
Vendor Enhanced
Area
Metropolitan South (C37)
Vacancy Rate
0
Lot Size Area
5410

Location

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505
Add your commute
LISTING UPDATED: 04/22/2024 10:01 AM

Property Details for 154 East Colden Avenue

StatusActive
MLS #23-338153
Days on Market142
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.12 AC / 5,410 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505
Add your commute

Building Information for 154 East Colden Avenue

Stories1Residences-Year Built1939Building Size-Lot Size0.12 AC / 5,410 SF

Payment Calculator

$4,855 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,639

Property Taxes

$216

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 154 East Colden Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1242
  • Lot Size Square Feet: 5410
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-08-2023
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,175.00
  • Unit Actual Rent: $1,175.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $24,845.00
  • Assessed Improvement Percent: 17.33
  • Assessed Land Value: $118,507.00
  • Assessed Land Percent: 82.67
  • Assessed Total Value: $143,352.00

Property History for 154 East Colden Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 154 East Colden Avenue

Taxable ValueLand$118,507Additions$24,845Total$143,352
Tax Record2023$2,590 ($216 / month)
Home Facts
Total Finished SqFt2,524 SqFtAbove Grade Finished SqFt2,524 SqFtStories1Lot Size5,410 SqFtStyleOffice BuildingYear Built1939ZoningLAR2CountyLOS ANGELESAPN6052-004-020

Schools near 154 East Colden Avenue

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

Alain Leroy Locke College Prep Academy
Charter9 to 12

Watts Learning Center
CharterK to 5

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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154 East Colden Avenue is a multi-family home for sale in Los Angeles, CA 90003. This property was listed for sale on December 8, 2023 by Marcus & Millichap, it's currently listed at $850,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Ninety-Third Street Elementary School, Alliance College-Ready Middle Academy No. 4 and Alain Leroy Locke College Prep Academy. 154 East Colden Avenue is a 7-bed, 3-bath, 2,524 sqft multi-family home built in 1939.

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 Marcus & Millichap, Sevak Keshishian, DRE #01887505

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.