21018 Gresham Street
21018 Gresham Street
Closed 7/22/22
Closed 7/22/22
Description
Occupancy was issued after October 1st 1978. This
property offers a unit mix of thirteen 1 bedroom/1bath
and Twenty eight 2 bedroom/ 2 bath totaling of 32,084
rental able square feet resting on approximately 41,123 of
land which is zoned LAR3. This property offers an on-site laundry facility, central A/c
and heat and a sparling pool for the tenants to enjoy. This
complex makes a great investment for investors looking
for no rent control building with potential...This complex was built 1978, and the certificate of
Occupancy was issued after October 1st 1978. This
property offers a unit mix of thirteen 1 bedroom/1bath
and Twenty eight 2 bedroom/ 2 bath totaling of 32,084
rental able square feet resting on approximately 41,123 of
land which is zoned LAR3. This property offers an on-site laundry facility, central A/c
and heat and a sparling pool for the tenants to enjoy. This
complex makes a great investment for investors looking
for no rent control building with potential upside in rent. This building is located just west of Canoga Avenue and
East of Desoto Avenue This property offers great location
and a short distance from the main boulevards. It’s in close
distance to plenty of restaurants shops and, stores.
- Listed by Reza Ghobadi • DRE #01780045 • Brokerage DRE #01780045 • Reza Ghobadi
Property Details for 21018 Gresham Street
Location
Sold By Reza Ghobadi, Reza Ghobadi, DRE #01780045
Property Details for 21018 Gresham Street
| Status | Closed |
|---|---|
| MLS # | SR22099332 |
| Days on Market | 21 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1978 |
| Lot Size | 0.94 AC / 41,123 SF |
| County | Los Angeles County |
Location
Sold By Reza Ghobadi, Reza Ghobadi, DRE #01780045
Building Information for 21018 Gresham Street
Payment Calculator
$73,413 per month
30 year fixed, 7.25% Interest
$61,669
$11,744
$0
Property Information for 21018 Gresham Street
- Gross Income: $819,360
- Gross Scheduled Income: $819,360
- Vacancy Allowance: 24401
- Gross Operating Income: $794,959
- Net Operating Income: $451,156
- Laundry Income: $6,000
- Gross Multiplier: 14.94
- Cap Rate: 3.71
- Financing: Cash To Existing Loan
- Operating Expense: $343,803
- New Taxes Expense: $151,875
- Gardener Expense: $3,600
- Fuel Expense: $2,800
- Licenses Expense: $4,200
- Pest Control Expense: $780
- Pool Expense: $2,400
- Electric Expense: $15,000
- Insurance Expense: $16,000
- Maintenance Expense: $30,750
- Professional Management Expense: $31,798
- Other Expense: $3,000
- Other Expense Description: Elevator
- Trash Expense: $15,000
- Water Sewer Expense: $45,000
- Total Expenses: $343,803
- Tax Tract Number: 32903
- Tax Census Tract: 1134.25
- Tax Lot: 1
- Community Features: Sidewalks
- Laundry: Yes
- Laundry Features: Community
- Pool Features: Community, In Ground
- Pool Description: In Ground
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 41
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 13
- 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: $17,866
- Unit Type Total Rent: $17,866
- Unit Type Pro Forma: 22750
- Unit Type Type: 1
- Unit Type Units Total: 28
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $49,914
- Unit Type Total Rent: $49,914
- Unit Type Pro Forma: 57400
- Unit Type Type: 2
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 41
- Number Of Separate Gas Meters: 41
- Number Of Separate Water Meters: 0
Property History for 21018 Gresham 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 21018 Gresham Street
Schools near 21018 Gresham Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Charter - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Limerick Avenue Elementary School PublicK to 5 | ||
Ernest Lawrence Middle School Public6 to 8 | ||
Chatsworth Charter High School Charter9 to 12 | ||
Aggeler Community Day School Public7 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 Reza Ghobadi, Reza Ghobadi, DRE #01780045
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.