2317 South Congress Avenue

Los Angeles, CA 90018

$850,000
Price
4
Beds
4
Baths
2,366 Sq. Ft.
$359 / Sq. Ft.
2,366
Sq. Ft.
$359
per Sq. Ft.

Description

Vinco Vinco Realty Group (VVRG) is pleased to present 2317 S Congress, a Value-add opportunity comprised of four (4) units all one bedroom - one bathroom. The property is located in the Adams-Normandie neighborhood. This unique investment offers an investor over 70% in upside rents in a rapidly growing submarket. The subject property is located in a highly sought-out Normandie-Adams neighborhood. Over the past few years, many residents and investors have seen significant appreciation in these submarkets,...

Property Details for 2317 South Congress Avenue

Architectural Style
See Remarks
View
City Lights
Parking Spaces Total
4
Private Pool
No
Cooling Type
None

Location

Listing Courtesy of Vinco Vinco Realty & Investments Inc, Christopher Martinez Diaz, DRE #01917060

Property Details for 2317 South Congress Avenue

StatusAccepting Backup Offers
MLS #SR21014443
Days on Market61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.15 AC / 6,655 SF
CountyLos Angeles County

Listing Agent

Christopher Martinez Diaz

Christopher Martinez Diaz

Vinco Vinco Realty & Investments Inc

chris@vvrealtygroup.com

P: 323.303.3410

M: 323.481.8517

DRE #01917060

Contact Agent(s)

Location

Listing Courtesy of Vinco Vinco Realty & Investments Inc, Christopher Martinez Diaz, DRE #01917060

Building Information for 2317 South Congress Avenue

Stories-Residences-Year Built1939Building Size-Lot Size0.15 AC / 6,655 SF

Payment Calculator

$2,849 per month

30 year fixed, 2.95% Interest

Principal and Interest

$2,849

Property Taxes

HOA Dues

$0

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Property Information for 2317 South Congress Avenue

Property Features
    Interior Features
  • Appliances: None
  • Common Walls: 2+ Common Walls
  • Fireplace: No
  • Fireplace Features: None
  • Flooring Type: See Remarks
  • Heating Type: Wall Furnace, See Remarks
  • Interior Features: Ceiling Fan(s)
  • Laundry: No
  • Laundry Features: None
  • Number of 3 Quarter Bathrooms: 0.0
  • Baths One Quarter: 0.0
  • Total Units: 4.0
  • Room Type: See Remarks
  • View: Yes
    Exterior Features
  • Fence: Yes
  • Fencing: Fair Condition, Good Condition
  • Pool Features: None
  • Roof: Other, See Remarks
  • Spa: No
  • Spa Features: None
    Parking Info
  • Carport Spaces: 0
  • Garage Spaces: 4
  • Garage Rental Rate: $0
  • Parking: Yes
  • Parking Features: Covered, Driveway, Garage Faces Rear, Garage - Single Door, Off Site
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • Accessibility Features: Parking
  • New Construction: No
  • Property Attached YN: true
  • Parcel Number: 5058022006
  • Property Type: Residential Income
  • Year Built: 1939
  • Year Built Source: Public Records
    Measurements / Dimensions
  • Building Area Total: 2366
  • Building Area Units: Square Feet
  • Living Area: 2366
Community/Development / Location Info
    School/Location Info
  • Zip Code: 90018
  • Street Number Numeric: 2317.0
  • Street Name: Congress
  • Street Direction Prefix: S
  • Street Suffix: Avenue
  • Country: US
  • County Or Parish: Los Angeles
  • Directions: Traveling West on the 10 Freeway exit Western Ave and Head South. Head East on Adams and head north on Congress.
  • Area: Mid Los Angeles (C16)
    Association Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Assessments: Special Assessments, Buyer to Verify, Unknown
  • Assessments YN: Yes
  • Current Financing: FHA, VA, Conventional, Fannie Mae, Other, Private
  • Tax Census Tract: 2215.00
  • Tax Block: 3
  • Tax Lot: 1
  • Tax Tract Number: 0
  • Zoning: LARD2
    Income Details
  • Garage Income: $0
  • Gross Income: $0
  • Gross Operating Income: $45,477
  • Gross Scheduled Income: $46,884
  • Net Operating Income: $26,297
  • Vacancy Allowance Rate: 3
    Expense Details
  • Insurance Expense: $1,065
  • New Taxes Expense: $10,201
  • Operating Expense: $19,181
  • Security Features: Smoke Detector(s), Window Bars
  • Total Expenses: $19,181
  • Trash Expense: $0
  • Utilities: Electricity Available, See Remarks, Sewer Connected, Water Available
  • Water Sewer Expense: $0
Unit Information
    Unit 1
  • Unit Type Actual Rent: $1,400
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1700
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,400
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $1,350
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1700
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $1,350
  • Unit Type Type: 2
    Unit 3
  • Unit Type Actual Rent: $576
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1700
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $576
  • Unit Type Type: 3
    Unit 4
  • Unit Type Actual Rent: $581
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 1700
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $581
  • Unit Type Type: 4
    Multi-Unit Info
  • Price Per Unit: $212,500
  • Number Of Buildings: 1
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: Yes
  • Tenant Pays: Electricity, Gas
Land/Lot Info
    Land/Lot Info
  • Electric: Standard
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Acres: .15
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6655
  • Lot Size Units: Square Feet
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Sewer: Public Sewer

Property History for 2317 S Congress Ave

DateEvent & SourcePriceAppreciation
Mar 24, 2021

Accepting Backup Offers

CRMLS #SR21014443

Mar 24, 2021

Accepting Backup Offers

CLAW #SR21014443CN

Jan 22, 2021

Listed (Active)

CRMLS #SR21014443

$850,000
DateEvent & SourcePrice
03/24/2021

Accepting Backup Offers

CRMLS #SR21014443

03/24/2021

Accepting Backup Offers

CLAW #SR21014443CN

01/22/2021

Listed (Active)

CRMLS #SR21014443

$850,000

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

Public Records for 2317 South Congress Avenue

Taxable ValueLand$384,625Additions$109,892Total$494,517
Tax Record2020$6,409 ($534 / month)
Home Facts
Total Finished SqFt2,366 SqFtAbove Grade Finished SqFt2,366 SqFtLot Size6,655 SqFtStyleQuadraplexYear Built1939Year Renovated1939ZoningLARD2CountyLOS ANGELESAPN5058022006

Schools near 2317 South Congress Avenue


SchoolTypeGradesDistanceRating
Twenty-Fourth Street Elementary SchoolPublicK-50.5 mi
2
Crown Preparatory AcademyCharter5-80.5 mi
4
Sophia T. Salvin Special Education CenterPublicK-80.5 mi
NR
St. Agnes Parish SchoolPrivateK-80.6 mi
NR

Twenty-Fourth Street Elementary School

K-5, 0.5 mi, Public

2

Crown Preparatory Academy

5-8, 0.5 mi, Charter

4

Sophia T. Salvin Special Education Center

K-8, 0.5 mi, Public

NR

St. Agnes Parish School

K-8, 0.6 mi, Private

NR

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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All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Vinco Vinco Realty & Investments Inc, Christopher Martinez Diaz, DRE #01917060

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association 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 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.