2416 Glover Place

Los Angeles, CA 90031

$840,000
Last Sold Price
5
Beds
3
Baths
1,776 Sq. Ft.
$473 / Sq. Ft.
1,776
Sq. Ft.
$473
per Sq. Ft.

Description

New opportunity for 3-unit income property located in the heart of Elysian Valley, nearby Los Angeles River. The front building consists of 2 units (both 2 bedroom/1 bathroom units that are stacked on top of each other. Both units have had the windows replaced with dual-pane energy-efficient windows. The rear building is a stand-alone 1 bedroom/1 bathroom unit. There is an additional storage garage being leased to one of the tenants (on a separate lease agreement). All units have granite counters...New opportunity for 3-unit income property located in the heart of Elysian Valley, nearby Los Angeles River. The front building consists of 2 units (both 2 bedroom/1 bathroom units that are stacked on top of each other. Both units have had the windows replaced with dual-pane energy-efficient windows. The rear building is a stand-alone 1 bedroom/1 bathroom unit. There is an additional storage garage being leased to one of the tenants (on a separate lease agreement). All units have granite counters and are well maintained. Copper plumbing throughout. Great upside rent potential. Great location in the adjacent neighborhood of Atwater Village, Silver Lake, Cypress Park and Mt. Washington. Close to public transportation, school, parks, shops, cafe and restaurant, and minutes to Dodger Stadium, Griffith Park, Downtown LA, China town and Pasadena. Easy access to the Freeways (5, 101, 110, and 10). Great investment in the area with the LA River Revitalization Project (http://lariver.org/master-plan).
  1. Listed by Ryan Earll • DRE #01517590 • Brokerage DRE #01247521 • Century 21 Masters
  2. Listed by William Hardege • DRE #01741830 • Brokerage DRE #01382560 • Edge Property Management,Inc.

Property Details for 2416 Glover Place

Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1776
Assessor Parcel Number
5445-005-019

Location

Listing Courtesy of Century 21 Masters, Ryan Earll, DRE #01517590; Edge Property Management,Inc., William Hardege, DRE #01741830

Sold By EXP REALTY OF CALIFORNIA INC, RICHARD REYES, DRE #01847699

Add your commute
LISTING UPDATED: 09/16/2020 08:48 AM

Property Details for 2416 Glover Place

StatusClosed
MLS #AR20096413
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.11 AC / 4,597 SF
CountyLos Angeles County

Location

Listing Courtesy of Century 21 Masters, Ryan Earll, DRE #01517590; Edge Property Management,Inc., William Hardege, DRE #01741830

Sold By EXP REALTY OF CALIFORNIA INC, RICHARD REYES, DRE #01847699

Add your commute

Building Information for 2416 Glover Place

Stories2Residences-Year Built1925Building Size-Lot Size0.11 AC / 4,597 SF

Payment Calculator

$5,490 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,584

Property Taxes

$906

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2416 Glover Place

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $46,539
  • Gross Scheduled Income: $46,539
  • Net Operating Income: $30,046
  • Number Of Rented Garages: 1
  • Garage Rental Rate: $200
  • Garage Income: $2,400
  • Laundry Income: $658
  • Cap Rate: 3.0
  • Financing: Conventional
Expense Details
  • Operating Expense: $16,493
  • New Taxes Expense: $6,185
  • Gardener Expense: $1,190
  • Fuel Expense: $170
  • Licenses Expense: $499
  • Pest Control Expense: $352
  • Electric Expense: $352
  • Insurance Expense: $849
  • Maintenance Expense: $1,191
  • Trash Expense: $292
  • Water Sewer Expense: $3,430
  • Total Expenses: $14,510
Tax / Assessment Info
  • Tax Tract Number: 5872
  • Tax Census Tract: 1972.00
  • Tax Lot: 108
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Fishing, Hiking, Gutters, Horse Trails
  • Complex Features: Horse Trails
Property / Structure Info
Interior Features
  • Appliances: Gas Oven
  • Interior Features: Copper Plumbing Full, Granite Counters
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Flooring: Carpet, Tile, Wood
Exterior Features
  • Window Features: Double Pane Windows
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Asphalt
  • Fence: Yes
  • Fence: Chain Link, Wood
  • Fencing: Block, Chain Link, Wood
  • Foundation Details: Raised, Slab
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 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 Garage Attached: No
  • Unit Type Actual Rent: $1,379
  • Unit Type Total Rent: $1,379
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 1
Unit 2
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,310
  • Unit Type Total Rent: $1,310
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 2
Unit 3
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,040
  • Unit Type Total Rent: $1,240
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Range: 3
  • Number With Disposal: 3
  • Number Wall AC: 3

Property History for 2416 Glover Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2416 Glover Place

Taxable ValueLand$416,160Additions$457,776Total$873,936
Tax Record2023$10,871 ($906 / month)
Home Facts
Total Finished SqFt1,776 SqFtAbove Grade Finished SqFt1,776 SqFtLot Size4,597 SqFtStyleTriplexYear Built1925ZoningLAR1CountyLOS ANGELESAPN5445-005-019

Schools near 2416 Glover Place

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

John Marshall Senior High School
Public9 to 12

Studio
Public6 to 8

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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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 Century 21 Masters, Ryan Earll, DRE #01517590; Edge Property Management,Inc., William Hardege, DRE #01741830

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.