2520 Lincoln Park Avenue

Los Angeles, CA 90032

$899,000
Price
6
Beds
2,843 Sq. Ft.
$316 / Sq. Ft.
2,843
Sq. Ft.
$316
per Sq. Ft.

Description

Great Investment Opportunity to Own a Property with in-place, existing tenants and cash flow! Two houses on a large deep lot with incredible views. The front house has a street view and 2 bed/2 bath with 1 bedroom having its own entrance. The front house is currently leased by 2 tenants and features a living room letting in lots of light, wainscoting, hardwood floors and a gas fireplace. The kitchen has granite countertops, and opens to formal dining room. Back bedroom has ensuite bath and private...Great Investment Opportunity to Own a Property with in-place, existing tenants and cash flow! Two houses on a large deep lot with incredible views. The front house has a street view and 2 bed/2 bath with 1 bedroom having its own entrance. The front house is currently leased by 2 tenants and features a living room letting in lots of light, wainscoting, hardwood floors and a gas fireplace. The kitchen has granite countertops, and opens to formal dining room. Back bedroom has ensuite bath and private entrance. Laundry hookups in unit. House Two has 2 level porch which affords amazing views of the neighborhood. Spacious layout accommodates 3 bedrooms, 2 baths and features large windows throughout which allow for lots of light to enter and enclosed rear patio and laundry hook up. Lower floor has another 1 bedroom unit with with private entrance. Back house has an electric stair lift. Separate gas meters on both houses. This property has parking for 5 vehicles and is just minutes away from Downtown, Dodger Stadium, USC Medical, and L. A. State Historic Park. Property fully occupied with Tenants.
  1. Listed by Rommy Shy • DRE #01874848 • Brokerage DRE #01874848 • Rommy Shy • rshy.realty@gmail.com

Property Details for 2520 Lincoln Park Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2843
Assessor Parcel Number
5208-025-002
Property Attached YN
false

Location

Listing Courtesy of Rommy Shy, Rommy Shy, DRE #01874848
Add your commute
LISTING UPDATED: 03/29/2024 02:19 AM

Property Details for 2520 Lincoln Park Avenue

StatusActive
MLS #SR24056757
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size13543.00 AC / 589,933,080 SF
CountyLos Angeles County

Location

Listing Courtesy of Rommy Shy, Rommy Shy, DRE #01874848
Add your commute

Building Information for 2520 Lincoln Park Avenue

Stories2Residences-Year Built1957Building Size-Lot Size13543.00 AC / 589,933,080 SF

Payment Calculator

$5,867 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,906

Property Taxes

$961

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2520 Lincoln Park Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $50,400
  • Gross Scheduled Income: $50,400
  • Net Operating Income: $40,000
Expense Details
  • Operating Expense: $10,400
  • Fuel Expense: $0
  • Licenses Expense: $500
  • Electric Expense: $0
  • Insurance Expense: $5,000
  • Trash Expense: $2,100
  • Water Sewer Expense: $2,800
  • Total Expenses: $10,400
Tax / Assessment Info
  • Tax Block: B
  • Tax Tract Number: 520...
  • Tax Census Tract: 1991.10
  • CFD/Mello-Roos Fee: $624
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 6
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $4,200
  • Unit Type Total Rent: $4,200
  • Unit Type Pro Forma: 9000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 2520 Lincoln Park 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 2520 Lincoln Park Avenue

Taxable ValueLand$643,320Additions$265,904Total$909,224
Tax Record2023$11,529 ($961 / month)
Home Facts
Total Finished SqFt2,843 SqFtAbove Grade Finished SqFt2,843 SqFtLot Size13,539 SqFtStyleDuplexYear Built1957ZoningLAR1CountyLOS ANGELESAPN5208-025-002

Schools near 2520 Lincoln Park Avenue

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
Public - 9 to 12
Rating
School
Distance
Gates Street Elementary School
PublicK to 5

El Sereno Middle School
Public6 to 8

Woodrow Wilson Senior High School
Public9 to 12

Abraham Lincoln Senior High School
Public9 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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2520 Lincoln Park Avenue is a multi-family home for sale in Los Angeles, CA 90032. This property was listed for sale on February 27, 2024 by Rommy Shy, it's currently listed at $899,000. It has been on the market for a total of 42 days and was last sold on June 14, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Gates Street Elementary School, El Sereno Middle School and Woodrow Wilson Senior High School. 2520 Lincoln Park Avenue is a 6-bed, 0-bath, 2,843 sqft multi-family home built in 1957.

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 Rommy Shy, Rommy Shy, DRE #01874848

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.