2615 Somerset Drive

Los Angeles, CA 90016

$1,299,000
Price
4
Beds
4
Baths
2,083 Sq. Ft.
$624 / Sq. Ft.
2,083
Sq. Ft.
$624
per Sq. Ft.

Description

Somerset Bungalows is a well maintained 4 plex located in trendy West Adams. There are two 2 unit detached buildings. Each unit is 1 bed 1 bath. Total rents is $7432/mo or $89,184/year. In the front building, unit 1 rent is $1872/mo, unit 2 is $1760/mo. In the back building, unit 3 rent is $1900/mo, unit 4 is $1900/mo. Unit 4 has given notice to vacate and will be vacant by mid May. Proforma rents indicate $2050/mo for each unit or $98,400/year. The garage is prime for an ADU conversion with easy...Somerset Bungalows is a well maintained 4 plex located in trendy West Adams. There are two 2 unit detached buildings. Each unit is 1 bed 1 bath. Total rents is $7432/mo or $89,184/year. In the front building, unit 1 rent is $1872/mo, unit 2 is $1760/mo. In the back building, unit 3 rent is $1900/mo, unit 4 is $1900/mo. Unit 4 has given notice to vacate and will be vacant by mid May. Proforma rents indicate $2050/mo for each unit or $98,400/year. The garage is prime for an ADU conversion with easy access from the alley. Buyer to confirm. Yard has been zero-scaped for low water usage. Owner only pays for water, gardener, and sewer. Laundry on site. Owner has made many improvements.
  1. Listed by Aram Gaboudian • DRE #01493911 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 2615 Somerset Drive

Zoning
LARD1.5
Parcel Number
5050002024
Total Units
4.0
Living Area
2083
Source Living Area
Owner
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
6285

Location

Listing Courtesy of Keller Williams Downtown LA, Aram Gaboudian, DRE #01493911
Add your commute
LISTING UPDATED: 04/29/2024 11:10 AM

Property Details for 2615 Somerset Drive

StatusActive Under Contract
MLS #24-379993
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1927
Lot Size0.14 AC / 6,285 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Downtown LA, Aram Gaboudian, DRE #01493911
Add your commute

Building Information for 2615 Somerset Drive

Stories1Residences-Year Built1927Building Size-Lot Size0.14 AC / 6,285 SF

Payment Calculator

$7,817 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,089

Property Taxes

$728

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2615 Somerset Drive

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Bungalows
  • Water Heaters: Yes
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: $89,184
  • Net Operating Income: $73,611.00
  • Gross Income: $89,184
  • Gross Rent Multiplier: $14.60
  • Actual Gross Annual Income: $89,184
  • Total Annual Expense: 15573
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1443
  • Lot Size Square Feet: 6285
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: Refrigerator, Range/Oven, Microwave
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-15-2024
  • Tenant Pays: Gas, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,872.00
  • Unit Actual Rent: $1,872.00
  • Unit Projected Rent: $2,050.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,760.00
  • Unit Actual Rent: $1,760.00
  • Unit Projected Rent: $2,050.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,050.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,050.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $240,949.00
  • Assessed Improvement Percent: 35.02
  • Assessed Land Value: $447,097.00
  • Assessed Land Percent: 64.98
  • Assessed Total Value: $688,046.00

Property History for 2615 Somerset Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2615 Somerset Drive

Taxable ValueLand$447,097Additions$240,949Total$688,046
Tax Record2023$8,738 ($728 / month)
Home Facts
Total Finished SqFt2,054 SqFtAbove Grade Finished SqFt2,054 SqFtLot Size6,283 SqFtStyleQuadraplexYear Built1927ZoningLARD1.5CountyLOS ANGELESAPN5050-002-024

Schools near 2615 Somerset Drive

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
Charter - K to 8
Rating
School
Distance
Virginia Road Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

ISANA Nascent Academy
CharterK 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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Listing Courtesy of Keller Williams Downtown LA, Aram Gaboudian, DRE #01493911

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.