2625 Chariton Street

Los Angeles, CA 90034

$2,500,000
Price
8
Beds
4
Baths
3,452 Sq. Ft.
$724 / Sq. Ft.
3,452
Sq. Ft.
$724
per Sq. Ft.

Description

Introducing this renovated four-unit property, nestled in the heart of a coveted Los Angeles neighborhood. Each of the four units features 2 bedrooms and 1 bath, meticulously crafted to offer modern, comfortable living spaces with completely updated interiors. Every unit has undergone a comprehensive overhaul, boasting new plumbing, electrical systems, state-of-the-art heating & A/C, along with tankless water heaters, NEW doors, windows, and flooring. Residents will find convenience in the in-unit...Introducing this renovated four-unit property, nestled in the heart of a coveted Los Angeles neighborhood. Each of the four units features 2 bedrooms and 1 bath, meticulously crafted to offer modern, comfortable living spaces with completely updated interiors. Every unit has undergone a comprehensive overhaul, boasting new plumbing, electrical systems, state-of-the-art heating & A/C, along with tankless water heaters, NEW doors, windows, and flooring. Residents will find convenience in the in-unit washer and dryer, dishwasher, stove, oven, microwave and refrigerator, ensuring a seamless living experience. The property provides off-street parking and separately metered gas and electricity for each unit, offering flexibility and ease in utility management. Its prime location grants effortless access to shopping and transportation hubs, facilitating residents' daily commuting and access to amenities. Investment Opportunity: With current rents already providing solid returns, there's no need for lengthy adjustments. The recent upgrades and prime location promise high-income potential, making it an exceptional investment opportunity in the thriving Los Angeles real estate market. One unit remains vacant, offering the option to increase returns or enjoy owner occupancy. Future Expansion Potential: Additionally, the property comes with Ready-To-Issue (RTI) plans for two additional units, paving the way for future expansion and increased rent potential, adding further value for discerning investors. This property stands as a rare gem, offering updated units, robust income potential with room for growth, convenient amenities, and the possibility of future expansion in one of Los Angeles' most sought-after neighborhoods. Seize this opportunity to own a prime piece of real estate!
  1. Listed by Jill Fischer-Politz • DRE #00907458 • Brokerage DRE #02078273 • Beverly and Company, Inc. • 818-231-9207

Property Details for 2625 Chariton Street

Parking Spaces Total
4
Private Pool
No
Cooling Type
Ductless
Total Units
4.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
3452
Assessor Parcel Number
5065-110-025

Location

Listing Courtesy of Beverly and Company, Inc., Jill Fischer-Politz, DRE #00907458
Add your commute
LISTING UPDATED: 04/08/2024 11:05 PM

Property Details for 2625 Chariton Street

StatusActive
MLS #SR24065631
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.17 AC / 7,497 SF
CountyLos Angeles County

Location

Listing Courtesy of Beverly and Company, Inc., Jill Fischer-Politz, DRE #00907458
Add your commute

Building Information for 2625 Chariton Street

Stories2Residences-Year Built1947Building Size-Lot Size0.17 AC / 7,497 SF

Payment Calculator

$15,193 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$1,549

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2625 Chariton Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $139,000
  • Gross Scheduled Income: $138,000
  • Net Operating Income: $100,908
  • Number Of Rented Garages: 0
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $37,092
  • Gardener Expense: $1,800
  • Insurance Expense: $3,000
  • Other Expense: $30,000
  • Other Expense Description: Prop tax
  • Trash Expense: $0
  • Water Sewer Expense: $2,292
  • Total Expenses: $37,092
Tax / Assessment Info
  • Tax Tract Number: 6447
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 24
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Stackable, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Ductless
  • Heating Type: Ductless
  • Heating: Ductless
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: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Driveway, Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Driveway, Paved, Garage
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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,050
  • Unit Type Total Rent: $3,050
  • Unit Type Pro Forma: 3050
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,950
  • Unit Type Total Rent: $2,950
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 2625 Chariton Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2625 Chariton Street

Taxable ValueLand$1,020,000Additions$479,910Total$1,499,910
Tax Record2023$18,584 ($1,549 / month)
Home Facts
Total Finished SqFt3,452 SqFtAbove Grade Finished SqFt3,452 SqFtLot Size7,495 SqFtStyleQuadraplexYear Built1947ZoningLAR3CountyLOS ANGELESAPN5065-010-025

Schools near 2625 Chariton Street

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 - K to 5
Rating
School
Distance
Shenandoah Street Elementary School
PublicK to 5

Alexander Hamilton 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.

Similar Homes

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2625 Chariton Street is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on April 8, 2024 by Beverly and Company, Inc., it's currently listed at $2,500,000. It has been on the market for a total of 22 days and was last sold on April 15, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Shenandoah Street Elementary School, Mark Twain Middle School and World Languages Magnet and Alexander Hamilton Senior High School. 2625 Chariton Street is a 8-bed, 4-bath, 3,452 sqft multi-family home built in 1947.

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 Beverly and Company, Inc., Jill Fischer-Politz, DRE #00907458

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.