2667 Cimarron Street

Los Angeles, CA 90018

$888,000
Last Sold Price
6
Beds
2
Baths
1,768 Sq. Ft.
$502 / Sq. Ft.
1,768
Sq. Ft.
$502
per Sq. Ft.

Description

Price reduction! Beautiful cash flowing duplex just off of Adams Blvd, and close to the heart of the trendy West Adams neighborhood of Los Angeles. This completely renovated duplex consists of two 3 bed/1 bath units and includes a new roof, brand new kitchens, bathrooms, flooring, and appliances. Each unit has a one car garage and private backyard space. Opportunity to convert garages to into an ADU for added income. Quality rents generated from property with additional upside of nearly 30%. All...Price reduction! Beautiful cash flowing duplex just off of Adams Blvd, and close to the heart of the trendy West Adams neighborhood of Los Angeles. This completely renovated duplex consists of two 3 bed/1 bath units and includes a new roof, brand new kitchens, bathrooms, flooring, and appliances. Each unit has a one car garage and private backyard space. Opportunity to convert garages to into an ADU for added income. Quality rents generated from property with additional upside of nearly 30%. All tenants are current on rent. Property recently passed its city SCEP inspection. Hedge against inflation...live in one and rent out the other or add this low maintenance asset to your portfolio for passive cash flow!
  1. Listed by DRE #01880695 • Brokerage DRE #00655202 • Clement Partners Real Estate
  2. Listed by Jordan Peikin • DRE #02015987 • Brokerage DRE #00655202 • Clement Partners Real Estate

Property Details for 2667 Cimarron Street

Water Front
None
Zoning
LAR3
Style
Bungalow
Parcel Number
5052017030
Total Units
2.0
Living Area
1768
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of Clement Partners Real Estate, DRE #01880695; Clement Partners Real Estate, Jordan Peikin, DRE #02015987

Sold By Nourmand & Associates-BH, Ricky Brown, DRE #02123144

Add your commute
LISTING UPDATED: 03/03/2023 09:43 AM

Property Details for 2667 Cimarron Street

StatusSold
MLS #22-203129
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.09 AC / 3,874 SF
CountyLos Angeles County

Location

Listing Courtesy of Clement Partners Real Estate, DRE #01880695; Clement Partners Real Estate, Jordan Peikin, DRE #02015987

Sold By Nourmand & Associates-BH, Ricky Brown, DRE #02123144

Add your commute

Building Information for 2667 Cimarron Street

Stories1Residences-Year Built1923Building Size-Lot Size0.09 AC / 3,874 SF

Payment Calculator

$5,391 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,846

Property Taxes

$545

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2667 Cimarron Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: City
  • View: City Lights
  • Direction Faces: East
  • Property Condition: Repair Cosmetic, Repairs Major, Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $59,317
  • Net Operating Income: $45,155.00
  • Gross Income: $61,152
  • Cap Rate: 5.02%
  • Gross Rent Multiplier: $14.70
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 14162
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.0889
  • Lot Size Square Feet: 3874
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Side By Side, Driveway - Concrete
  • Total Parking: 4
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door, Side by Side, Concrete
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Flooring: Laminate
  • Equipment: Microwave, Range/Oven, Refrigerator
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Frame, Stucco, Wood Siding
  • Exterior Construction: Frame, Stucco, Wood Siding
  • Construction MVO: Frame and Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-26-2022
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,548.00
  • Unit Actual Rent: $2,548.00
  • Unit Projected Rent: $3,231.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,548.00
  • Unit Actual Rent: $2,548.00
  • Unit Projected Rent: $3,231.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $198,356.00
  • Assessed Improvement Percent: 39.78
  • Assessed Land Value: $300,216.00
  • Assessed Land Percent: 60.22
  • Assessed Total Value: $498,572.00

Property History for 2667 Cimarron 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 2667 Cimarron Street

Taxable ValueLand$312,344Additions$206,369Total$518,713
Tax Record2023$6,540 ($545 / month)
Home Facts
Total Finished SqFt1,768 SqFtAbove Grade Finished SqFt1,768 SqFtLot Size3,874 SqFtStyleDuplexYear Built1923ZoningLAR3CountyLOS ANGELESAPN5052-017-030

Schools near 2667 Cimarron Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - K to 5
Charter - 5 to 8
Public - 6 to 8
Rating
School
Distance
Twenty-Fourth Street Elementary School
PublicK to 4

Birdielee V. Bright Elementary School
PublicK to 5

Crown Preparatory Academy
Charter5 to 8

Johnnie Cochran, Jr., Middle School
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.

Similar Homes

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Similar Sold Homes

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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 Clement Partners Real Estate, DRE #01880695; Clement Partners Real Estate, Jordan Peikin, DRE #02015987

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.