2705 Darwin Avenue

Los Angeles, CA 90031

$1,275,000
Price
12
Beds
7
Baths
4,555 Sq. Ft.
$280 / Sq. Ft.
4,555
Sq. Ft.
$280
per Sq. Ft.

Description

3 properties in one lot! Step into the heart of Lincoln Heights and discover an exceptional opportunity awaiting you. This remarkable property boasts three distinct buildings: a Single Family Residence, a Four-Plex, and an ADU, each contributing to its unique charm and versatility. The main residence features a spacious layout with 5 bedrooms and 2 bathrooms, while the Four-Plex comprises 3 units offering 1 bedrooms and 1 bathroom, alongside 1 additional units with 2 bedroom and 1 bathroom. The ADU...3 properties in one lot! Step into the heart of Lincoln Heights and discover an exceptional opportunity awaiting you. This remarkable property boasts three distinct buildings: a Single Family Residence, a Four-Plex, and an ADU, each contributing to its unique charm and versatility. The main residence features a spacious layout with 5 bedrooms and 2 bathrooms, while the Four-Plex comprises 3 units offering 1 bedrooms and 1 bathroom, alongside 1 additional units with 2 bedroom and 1 bathroom. The ADU comprises of 2 bedrooms and 1 bath. With such diverse accommodations, this property presents an enticing 4.25% cap rate, providing investors with an immediate avenue for cash flow. Benefiting from recent renovations, including upgraded windows, electrical enhancements with proper permits, plumbing improvements with new water heaters (all permitted), and refreshed water sewer lines, this property ensures both modern comfort and compliance. Additionally, it boasts separate gas/electric meters and 2 water meters for added convenience and efficiency. Perfectly located mere minutes away from USC Medical Campus, Keck Hospital, downtown LA, public transportation hubs, Dodger Stadium, and major freeways, this property offers unparalleled accessibility to key amenities and destinations. Don't miss out on this prime opportunity to acquire a property perfectly poised for both investment and lifestyle in a highly sought-after location. NOTE: Most of the units are being renovated and updated.
  1. Listed by Jerry Magdaleno • DRE #01982920 • Brokerage DRE #02051216 • 1Vision Real Estate • 714-474-9105

Property Details for 2705 Darwin Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4555
Assessor Parcel Number
5210-010-017
Property Attached YN
true

Location

Listing Courtesy of 1Vision Real Estate, Jerry Magdaleno, DRE #01982920
Add your commute
LISTING UPDATED: 05/02/2024 04:35 AM

Property Details for 2705 Darwin Avenue

StatusActive
MLS #PW24058986
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1906
CountyLos Angeles County

Location

Listing Courtesy of 1Vision Real Estate, Jerry Magdaleno, DRE #01982920
Add your commute

Building Information for 2705 Darwin Avenue

Building/Complex2705 Darwin AveFloor-Stories2Residences-Pet Policy-Year Built1906Building Size-

Payment Calculator

$7,995 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,958

Property Taxes

$1,037

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2705 Darwin Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Insurance
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $106,680
  • Gross Operating Income: $106,680
  • Net Operating Income: $76,680
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
Expense Details
  • Operating Expense: $30,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $4,000
  • Maintenance Expense: $10,000
  • Professional Management Expense: $0
  • Trash Expense: $2,400
  • Water Sewer Expense: $7,000
  • Total Expenses: $13,400
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: unk
  • Tax Census Tract: 1998.01
  • CFD/Mello-Roos Fee: $1,096
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Private
  • Sewer: Public Sewer
  • Water Source: Private
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 4000
  • 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: $1,725
  • Unit Type Total Rent: $1,725
  • 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: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 3
Unit 4
  • 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: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 4
Unit 5
  • 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: $876
  • Unit Type Total Rent: $876
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 5
Unit 6
  • 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: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2

Property History for 2705 Darwin 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 2705 Darwin Avenue

Taxable ValueLand$682,695Additions$263,235Total$945,930
Tax Record2023$12,442 ($1,037 / month)
Home Facts
Total Finished SqFt4,785 SqFtAbove Grade Finished SqFt4,785 SqFtLot Size7,278 SqFtStyleMulti-Family Res (5+ Units)Year Built1906ZoningLARD2CountyLOS ANGELESAPN5210-010-017

Schools near 2705 Darwin Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Griffin Avenue Elementary School
PublicK to 5

Excel Charter Academy
Charter6 to 8

Abraham Lincoln Senior High School
Public9 to 12

Woodrow Wilson 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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2705 Darwin Avenue is a multi-family home for sale in Los Angeles, CA 90031. This property was listed for sale on March 22, 2024 by 1Vision Real Estate, it's currently listed at $1,275,000. It has been on the market for a total of 39 days and was last sold on June 29, 1998. This listing's school district is Los Angeles Unified School District. Nearby schools include Griffin Avenue Elementary School, Excel Charter Academy and Abraham Lincoln Senior High School. 2705 Darwin Avenue is a 12-bed, 7-bath, 4,555 sqft multi-family home built in 1906.

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 1Vision Real Estate, Jerry Magdaleno, DRE #01982920

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.