2727 Phelps Avenue

Los Angeles, CA 90032

$845,000
Last Sold Price
5
Beds
4
Baths
2,200 Sq. Ft.
$384 / Sq. Ft.
2,200
Sq. Ft.
$384
per Sq. Ft.

Description

Great investment and low maintenance. Building offers one of the highest rent returns in the area. Situated in a quaint El Sereno neighborhood, it has modern updates. Separately metered for gas & electric with four 1-car garages with alley access and a gated yard. Each unit has laundry. Common areas are solid surface-polished concrete or newer laminate. Each unit has an option for dedicated outdoor space. All these amenities equal an easy to rent unit with happy tenants. Close to USC Medical and...Great investment and low maintenance. Building offers one of the highest rent returns in the area. Situated in a quaint El Sereno neighborhood, it has modern updates. Separately metered for gas & electric with four 1-car garages with alley access and a gated yard. Each unit has laundry. Common areas are solid surface-polished concrete or newer laminate. Each unit has an option for dedicated outdoor space. All these amenities equal an easy to rent unit with happy tenants. Close to USC Medical and Cal State LA. Due to current showing restrictions, please view 3-D tour and look at Google Maps street view. We also request that your client drive by the property before submitting an offer. Call with any questions. All offers are subject to interior inspection. Please do not go on premises or disturb tenants.
  1. Listed by Darren Hubert • DRE #01330183 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz
  2. Listed by Joseph Cloninger • DRE #01954784 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz

Property Details for 2727 Phelps Avenue

Zoning
LARD3
Parcel Number
5217001019
Total Units
3.0
Living Area
2200
Source Living Area
Vendor Enhanced
Area
El Sereno (621)
Vacancy Rate
0
Lot Size Area
4996

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Darren Hubert, DRE #01330183; Keller Williams Realty Los Feliz, Joseph Cloninger, DRE #01954784

Sold By Figure 8 Realty, Katherine Gallivan, DRE #02001740

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LISTING UPDATED: 07/22/2020 11:50 PM

Property Details for 2727 Phelps Avenue

StatusSold
MLS #20-576404
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.11 AC / 4,996 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Darren Hubert, DRE #01330183; Keller Williams Realty Los Feliz, Joseph Cloninger, DRE #01954784

Sold By Figure 8 Realty, Katherine Gallivan, DRE #02001740

Add your commute

Virtual Tour

Building Information for 2727 Phelps Avenue

Stories2Residences-Year Built1956Building Size-Lot Size0.11 AC / 4,996 SF

Payment Calculator

$5,524 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,612

Property Taxes

$912

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2727 Phelps Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: attached
  • View: Yes
  • View Description: Canyon
  • View: Canyon
  • Water: In Street, Public
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $69,480
  • Net Operating Income: $48,504.00
  • Gross Income: $69,480
  • Cap Rate: 5.50%
  • Gross Rent Multiplier: $12.59
  • Actual Annual Gross Rent: $69,480.00
  • Actual Rent Total: $69,480.00
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 15432
  • Water Expense: $865.00
  • Electric Expense: $588.00
  • Other Expense: $220.00
  • Expense Pest: $480.00
  • Tax Expense: $10,937
  • Expense Maintenance Percent: $5.00
  • Gardener Expense: $1,200
  • Insurance Expense: $955
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 4996
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage - 1 Car
  • Total Parking: 4
  • Covered Parking: 4
  • Open Other Spaces Total: 0
  • Garage Spaces Total: 4
  • Parking Features: Assigned, Garage - Single Door
Interior Features
Interior Features
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
Exterior Features
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-05-2020
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $30,000.00
  • Unit Projected Rent: $30,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,595.00
  • Unit Actual Rent: $19,140.00
  • Unit Projected Rent: $19,140.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,695.00
  • Unit Actual Rent: $20,340.00
  • Unit Projected Rent: $20,340.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Water Meters: 1
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.25%
  • Assessed Improvement Value: $200,000.00
  • Assessed Land Value: $390,000.00

Property History for 2727 Phelps 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 2727 Phelps Avenue

Taxable ValueLand$462,978Additions$416,960Total$879,938
Tax Record2023$10,939 ($912 / month)
Home Facts
Total Finished SqFt2,200 SqFtAbove Grade Finished SqFt2,200 SqFtLot Size4,996 SqFtStyleTriplexYear Built1956ZoningLARD3CountyLOS ANGELESAPN5217-001-019

Schools near 2727 Phelps 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
Farmdale Elementary School
PublicK to 5

El Sereno Middle School
Public6 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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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 Keller Williams Realty Los Feliz, Darren Hubert, DRE #01330183; Keller Williams Realty Los Feliz, Joseph Cloninger, DRE #01954784

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.