410 North Pearl Avenue
410 North Pearl Avenue
Description
Built in 1953, the property consists of three buildings: Unit (A) is a 3 bed & 1.75 bath house with its own backyard and attached one car garage Unit B: Is a comfortable 2-bedroom, 1-bathroom unit Units C & D: Are two charming 1-bedroom, 1-bathroom units
Reposition and unlock additional revenue with proforma rents almost doubling current income! Additional opportunity also exists with...Investment Opportunity! This well-maintained fourplex offers excellent potential for investors seeking strong returns
Built in 1953, the property consists of three buildings: Unit (A) is a 3 bed & 1.75 bath house with its own backyard and attached one car garage Unit B: Is a comfortable 2-bedroom, 1-bathroom unit Units C & D: Are two charming 1-bedroom, 1-bathroom units
Reposition and unlock additional revenue with proforma rents almost doubling current income! Additional opportunity also exists with the 580 sq ft garage. Currently used for storage, it has the potential to be converted into an Accessory Dwelling Unit (ADU), generating additional rental income. Strong Rental Market
Current rents total $5,585/month, with an estimated 40%+ in upside potential rent. This property is ideal for investors seeking a fix-and-flip strategy or a long-term hold with significant income growth. Highlights:
Four-unit apartment complex in desirable location
Large lot with development potential (zoned CORH)
Three well-maintained buildings
Significant upside potential
Potential ADU conversion opportunity
This property is exempt from LA City rent control, offering additional flexibility for investors
- Listed by Isaac Rosales • DRE #01389408 • Brokerage DRE #01423507 • Executive Bankers Realty • 310-754-0124
Property Details for 410 North Pearl Avenue
Location
Property Details for 410 North Pearl Avenue
| Status | Active |
|---|---|
| MLS # | RS24082180 |
| Days on Market | 11 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1953 |
| Lot Size | 0.19 AC / 8,493 SF |
| County | Los Angeles County |
Location
Building Information for 410 North Pearl Avenue
Payment Calculator
$6,579 per month
30 year fixed, 7.25% Interest
$5,594
$985
$0
Property Information for 410 North Pearl Avenue
- Tenant Pays: Electricity, Gas
- Gross Income: $67,020
- Gross Scheduled Income: $67,020
- Gross Spendable Income: $44,371
- Vacancy Allowance: 1340
- Vacancy Allowance Rate: 2
- Gross Operating Income: $65,679
- Net Operating Income: $44,706
- Gross Multiplier: 15.2
- Cap Rate: 4.36
- Operating Expense: $20,973
- Operating Expense Percent: 31.29%
- Insurance Expense: $2,300
- Trash Expense: $1,200
- Water Sewer Expense: $2,100
- Total Expenses: $20,973
- Tax Block: 24
- Tax Tract Number: 5085
- Tax Census Tract: 5416.05
- CFD/Mello-Roos Fee: $2,469
- Tax Lot: 6
- Community Features: Sidewalks, Urban
- Laundry: No
- Laundry Features: None
- Cooling: Wall/Window Unit(s)
- Heating Type: Central, Forced Air
- Heating: Central, Forced Air
- Heat Equipment: Forced Air Unit
- Entry Location: 1
- Property Condition: Additions/Alterations
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 2-5 Units/Acre
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 4
- Uncovered Spaces: 4
- Open Other Spaces Total: 4
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,100
- Unit Type Total Rent: $2,100
- Unit Type Pro Forma: 3200
- Unit Type Type: 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: Yes
- Unit Type Actual Rent: $1,185
- Unit Type Total Rent: $1,185
- Unit Type Pro Forma: 2450
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,150
- Unit Type Total Rent: $1,150
- Unit Type Pro Forma: 1964
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,150
- Unit Type Total Rent: $1,964
- Unit Type Pro Forma: 1964
- Unit Type Type: 4
- Number Of Units Leased: 3
- Rent Controlled: Yes
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 410 North Pearl Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 410 North Pearl Avenue
Schools near 410 North Pearl Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 12 |
Rating | School | Distance |
|---|---|---|
Mayo Elementary School PublicK to 8 | ||
Whaley Middle School Public6 to 8 | ||
Dominguez High School Public9 to 12 | ||
Lifeline Education Charter School CharterK 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.
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Listing Courtesy of Executive Bankers Realty, Isaac Rosales, DRE #01389408
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.