4267 South Victoria Avenue
4267 South Victoria Avenue
View Park, CA 90008
$1,119,000
Price
5
Beds
3
Baths
2,390 Sq. Ft.
$468 / Sq. Ft.
2,390
Sq. Ft.
$468
per Sq. Ft.
Description
Location, location, location. This is a major value add or owner occupy opportunity in this Spanish style duplex, two separate units w no common wall and its own private yard in the historical View Park neighborhood. Whether owner occupied, short term or long terms hold investors this incredible value opportunity is right here. this is a dream scenario for owner occupiers. Obtain a lower rate via residential financing, live in a gorgeous home, & have the other tenant contribute to the mortgage: the...Location, location, location. This is a major value add or owner occupy opportunity in this Spanish style duplex, two separate units w no common wall and its own private yard in the historical View Park neighborhood. Whether owner occupied, short term or long terms hold investors this incredible value opportunity is right here. this is a dream scenario for owner occupiers. Obtain a lower rate via residential financing, live in a gorgeous home, & have the other tenant contribute to the mortgage: the most economical way to live in LA! Plus, with potential to add an ADU. For owner users to enhance their investment, the owner, their parents, or children plan to reside in the larger downstairs unit for a two-year period, they can take possession of the unit. This can be accomplished by providing the tenant with a 60-day notice & paying a relocation fee of $18,971.00. Once the two-year residency requirement is met, the owner has the option to release the unit at the market rent to a third party, which would result in an increase in overall value & also have an opportunity to update units and maximize return value on rent. If you are an investor looking for a strong return & major appreciation potential, this property checks that box as well surrounded by multimillion dollar homes with a new list 5 doors down for 2m showing what can be done in premier neighborhood. The units have maintained all of its Spanish character. They boast spacious floor plans, plentiful windows letting in ample natural lighting, hardwood flooring, original arches, breakfast nooks, service area with their own washer and dryer hook ups and access to their own private backyards. A new roof and new sewer line was put in a year ago. Between the ideal central location and the unbeatable curb appeal, this property is your chance to own a stable asset in LA that we predict will increase in value year after year.
- Listed by James Hill • DRE #01186994 • Brokerage DRE #01186994 • Universal Asset Mngmt & Inv.
Property Details for 4267 South Victoria Avenue
Zoning
LCR1*
StyleSpanish
Cross StreetsVictoria Avenue and Homeland Drive
Parcel Number5024004010
Total Units2.0
Living Area2390
Source Living AreaVendor Enhanced
AreaPark Hills Heights (PHHT)
Location
Listing Courtesy of Universal Asset Mngmt & Inv., James Hill, DRE #01186994
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LISTING UPDATED: 05/05/2024 06:12 PM
Property Details for 4267 South Victoria Avenue
| Status | Active |
|---|---|
| MLS # | 24-373793 |
| Days on Market | 30 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1936 |
| Lot Size | 0.16 AC / 6,952 SF |
| County | Los Angeles County |
Location
Listing Courtesy of Universal Asset Mngmt & Inv., James Hill, DRE #01186994
Add your commute
Building Information for 4267 South Victoria Avenue
Stories-Residences-Year Built1936Building Size-Lot Size0.16 AC / 6,952 SF
Payment Calculator
$7,121 per month
30 year fixed, 7.25% Interest
Principal and Interest
$6,107
Property Taxes
$1,014
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 4267 South Victoria Avenue
Community / Development
Community / Development
- Tax Mello Roos: No
- Number Of Units: 2
- Amenities: None
- Senior Community: No
Structure Info
Structure Info
- Year Built Source: Vendor Enhanced
- Number Of Stories: 0
- Number Of Buildings: 2
- Type Of Units: duplex
- View: No
- View Description: None
- View: None
- Security Features: Smoke Detector, Exterior Security Lights, Carbon Monoxide Detector(s)
- Property Condition: No Additions/Alter, Repair Cosmetic
- Water: District, Public
- Sewer: In Street
- Water Heaters: Yes
- Additions Alterations: No
- Water Heater Features: Gas, Water Heater Unit
- Water District: DWP
Contract Info
Contract Info
- Probate: No
- Financing: Cash, Cash To New Loan, Conventional, Submit, FHA, VA, CAL Vet
- Disclosures: As Is, Unincorporated Community, Listing Broker Advantage
- Listing Type: Exclusive Right To Sell
- Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
- Scheduled Actual: Scheduled
- Gross Operating Income: $33,996
- Net Operating Income: $32,400.00
- Gross Income: $33,996
- Gross Rent Multiplier: $15.00
- Owner Pays: Water
- Total Annual Expense: 1596
Land / Lot Info
Land / Lot Info
- Alley: No
- Paved: Yes
- Lot Acreage: 0.1596
- Lot Size Square Feet: 6952
- Lot Size Dimensions: 50x140
- Source Lot Size Dimensions: Assessor
- Lot Features: Lawn, Front Yard, Rectangular Lot, Utilities - Overhead, Yard, Back Yard
- Lot Description: Lawn, Front Yard, Lot Shape-Rectangular, Utilities - Overhead, Street Asphalt, Single Lot, Sidewalks, Walk Street, Yard, Back Yard, Fenced Yard, Fenced
- Lot Location: City, Corner Lot
Parking Details
Parking Details
- Parking Garage: Detached, Driveway, Covered Parking, Garage - 2 Car, Driveway - Concrete
- Total Parking: 2
- Covered Parking: 2
- Open Other Spaces Total: 2
- Garage Spaces Total: 2
- Parking Features: Driveway, Covered, Garage - Two Door, Concrete
- Attached Garage: No
- Garage Structures Total: 1.0
Interior Features
Interior Features
- Room Type: Center Hall, Attic, Living Room, Formal Entry, Entry
- Rooms: Center Hall, Breakfast, Breakfast Area, Attic, Dining Room, Dining Area, Service Entrance, Living Room, Formal Entry, Entry
- Levels: One
- Fireplace Features: Living Room, Gas, Wood Burning
- Fireplace Rooms: Living Room, Gas, Gas and Wood, Wood Burning
- Den: No
- Family Room: 0
- Dining Room: 1
- Cooling: None
- Cooling Type: None
- Heating: Wall Furnace, Fireplace(s), Wood
- Heating Type: Wall, Fireplace, Wood, Wall Gas
- Flooring: Mixed, Hardwood, Laminate, Vinyl Tile, Wood Laminate, Wood, Ceramic Tile
- Equipment: Garbage Disposal, Gas Dryer Hookup, Washer, Refrigerator, Range/Oven, Microwave, Dryer, Cable
- Interior Features: Coffered Ceiling(s), Detached/No Common Walls, Plaster Walls, Furnished
- Room Kitchen Features: Tile Counters
- Kitchen Features: Ceramic Counters, Counter Top, Galley Kitchen, Tile Counters
- Room Bathroom Features: Shower in Tub, Shower, Tile Counters
- Bathroom Features: Shower and Tub, Shower Stall, Shower Over Tub, Tile
- Bedroom Features: Main Floor Bedroom
- Common Walls: Detached/No Common Walls
- Cooking Appliances: Free Standing Gas, Oven-Gas, Microwave, Gas, Range
- Laundry: Laundry Area, Inside, In Unit
- Laundry Equipment: Own
- Volt220 Location: In Laundry
- TV Services: Cable TV
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: Clay, Flat, Spanish Tile
- Sprinklers: None
- Patio Features: Porch, Porch - Front, Covered Porch, Slab, Concrete Slab
- Entry Location: Foyer
- Windows: Screens, Custom Window Covering
- New Construction: No
- Construction Materials: Plaster, Stucco
- Exterior Construction: Hard Coat, Plaster, Stucco
- Foundation Details: Raised
- Other Structural Features: Two On A Lot, Service Entrance
- Other Structures: Other
Lease Terms
Lease Terms
- Entry Date: 04-02-2024
- Listing Terms: Cash, Cash To New Loan, FHA, Freddie Mac
- Rent Control: Yes
- Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
- Unit Beds: 3
- Unit Baths: 2
- Unit Furnished: No
- Unit Rent: $1,545.00
- Unit Actual Rent: $1,545.00
- Unit Projected Rent: $3,850.00
- Like Units: 1
Unit 2 Information
- Unit Beds: 2
- Unit Baths: 1
- Unit Furnished: No
- Unit Rent: $1,288.00
- Unit Actual Rent: $1,288.00
- Unit Projected Rent: $2,500.00
- Like Units: 1
Unit Details
- Unit Type Type: 2106, 2107
- Number of Disposal: 2
- Number of Electric Meters: 2
- Number of Gas Meters: 2
Tax and Assessed Info
Tax and Assessed Info
- Assessed Improvement Value: $300,000.00
- Assessed Improvement Percent: 32.61
- Assessed Land Value: $620,000.00
- Assessed Land Percent: 67.39
- Assessed Total Value: $920,000.00
- Private Transfer Taxes: No
Property History for 4267 South Victoria Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4267 South Victoria Avenue
Taxable ValueLand$620,000Additions$300,000Total$920,000
Tax Record2023$12,166 ($1,014 / month)
Home Facts
Total Finished SqFt2,390 SqFtAbove Grade Finished SqFt2,390 SqFtLot Size6,952 SqFtStyleDuplexYear Built1936ZoningLCR1*CountyLOS ANGELESAPN5024-004-010
Schools near 4267 South Victoria Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Charter - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Fifty-Fourth Street Elementary School PublicK to 6 | ||
Magnolia Science Academy 6 School Charter6 to 8 | ||
Forty-Second Street Elementary School PublicK to 5 |
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 Universal Asset Mngmt & Inv., James Hill, DRE #01186994
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.