5414 Denker Avenue

Los Angeles, CA 90062

$930,000
Last Sold Price
6
Beds
5
Baths
2,352 Sq. Ft.
$395 / Sq. Ft.
2,352
Sq. Ft.
$395
per Sq. Ft.

Description

Turn key cash flow. Current rents are 100% subsidized. 22% upside in rents makes this an incredible value add property. 7.5 CAP to start! Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the...Turn key cash flow. Current rents are 100% subsidized. 22% upside in rents makes this an incredible value add property. 7.5 CAP to start! Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the opportunity to achieve cash flow from day 1. One unit currently vacant and it has been remodeled. 2 bedroom can be delivered vacant
  1. Listed by William Creed • DRE #01880695 • Brokerage DRE #00655202 • Clement Partners Real Estate

Property Details for 5414 Denker Avenue

Zoning
LAC1
Style
Bungalow
Parcel Number
5003018030
Total Units
5.0
Living Area
2352
Source Living Area
Assessor
Area
Los Angeles Southwest (C34)
Vacancy Rate
25%

Location

Listing Courtesy of Clement Partners Real Estate, William Creed, DRE #01880695

Sold By Charles McMillan, Charles McMillan, DRE #01155797

Add your commute
LISTING UPDATED: 07/22/2021 07:11 PM

Property Details for 5414 Denker Avenue

StatusSold
MLS #21-728418
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.13 AC / 5,726 SF
CountyLos Angeles County

Location

Listing Courtesy of Clement Partners Real Estate, William Creed, DRE #01880695

Sold By Charles McMillan, Charles McMillan, DRE #01155797

Add your commute

Building Information for 5414 Denker Avenue

Stories1Residences-Year Built1923Building Size-Lot Size0.13 AC / 5,726 SF

Payment Calculator

$6,082 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,075

Property Taxes

$1,007

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5414 Denker Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: Apartments
  • Security Features: Gated Community
  • Property Condition: Fixer
  • Sewer: Other
  • Water Heaters: Yes
  • Water Heater Features: Gas, Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Disclosures: 3rd Party Rights
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $91,872
  • Net Operating Income: $75,625.00
  • Gross Income: $91,872
  • Cap Rate: 7.50%
  • Gross Rent Multiplier: $10.20
  • Total Annual Expense: 16250
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1314
  • Lot Size Square Feet: 5726
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Ground Level
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: Ceiling Fan, Range/Oven, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-08-2021
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,528.00
  • Unit Actual Rent: $1,528.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,528.00
  • Unit Actual Rent: $1,528.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $1,250.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $126,375.00
  • Assessed Improvement Percent: 22.33
  • Assessed Land Value: $439,575.00
  • Assessed Land Percent: 77.67
  • Assessed Total Value: $565,950.00

Property History for 5414 Denker 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 5414 Denker Avenue

Taxable ValueLand$887,400Additions$61,200Total$948,600
Tax Record2023$12,080 ($1,007 / month)
Home Facts
Total Finished SqFt2,352 SqFtAbove Grade Finished SqFt2,352 SqFtLot Size5,726 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLAC1CountyLOS ANGELESAPN5003-018-030

Schools near 5414 Denker Avenue

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

Western Avenue Technology Magnet
PublicK to 8

Barack Obama Global Preparation Academy
Public6 to 9

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, William Creed, DRE #01880695

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.