616 South Ford Boulevard

Los Angeles, CA 90022

$650,000
Price
$650,000
Price
6
Beds
4
Baths
2,162 Sq. Ft.
$301 / Sq. Ft.
2,162
Sq. Ft.
$301
per Sq. Ft.

Property Details

StatusAccepting Backup Offers
MLS #19476954
Year Built1947
DOM6
Compass TypeTownhouse
MLS TypeResidential Income / Fourplex
Lot Size0.15 AC / 6,531 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Contact Agent(s)

Property Details

Area
East Los Angeles (ELA)
Parking Spaces Total
6
Pool
No
Cooling Type
Air Conditioning

Description

**DO NOT DISTURB TENANTS** Fully occupied with great long term tenants and a value add opportunity. This is a wonderful cash flowing property to add to your portfolio with upside. Very easy to manage with very low maintenance. Water heaters/lines are new or newer, roof approx 17 years old, some electrical & one electrical panel replaced. Buyer (s) to do there due diligence on rent control/rent stabilization in the area.

Listing Agents

  1. Richard Alvarado III

    Alternative Listing Agent

    Compass

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Building Information

Stories-Residences4Year Built1947Building Size-Lot Size0.15 AC / 6,531 SF

Payment Calculator

$2,619 per month

30 year fixed, 4.45% Interest

Principal and Interest

$2,619

Property Taxes

HOA Dues

$0

Property Information for 616 South Ford Boulevard

Property Features
    Interior Features
  • Heating: Forced Air
  • Interior Features: Other
    Parking Info
  • Parking Features: Driveway
Community/Development / Location Info
    School/Location Info
  • County: Los Angeles
  • Driving Directions: South of E 6th, North of Hubbard.
    Association Information
  • Association/HOA: No
Income / Expense / Tax / Assessment Details
    Income Details
  • Adjusted Gross Income: $55,500
  • Cap Rate: 5.65
  • Gross Operating Income: $55,500
  • Gross Rent Multiplier: 11.7
  • Net Operating Income: $36,696
    Expense Details
  • Expense Gardener: $300
  • Expense Insurance: $1,800
  • Expense Maintenance: $2,100
  • Expense Tax: $7,800
  • Expense Total Annual: $18,804
  • Expense Water: $6,900
    Assessment Info
  • Assessed Improvement Value: $148,578
  • Assessed Land Value: $104,005
Land/Lot Info
    Land/Lot Info
  • Lot Size Source: Vendor Enhanced
  • Lot Size SQFT: 6531
  • Tax Parcel Number: 5247011003
  • Zoning: LCR3YY
Structure Info
    Structure Info
  • Units Total In Complex: 4
  • Number Of Buildings: 2
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Square Footage Source: Title Company
  • Year Built: 1947
Unit Information
    Unit 1 Info
  • Unit Furnished 1: Unfurnished
  • Unit Monthly Rent 1: $1,025
  • Unit Number Of Bath 1: 1.0
  • Unit Number Of Bed 1: 1.0
  • Unit Projected Total Monthly Rent 1: $1,150
  • Unit Total Monthly Rent 1: $1,025
  • Unit Type 1: 1.0
    Unit 2 Info
  • Unit Furnished 2: Unfurnished
  • Unit Monthly Rent 2: $900
  • Unit Number Of Bath 2: 1.0
  • Unit Number Of Bed 2: 1.0
  • Unit Projected Total Monthly Rent 2: $1,000
  • Unit Total Monthly Rent 2: $900
  • Unit Type 2: 1.0
    Unit 3 Info
  • Unit Furnished 3: Unfurnished
  • Unit Monthly Rent 3: $1,300
  • Unit Number Of Bath 3: 1.0
  • Unit Number Of Bed 3: 2.0
  • Unit Projected Total Monthly Rent 3: $1,500
  • Unit Total Monthly Rent 3: $1,300
  • Unit Type 3: 1.0
    Unit 4 Info
  • Unit Furnished 4: Unfurnished
  • Unit Monthly Rent 4: $1,400
  • Unit Number Of Bath 4: 1.0
  • Unit Number Of Bed 4: 2.0
  • Unit Projected Total Monthly Rent 4: $1,600
  • Unit Total Monthly Rent 4: $1,400
  • Unit Type 4: 1.0
    Unit 5 Info
  • Unit Furnished 5: Partially
    Unit 6 Info
  • Unit Furnished 6: Partially
    Unit 7 Info
  • Unit Furnished 7: Partially
    Unit 8 Info
  • Unit Furnished 8: Partially
    Unit 9 Info
  • Unit Furnished 9: Partially
    Unit 10 Info
  • Unit Furnished 10: Partially
    Unit 11 Info
  • Unit Furnished 11: Partially
    Unit 12 Info
  • Unit Furnished 12: Partially
    Unit 13 Info
  • Unit Furnished 13: Partially

Property History for 616 South Ford Boulevard

DateEvent & SourcePriceAppreciation
Jun 12, 2019Accepting Backup Offers

CARETS #19476954

Jun 12, 2019Pending

CARETS #19476954

Jun 11, 2019Listed (Active)

CARETS #19476954

$650,000
DateEvent & SourcePrice
06/12/2019
Accepting Backup Offers

CARETS #19476954

06/12/2019
Pending

CARETS #19476954

06/11/2019
Listed (Active)

CARETS #19476954

$650,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records

Taxable ValueLand$106,085Additions$151,549Total$257,634
Tax Record2018$4,794
Home Facts
Beds5Finished Sq.Ft.2,162 SqFtLot Size6,531 SqFtStyleQuadraplexYear Built1947ZoningLCR3YYCountyLOS ANGELESAPN5247011003

Schools in Los Angeles, CA

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Humphreys Avenue Elementary SchoolPublicK-50.1 mi
4
David Wark Griffith Middle SchoolPublic6-80.5 mi
4
Monterey Continuation SchoolPublic9-120.6 mi
NR
James A. Garfield Senior High SchoolPublic9-120.6 mi
6

Humphreys Avenue Elementary School

K-5, 0.1 mi, Public

4

David Wark Griffith Middle School

6-8, 0.5 mi, Public

4

Monterey Continuation School

9-12, 0.6 mi, Public

NR

James A. Garfield Senior High School

9-12, 0.6 mi, Public

6

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.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
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