8409 South Central Avenue

Los Angeles, CA 90001

$575,000
Last Sold Price
4
Beds
3
Baths
1,500 Sq. Ft.
$383 / Sq. Ft.
1,500
Sq. Ft.
$383
per Sq. Ft.

Description

Investment opportunity(11% CAP RATE). 3 Cash producing UNITS located in the heart of Los Angeles, Ca (Florence-Graham). The property consists of one 1 bedroom, 1 bath unit (RENTED), One 1 bedroom, 1 bath unit (VACANT) and One 2 bedroom, 1 bath unit (VACANT) the property has 5 PARKING SPOTS and ALLEY ACCESS. The property is ready to be rented and to start producing CASH FLOW upon a successful close of escrow.Investment opportunity(11% CAP RATE). 3 Cash producing UNITS located in the heart of Los Angeles, Ca (Florence-Graham). The property consists of one 1 bedroom, 1 bath unit (RENTED), One 1 bedroom, 1 bath unit (VACANT) and One 2 bedroom, 1 bath unit (VACANT) the property has 5 PARKING SPOTS and ALLEY ACCESS. The property is ready to be rented and to start producing CASH FLOW upon a successful close of escrow.
  1. Listed by Coral Romero • DRE #01914785 • Brokerage DRE #02021339 • Good Opportunity Homes & Investments

Property Details for 8409 South Central Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1500
Assessor Parcel Number
6029-021-003
Property Attached YN
false

Location

Listing Courtesy of Good Opportunity Homes & Investments, Coral Romero, DRE #01914785

Sold By Good Opportunity Homes & Investments, Coral Romero, DRE #01914785

Add your commute
LISTING UPDATED: 04/20/2021 06:35 AM

Property Details for 8409 South Central Avenue

StatusClosed
MLS #DW21034039
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.09 AC / 4,002 SF
CountyLos Angeles County

Location

Listing Courtesy of Good Opportunity Homes & Investments, Coral Romero, DRE #01914785

Sold By Good Opportunity Homes & Investments, Coral Romero, DRE #01914785

Add your commute

Building Information for 8409 South Central Avenue

Stories-Residences-Year Built1930Building Size-Lot Size0.09 AC / 4,002 SF

Payment Calculator

$3,767 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,138

Property Taxes

$629

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8409 South Central Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $58,800
  • Gross Scheduled Income: $58,800
  • Net Operating Income: $48,100
  • Number Of Rented Garages: 0
  • Cap Rate: 11.0
Expense Details
  • Operating Expense: $10,700
  • New Taxes Expense: $6,500
  • Fuel Expense: $0
  • Insurance Expense: $1,500
  • Trash Expense: $1,500
  • Water Sewer Expense: $1,200
  • Total Expenses: $10,700
Tax / Assessment Info
  • Tax Tract Number: 62
  • Tax Census Tract: 2398.02
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Near Public Transit, Walkstreet
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 8409 South Central 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 8409 South Central Avenue

Taxable ValueLand$358,938Additions$239,292Total$598,230
Tax Record2023$7,544 ($629 / month)
Home Facts
Total Finished SqFt1,500 SqFtAbove Grade Finished SqFt1,500 SqFtLot Size4,002 SqFtStyleTriplexYear Built1930ZoningLAC2CountyLOS ANGELESAPN6029-021-003

Schools near 8409 South Central Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Russell Elementary School
PublicK to 6

Charles Drew Middle School
Public7 to 8

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 Good Opportunity Homes & Investments, Coral Romero, DRE #01914785

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.