9022 South Central Avenue

Los Angeles, CA 90002

$749,000
Last Sold Price
4
Beds
4
Baths
2,490 Sq. Ft.
$301 / Sq. Ft.
2,490
Sq. Ft.
$301
per Sq. Ft.

Description

Great duplex producing a cap rate of 5.4% OR Live in one unit and rent out the other, all while having 3/4 of your mortgage paid by rent! A great opportunity in Los Angeles is an investment that leads to generational wealth. This wonderful Duplex was built 2005 and is still NOT subject to rent control. Each unit comes with 4 bedrooms and 2 bathrooms. The future owner of this property will be instantly positive with cash flow. However if the buyer decides to live in one of the units, the majority...Great duplex producing a cap rate of 5.4% OR Live in one unit and rent out the other, all while having 3/4 of your mortgage paid by rent! A great opportunity in Los Angeles is an investment that leads to generational wealth. This wonderful Duplex was built 2005 and is still NOT subject to rent control. Each unit comes with 4 bedrooms and 2 bathrooms. The future owner of this property will be instantly positive with cash flow. However if the buyer decides to live in one of the units, the majority of their mortgage payment will be paid off with rent money. To make the deal even better, this property sits across the street from an opportunity zone. If interested in knowing more information contact listing agent. This property comes with free property management services for a quarter of a year.
  1. Listed by Emmanuel Gamboa • DRE #02041836 • Brokerage DRE #01280965 • Century 21 Allstars

Property Details for 9022 South Central Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
2.0
Building Type
Attached
Living Area
2490
Assessor Parcel Number
4016-027-010
Property Attached YN
true
Common Walls
1 Common Wall

Location

Listing Courtesy of Century 21 Allstars, Emmanuel Gamboa, DRE #02041836

Sold By Keller Williams Realty Irvine, Christopher Combs, DRE #01930012

Add your commute
LISTING UPDATED: 03/17/2021 04:00 AM

Property Details for 9022 South Central Avenue

StatusClosed
MLS #DW20226718
Days on Market62
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2005
Lot Size0.09 AC / 4,012 SF
CountyLos Angeles County

Location

Listing Courtesy of Century 21 Allstars, Emmanuel Gamboa, DRE #02041836

Sold By Keller Williams Realty Irvine, Christopher Combs, DRE #01930012

Add your commute

Building Information for 9022 South Central Avenue

Stories2Residences-Year Built2005Building Size-Lot Size0.09 AC / 4,012 SF

Payment Calculator

$4,918 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,088

Property Taxes

$830

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9022 South Central Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $60,000
  • Net Operating Income: $50,000
  • Number Of Rented Garages: 0
  • Gross Multiplier: 13.0
  • Cap Rate: 5.4
  • Financing: Contract
Expense Details
  • Operating Expense: $10,000
  • New Taxes Expense: $10,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,700
  • Trash Expense: $600
  • Water Sewer Expense: $3,000
  • Total Expenses: $15,300
Tax / Assessment Info
  • Tax Tract Number: 7421
  • Tax Lot: 442
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • 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: 2
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $5,000
  • Unit Type Pro Forma: 5500
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 9022 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 9022 South Central Avenue

Taxable ValueLand$467,139Additions$312,120Total$779,259
Tax Record2023$9,964 ($830 / month)
Home Facts
Total Finished SqFt2,490 SqFtAbove Grade Finished SqFt2,490 SqFtLot Size4,012 SqFtStyleDuplexYear Built2005ZoningLAC2CountyLOS ANGELESAPN6043-007-022

Schools near 9022 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
Charter - K to 4
Rating
School
Distance
Russell Elementary School
PublicK to 6

Charles Drew Middle School
Public7 to 8

KIPP Ignite Academy
CharterK to 4

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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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 Century 21 Allstars, Emmanuel Gamboa, DRE #02041836

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.