Homes for sale - 3962 Brighton AVE, Los Angeles, CA 90062

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,300,000

Est. payment - /mo

4,804 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25248496

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1970

Lot Size 4,804 Sqft

Property Sub-Type Quadruplex

Property Description

Your income-producing dream property 1 mile from BMO stadium and minutes from USC, the LA Memorial Coliseum, SoFi Stadium, and Downtown LA.
This is a well maintained 4-plex in West Adams District. Front unit is the larger original house, the other 3 units were added to the back around 1970 with permits. Rents are below market on two of the units and Drastically below on 1 other. All tenants are on month-to-month rental agreements. (See Unit details below). This property features individual electric and gas meters AND tenants are billed for Water and Trash usage. Property is conveniently located near transportation, shopping, downtown and USC. Could make a great student housing. 1 unit may be vacant upon sale. Unit 2 is completely remodeled including electrical, walls, floors, windows, bathroom and complete kitchen.

This is a great Investment opportunity with long term stable tenants and great upside potential. Unit 1 can be up to $3000 and other units can be up to $2,400 or so which makes this sales price a deal for you. This building is on a nice quiet and safe block with wide streets. Off street assigned parking and storage closet is included. Don't miss out on this opportunity. Call listing agent for more information.
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Unit 1 Information -
Actual Rent: $506,
Potential rent $3,200,
# of Baths Full: 1,
Total # of Bedrooms: 2-3,
Condition: Moderate,
Furnished: Unfurnished
*******
Unit 2 Information -
Actual Rent: $2,400,
# of Baths Full: 1,
Total # of Bedrooms: 2,
Condition: Excellent,
Furnished: Unfurnished
*******
Unit 3 Information -
Actual Rent: $1,683,
Potential rent $2,400,
# of Baths Full: 1,
Total # of Bedrooms: 2,
Condition: Good,
Furnished: Unfurnished
*******
Unit 4 Information -
Actual Rent: $1,530,
NOW VACANT
Potential rent $2,400,
# of Bathrooms Full: 1,
Total # of Beds: 2,
Condition: Good,
Furnished: Unfurnished
*****************************
Building Expenses -
Trash: $0 (Tenant paid),
Maintenance: $1,500,
Licenses: $427,
Insurance: $3,000,
Water Sewer: $0 (Tenants paid),
Gardener: $1,800
*****************************
Net Operating Income: $63,813
Total Building Area: 2,998
Gross Scheduled Income: $
Gross Operating Income: $71,040
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 4
# Of Separate Electric Meters: 4
# Of Buildings: 2
Vacancy Allowance Rate: 3
Vacancy Allowance: 1217
*****************************

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Assigned

Carport Spaces 3

Fence None

Pool None

Community Features Curbs

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected

View Y/N No

View None

Roof Type Asbestos Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard, Sprinklers In Front, Near Public Transit

Story 2

Foundation See Remarks

Sewer Public Sewer

Water Public

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5036016019

Acceptable Financing Cash to New Loan, Submit

Listing Terms Cash to New Loan, Submit

Special Listing Condition Standard, No Smoking

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Listed by Donald Drake Golden State Realtors Group DDrakeRealEstate@gmail.com

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