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    254 E Lanzit Ave

    Los Angeles, CA 90061
    • $1,499,000
    • STATUS: Active
    • ON SITE: 26 days
    • ID#: 20-654952
    UPDATED: 62 min ago
    $1,499,000
    • 15
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,600
      SQFT
    • $268
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    Excellent Cash Flowing Opportunity! True 7.6% CAP in the heart of South Los Angeles! Building is currently occupied by Section 8 Tenants that are current with rent and are continuing to pay. Fantastic unit mix of 5 - 3 bedroom units. Unit #1 is a townhome style with 2 floors. Currently 2 of the units are vacant which would allow a new owner owner to select their own tenants. Building is 5,600 Sq. Ft. on a large 10,512 Sq. Ft. lot. There is ample on-site parking for all units. There is also a laundry room on-site that is not currently in use but a new owner could take advantage of to produce additional revenue.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T13:42:22.127. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111562334
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    254 E Lanzit Ave Los Angeles, CA 90061

    • Price: $1,499,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 20-654952
    15
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    5,600
    SQFT
    $268
    $/SQFT
    1991
    Built
    Neighborhood:
    Metropolitan South
    County:
    Los Angeles
    Area:
    Metropolitan South
    Property Description
    Excellent Cash Flowing Opportunity! True 7.6% CAP in the heart of South Los Angeles! Building is currently occupied by Section 8 Tenants that are current with rent and are continuing to pay. Fantastic unit mix of 5 - 3 bedroom units. Unit #1 is a townhome style with 2 floors. Currently 2 of the units are vacant which would allow a new owner owner to select their own tenants. Building is 5,600 Sq. Ft. on a large 10,512 Sq. Ft. lot. There is ample on-site parking for all units. There is also a laundry room on-site that is not currently in use but a new owner could take advantage of to produce additional revenue.
    Exterior Features

    Cross Streets S San Pedro St. Lot Size Area 10512 Other Structures None Parking Garage Tandem Total Parking 10

    Interior Features

    Baths Total 6.00 Cooling None Equipment Range/OvenCeiling Fan Heating Wall Laundry Community

    Property Features

    Assessed Total Value 438803 Gross Income 159000 Gross Operating Income 159000 Like Units1 4 Like Units2 1 Net Operating Income 113862.00 Number Of Buildings 1 Number Of Units 5 Owner Pays Water Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 45138 Type Of Units Residential Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Michael R. Fukushima DRE#01380445 of Keller Williams Downtown La.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-29T13:42:22.127. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211