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    7131 La Tijera Boulevard

    Los Angeles, CA 90045
    • $1,900,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: V1-1637
    UPDATED: 51 min ago
    $1,900,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    Well maintained 6 unit property right off the 405! Rent controlled area of Los Angeles, but the factor for this building is comparable to that of newer buildings in the area. (Factor of 23.66 vs. a comparable of a newer building in the area of 19.49) Covid -19 restricts the 4% raise that would normally happen per year with rent control. Pro-forma rent would generate $122,400 in gross income for the year. All 6 units are rented. Owner is constantly is updating building, most recently exterior lighting that 'Lights up like a Christmas tree!' New paint, new plumbing, and some newer windows are also recent additions. Three door garage is separate from main building, two cars in each garage so all tenants have parking. Unit 1-rent of 1600 Unit 2-rent of 1545 (due to be raised 4/20)Unit 3-rent of 1590 (due to be raised 4/21)Unit 4-rent of 1404 (due to be raised 9/20)Unit 5-rent of 1377 (due to be raised 9/20)Unit 6-rent of 1175 (due to be raised 10/20)Expenses:Repairs/maintenance- 4,425Cleaning-1,115Utilities-4,475Insurance-1,880Taxes- 22,040Management- 805(These are actual expenses for 2019 except taxes which are adjusted to the 2020 tax rate of 1.16% if the purchase was 1,900,000)

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    Based on information from CRISNet MLS as of 2020-12-01T22:56:08.437. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2020-12-01T22:56:08.437. 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/110556225
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    7131 La Tijera Boulevard Los Angeles, CA 90045

    • Price: $1,900,000
    • Status: Active
    • Updated: 51 min ago
    • ID#: V1-1637
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1951
    Built
    Neighborhood:
    Not Applicable
    County:
    Los Angeles
    Property Description
    Well maintained 6 unit property right off the 405! Rent controlled area of Los Angeles, but the factor for this building is comparable to that of newer buildings in the area. (Factor of 23.66 vs. a comparable of a newer building in the area of 19.49) Covid -19 restricts the 4% raise that would normally happen per year with rent control. Pro-forma rent would generate $122,400 in gross income for the year. All 6 units are rented. Owner is constantly is updating building, most recently exterior lighting that 'Lights up like a Christmas tree!' New paint, new plumbing, and some newer windows are also recent additions. Three door garage is separate from main building, two cars in each garage so all tenants have parking. Unit 1-rent of 1600 Unit 2-rent of 1545 (due to be raised 4/20)Unit 3-rent of 1590 (due to be raised 4/21)Unit 4-rent of 1404 (due to be raised 9/20)Unit 5-rent of 1377 (due to be raised 9/20)Unit 6-rent of 1175 (due to be raised 10/20)Expenses:Repairs/maintenance- 4,425Cleaning-1,115Utilities-4,475Insurance-1,880Taxes- 22,040Management- 805(These are actual expenses for 2019 except taxes which are adjusted to the 2020 tax rate of 1.16% if the purchase was 1,900,000)
    Exterior Features

    Fence YN No Fencing None Levels Two Lot Features Sprinklers None Lot Size Area 0.1900 Parking Features AssignedGarage - Three DoorOn Site Parking Total 6.00 Parking YN Yes View None View YN No

    Interior Features

    Appliances Gas Oven Appliances YN Yes Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetWood Laundry Features InsideWasher Hookup Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features Urban Fuel Expense 200.00 Gross Income 115035.00 Gross Scheduled Income 115035.00 Insurance Expense 1880.00 Land Lease YN No Net Operating Income 80295.00 New Taxes Expense 22040.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 0 Number Of Units Leased 6 Operating Expense 34740.00 Pool Features None Pool Private YN No Professional Management Expense 805.00 Property Attached YN Yes Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Security LightsSmoke Detector(S) Senior Community YN No Spa Features None Spa YN No Special Listing Conditions Standard Subdivision Name Other Not Applicable Tenant Pays ElectricityGas Total Expenses 34740.00 Trash Expense 1492.00 Water Sewer Expense 1492.00

    Listing provided courtesy of Robert Edwards, CA DRE# , of Bob Edwards Realty.


    Based on information from CRISNet MLS as of 2020-12-01T22:56:08.437. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2020-12-01T22:56:08.437. 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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    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211