4009 Stevely Ave

Los Angeles CA 90008

16287 sq. ft.

Other

Last sold for $4,590,000

NATHAN DIONES, last sold this property on 01 April 2019 after 737149 days on market.

Overview

Residential Income - Los Angeles, CA

18 Unit building in a high demand rent area provides very little turnover and long term cash flows. Current rents are ± 24% under market rates which. All earthquake retro fitting has been completed! Extensively upgraded and modernized units including all major capital expense items such as plumbing, electrical, HVAC's, painting, electric entry gate, decking, doors and dual pane windows. (1) Studio, (3) 1+1 Units, (13) 2+2 Units, (1) 3+2 Unit Fully assumable loan @ 4.07% for another 4.5 years at ± $2,700,000. Existing gross scheduled income (GSI) is $317,520.00, assuming a new investor brought all units to up to market rents, assumed annual GSI would be ± $423,840.00.

Features

18 carspaces

16287 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar other properties sold in Los Angeles over the last 12 months.

Property history for 4009 Stevely Ave

2019

Sold

$4,590,000

01 Apr 2019 by NATHAN DIONES, of REGIONCY REAL ESTATE

Happy sellers in Los Angeles

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