Skip To Content

1054 N Townsend Ave

Los Angeles, CA 90063
  • $799,000
  • STATUS: ACTIVE
  • ON SITE: 68 Days
  • ID#: 220013421
UPDATED: 185 min ago
$799,000
  • 3
    BEDS
  • 0.15
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,515
    SQFT
  • $318
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Description

1054 N Townsend is a mixed-use property in City Terrace which is a gentrifying area, just across the river from the arts district & with NO rent control makes this property an ideal investment to increase rents yearly. Total monthly rents are $4,595. Property features (TWO) residential units and (TWO) commercial storefront units, parking for 7+ cars. Total of (FOUR LEGAL UNITS+ 1 storage unit permits unknown). 3 units are 100% occupied and current on rents with stable tenants. Renovations include new windows and one unit has been entirely renovated. Built in 1926 on a 6,567 square foot lot with a total of 2,515 of rentable square footage. Property includes (ONE) 1 bed+1bath unit (Section 8) and (ONE) 2bed+1bath unit & (ONE) Storefront commercial units one which is a coffee/sandwich shop that has an additional adjoining unit with a separate address & includes a full bathroom which can be rented for supplemental income. Other nearby amenities such as parks, grocery stores, and local eateries add to the desirability of this location for tenants. HUGE rental upside future potential with the soon to be completed with the 6th Street bridge in 2024. High traffic area minutes from the Arts District, DTLA!!!

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/129332548
Print Image

1054 N Townsend Ave Los Angeles, CA 90063

  • Price: $799,000
  • Status: ACTIVE
  • On Site: 68 Days
  • Updated: 185 min ago
  • ID#: 220013421
3
Beds
3
Baths
0
½ Baths
0.15
Acres
2,515
SQFT
$318
$/SQFT
1926
Built
Neighborhood:
City Terrace
County:
Los Angeles
Area:
Los Angeles (90063)
Property Description
1054 N Townsend is a mixed-use property in City Terrace which is a gentrifying area, just across the river from the arts district & with NO rent control makes this property an ideal investment to increase rents yearly. Total monthly rents are $4,595. Property features (TWO) residential units and (TWO) commercial storefront units, parking for 7+ cars. Total of (FOUR LEGAL UNITS+ 1 storage unit permits unknown). 3 units are 100% occupied and current on rents with stable tenants. Renovations include new windows and one unit has been entirely renovated. Built in 1926 on a 6,567 square foot lot with a total of 2,515 of rentable square footage. Property includes (ONE) 1 bed+1bath unit (Section 8) and (ONE) 2bed+1bath unit & (ONE) Storefront commercial units one which is a coffee/sandwich shop that has an additional adjoining unit with a separate address & includes a full bathroom which can be rented for supplemental income. Other nearby amenities such as parks, grocery stores, and local eateries add to the desirability of this location for tenants. HUGE rental upside future potential with the soon to be completed with the 6th Street bridge in 2024. High traffic area minutes from the Arts District, DTLA!!!
Exterior Features

Exterior Stucco Fencing Gate Pool N/K Roof Rolled/Hot Mop Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 1 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 2 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups No Units With Cooling 2 Units With Dishwashers 1 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 1

Property Features

Actual Cap Rate 6.4 Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 0 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Out Of Area Complex Park N/K Cross Streets City Terrace Dr Gross Rent Multiplier Actual 15.4 Gross Rent Multiplier Project 11.8 Gross Scheduled Income Actual 54600 Gross Scheduled Income Project 72000 Mandatory Remarks None Known Monthly Total Fees 0 Net Operating Income Projected 72000 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 8.4 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays WaterCable TvElectricityGas/Propane Terms CashConventional Unit Number For Unit1 1054 Unit Number For Unit2 1056 Unit Number For Unit3 1058 Unit1 Deposit 1200 Unit1 Occupied Tenant Unit1 Projected Rent 1750.0 Unit1 Rent Actual 1345.0 Unit2 Deposit 350 Unit2 Occupied Tenant Unit2 Projected Rent 2250.0 Unit2 Rent Actual 1450.0 Unit3 Deposit 2000 Unit3 Occupied Tenant Unit3 Projected Rent 2000 Unit3 Rent Actual 1800.0 Zoning Lcc2

San Diego MLS logo Listing provided courtesy of Pacific Sotheby's Int'l Realty. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220013421-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220013421-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_220013421-2.jpg
Logo
Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101