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    5353 E Oakland

    Los Angeles, CA 90032
    • $995,000
    • STATUS: ACTIVE
    • ON SITE: 35 days
    • ID#: 210008813
    Price Reduced
    $995,000
    • 9
      BEDS
    • 0.17
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Permits issued to Build this Developers' Dream! Rare opportunity to purchase an income-producing property including: Existing 2-bed 1-bath, 985 sqft house & Front Yard. Permitted to build 4 three-story units in the back. Owner will carry financing. Once completed, this will be a 5-unit income-producing property. It is situated in growing areas of the West side of City of Alhambra & Monterey Park, South Pasadena, and East of Downtown Los Angeles. It is minutes from Freeway 10, Cesar Chavez, and all saints elementary school. Contact the listing agent to request Plans and drawings.

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    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/115811760
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    5353 E Oakland Los Angeles, CA 90032

    • Price: $995,000
    • Status: ACTIVE
    • ID#: 210008813
    9
    Beds
    6
    Baths
    0
    ½ Baths
    0.17
    Acres
    Neighborhood:
    Los Angeles (90032)
    County:
    Los Angeles
    Area:
    Los Angeles (90032)
    Property Description
    Permits issued to Build this Developers' Dream! Rare opportunity to purchase an income-producing property including: Existing 2-bed 1-bath, 985 sqft house & Front Yard. Permitted to build 4 three-story units in the back. Owner will carry financing. Once completed, this will be a 5-unit income-producing property. It is situated in growing areas of the West side of City of Alhambra & Monterey Park, South Pasadena, and East of Downtown Los Angeles. It is minutes from Freeway 10, Cesar Chavez, and all saints elementary school. Contact the listing agent to request Plans and drawings.
    Exterior Features

    Parking Spaces Total 7 Units With Garages 5

    Interior Features

    Sq Ft Of Improvement 5761

    Property Features

    Actual Cap Rate 6.2 Actual Gross Scheduled Income 158400.0 Actual Operating Expense 37900 Assumable Finance 0 Buildings 2 Gross Equity 41400 Gross Multiplier 12.3 Have Permit Ready Mandatory Remarks None Known Monthly Rent Total 158400 Motive Want Permit Ready To Build Projected Cap Rate 6.2 Projected Gross Multiplier 12.3 Projected Gross Operating Inc 158400 Projected Gross Scheduled Inc 158400 Projected Net Income 120500 Projected Operating Expense 37900 Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Rent Total1 38400 Unit Rent Total2 33600 Unit Rent Total3 27600 Unit Rent Total4 27600 Unit Rent Total5 31200 Unit Rent1 3200 Unit Rent2 2800 Unit Rent3 2300 Unit Rent4 2300 Unit Rent5 2600 Zoning Rd1.5-1

    Listing provided courtesy of New Real Estate Market. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101