$745,000
10352 Anzac Ave, Los Angeles, CA 90002
Current Rent **
$3,675
Projected Rent **
$7,700
Unit 1 Details
- Current Rent: $3,675
- Bedroom: 5+ bd
- Bathroom: 3 ba
- Square Footage: 0 sqft
- Occupied: Yes
- Needs Repairs: Yes
- Off MLS: Yes
Unit 2 Details
- Current Rent:
- Bedroom: 1 bd
- Bathroom: 1 ba
- Square Footage: 0 sqft
- Occupied: No
- Needs Repairs: No
- Off MLS: Yes
Watts Multi-Family Home For Sale
Currently, off-market non-confirming 3-unit property in Los Angeles (Watts) may soon hit the market. Permitted SFH + ADU. Needing at least 35% down if you want seller finance terms below. Good relationship with tenants, and I believe they would consider being bought out to move for a few thousand. If the numbers work for you, please let me know, and we can discuss setting up a viewing and further details.
Sale Price $745,000
Property valued at $740,000-$760,000
Terms 4% interest rate over 30 years & down payment (35%) $260k
Estimated P&I $2,312
Property tax rate 1.4% (estimated monthly $869.16)
Estimated P&I, taxes = $3181.16
Current rent is $3675
Market rent $7700
Unit 1 - 3 bedrooms, 1 full bath, 1 half bath, tenant occupied
Unit 2- 3 bedrooms, 1 full bath, 1 half bath, tenant occupied
Unit 3- 1 bedroom, 1 full bath, vacant, brand new
Pros:
-Vacant unit rent for $1700
-Vacant unit CofO was just issued this month.. a brand new construction ADU.
-Vacant unit electric and gas are separate and sub-meter for water.
-Tenants are caught up with rent and utilities
-Current rent covers P&I, property taxes, and insurance with the owner's finance terms.
-Designated opportunity zone
-20 mins to Los Angeles Airport
-Main home exterior in A- condition
-All toilets are only 6 months old
-Roof was redone 3 years ago.
-With accepted offers, will provide access to both occupied units and vacant units.
-Will provide access to one unit and a vacant unit for viewing.
-Original building plans available for property and ADU.
-Personal opinion, but a matter of time before Los Angeles flexes zoning and is allowed to rezone as duplex + ADU.
Cons:
-SFH is rented as a duplex.
-Utilities under the owner's name and split/paid for by tenants.
-Seller pays closing cost
-Main home interior in C- condition. Will need kitchen cabinets replaced in 1 year.
Location:
10352 Anzac Ave, Los Angeles, CA 90002
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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