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5414 Denker Ave

Los Angeles, CA 90062
  • $930,000
  • STATUS: Closed
  • ON SITE: 88 days
  • MLS #: 21-728418
Sold - 07/16/2021
$930,000
SOLD - 07/16/2021
  • 6
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,352
    SQFT
  • $395
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Description

Turn key cash flow. Current rents are 100% subsidized. 22% upside in rents makes this an incredible value add property. 7.5 CAP to start! Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the opportunity to achieve cash flow from day 1. One unit currently vacant and it has been remodeled. **2 bedroom can be delivered vacant**

Sold by Charles Mcmillan BRE# of Charles Mcmillan.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T23:42:39.983. 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.markwiseproperties.com/homes/116836967
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5414 Denker Ave Los Angeles, CA 90062

  • Price: $920,000
  • Status: Closed
  • Updated: 88 min ago
  • MLS #: 21-728418
6
Beds
0
Baths
0
½ Baths
0.13
Acres
2,352
SQFT
$395
$/SQFT
1923
Built
Neighborhood:
Los Angeles Southwest
County:
Los Angeles
Area:
Los Angeles Southwest
Property Description
Turn key cash flow. Current rents are 100% subsidized. 22% upside in rents makes this an incredible value add property. 7.5 CAP to start! Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the opportunity to achieve cash flow from day 1. One unit currently vacant and it has been remodeled. **2 bedroom can be delivered vacant**
Exterior Features

Lot Size Area 5726 Other Structures None Parking Garage None Style Bungalow Total Parking 0

Interior Features

Baths Total 5.00 Common Walls Attached Cooling None Equipment Ceiling FanRange/OvenRefrigerator Heating Wall Gas Water Heater Features GasWater Heater Unit

Property Features

Alley YN Yes Assessed Total Value 565950 Gross Income 91872 Gross Operating Income 91872 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 75625.00 Number Of Buildings 3 Number Of Units 5 Property Condition Fixer Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 16250 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lac1

Listing provided courtesy of William Creed DRE# of Clement Partners Real Estate.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-02T23:42:39.983. 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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Mark Wise | Bennion Deville Homes
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