3962 Brighton AVE Los Angeles, CA 90062
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25248496
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1970
Lot Size 4,804 Sqft
Property Sub-Type Quadruplex
Property Description
This is a well maintained 4-plex in West Adams District. Front unit is the larger original house, the other 3 units were added to the back around 1970 with permits. Rents are below market on two of the units and Drastically below on 1 other. All tenants are on month-to-month rental agreements. (See Unit details below). This property features individual electric and gas meters AND tenants are billed for Water and Trash usage. Property is conveniently located near transportation, shopping, downtown and USC. Could make a great student housing. 1 unit may be vacant upon sale. Unit 2 is completely remodeled including electrical, walls, floors, windows, bathroom and complete kitchen.
This is a great Investment opportunity with long term stable tenants and great upside potential. Unit 1 can be up to $3000 and other units can be up to $2,400 or so which makes this sales price a deal for you. This building is on a nice quiet and safe block with wide streets. Off street assigned parking and storage closet is included. Don't miss out on this opportunity. Call listing agent for more information.
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Unit 1 Information -
Actual Rent: $506,
Potential rent $3,200,
# of Baths Full: 1,
Total # of Bedrooms: 2-3,
Condition: Moderate,
Furnished: Unfurnished
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Unit 2 Information -
Actual Rent: $2,400,
# of Baths Full: 1,
Total # of Bedrooms: 2,
Condition: Excellent,
Furnished: Unfurnished
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Unit 3 Information -
Actual Rent: $1,683,
Potential rent $2,400,
# of Baths Full: 1,
Total # of Bedrooms: 2,
Condition: Good,
Furnished: Unfurnished
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Unit 4 Information -
Actual Rent: $1,530,
NOW VACANT
Potential rent $2,400,
# of Bathrooms Full: 1,
Total # of Beds: 2,
Condition: Good,
Furnished: Unfurnished
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Building Expenses -
Trash: $0 (Tenant paid),
Maintenance: $1,500,
Licenses: $427,
Insurance: $3,000,
Water Sewer: $0 (Tenants paid),
Gardener: $1,800
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Net Operating Income: $63,813
Total Building Area: 2,998
Gross Scheduled Income: $
Gross Operating Income: $71,040
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 4
# Of Separate Electric Meters: 4
# Of Buildings: 2
Vacancy Allowance Rate: 3
Vacancy Allowance: 1217
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Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Assigned
Carport Spaces 3
Fence None
Pool None
Community Features Curbs
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected
View Y/N No
View None
Roof Type Asbestos Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre, Front Yard, Sprinklers In Front, Near Public Transit
Story 2
Foundation See Remarks
Sewer Public Sewer
Water Public
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 5036016019
Acceptable Financing Cash to New Loan, Submit
Listing Terms Cash to New Loan, Submit
Special Listing Condition Standard, No Smoking
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