11137 Van Buren Ave, Los Angeles, CA 90044
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- MLS#: SB25058483 ( Quadruplex )
- Street Address: 11137 Van Buren Ave
- Viewed: 1
- Price: $1,150,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1921
- Bldg sqft: 0
- Days On Market: 16
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90044
- Provided by: Lyon Stahl Investment Real Estate, Inc.
- Contact: Evelyn Evelyn
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DescriptionSubject property is a 4,032 sq ft 4plex built in 1921 and situated on a spacious 9,001 SF lot. It is sold together with a 3plex on the adjacent lot at 11143 Van Buren Ave. This well maintained 7 unit portfolio consists of a 3 plex and a 4 plex, offering strong current income of $17,037/month and future development opportunities. This investment is Eligible for Both Residential & Commercial FinancingTotal Building Size: 6,468 sq. ft. | Total Lot Size: 17,713 sq. ft.Excellent Unit Mix of All 2 Bedroom, 1 Bathroom UnitsAll Section 8 Tenants Ensuring Reliable Rental Income Lot Zoned LC R320U* provides Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR Potential to Add Up to 7 ADUs (Buyer to Verify)Prime Location Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're an investor looking to expand your portfolio or seeking a cash flowing, high potential multi family property, this is a rare opportunity in a rapidly growing area of Los Angeles.
Property Location and Similar Properties
Features
Association Fee
- 0.00
Building Area Total
- 4032.00
Commoninterest
- None
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 10
Fireplace Features
- None
Garage Spaces
- 4.00
Gardner Expense
- 2400.00
Insurance Expense
- 4692.00
Laundry Features
- None
Levels
- Two
Lot Features
- 2-5 Units/Acre
Netoperatingincome
- 143226.00
Newtaxesexpense
- 26134.00
Parcel Number
- 6076019032
Parking Features
- Assigned
Pool Features
- None
Professionalmanagementexpense
- 10517.00
Property Type
- Quadruplex
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 434319955:CRM
Tenant Pays
- Electricity
- Gas
Totalexpenses
- 55085.00
Trash Expense
- 1620.00
Vacancyallowance
- 6133
Water Sewer Expense
- 5172.00
Water Source
- Public
Year Built
- 1921
Year Built Source
- Assessor