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    707 Rosemont Avenue

    Los Angeles (City), CA 90026
    • $910,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 21678520
    Price Reduced
    UPDATED: 47 min ago
    $910,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,830
      SQFT
    • $497
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Great opportunity! This duplex is a fixer with a value-add opportunity to add 1 new unit and an ADU, 2 New ADUs or you can start over and build 3 new units! This CORNER lot duplex is located 4 blocks to Echo Lake and 4 blocks to Sunset Boulevard. It has 5,591 SF of LARD1.5-1VL land. Translation, you can have 3 units on property and build up to 3:1 FAR and 3 stories. The original units on property are in need of full cosmetic renovation including kitchens, baths, and floors. The roof was replaced 2 years ago, and a new sewer-line was installed last August. Tenants are long term tenants; seller will not relocate. Please do not disturb. Property is being sold as is where is. Interior photos of front unit available upon request. Visual inspection with offer to purchase, proof of funds, and financing pre-approval. Perfect for Owner-Occupy Investors, Investors, and builder / developers.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T08:24:53.98. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/113189866
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    707 Rosemont Avenue Los Angeles (City), CA 90026

    • Price: $910,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 21678520
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1,830
    SQFT
    $497
    $/SQFT
    1921
    Built
    Neighborhood:
    671 - Silver Lake
    County:
    Los Angeles
    Area:
    671 - Silver Lake
    Property Description
    Great opportunity! This duplex is a fixer with a value-add opportunity to add 1 new unit and an ADU, 2 New ADUs or you can start over and build 3 new units! This CORNER lot duplex is located 4 blocks to Echo Lake and 4 blocks to Sunset Boulevard. It has 5,591 SF of LARD1.5-1VL land. Translation, you can have 3 units on property and build up to 3:1 FAR and 3 stories. The original units on property are in need of full cosmetic renovation including kitchens, baths, and floors. The roof was replaced 2 years ago, and a new sewer-line was installed last August. Tenants are long term tenants; seller will not relocate. Please do not disturb. Property is being sold as is where is. Interior photos of front unit available upon request. Visual inspection with offer to purchase, proof of funds, and financing pre-approval. Perfect for Owner-Occupy Investors, Investors, and builder / developers.
    Exterior Features

    Architectural Style Traditional Carport Spaces 0.00 Construction Materials Stucco Direction Faces South Entry Location Ground Level W/Steps Garage Spaces 0.00 Lot Size Units Square Feet Parking Features Driveway Parking Total 0.00 Parking YN Yes Roof CompositionShingle View None View YN No

    Interior Features

    Appliances Refrigerator Appliances YN Yes Flooring Wood Heating Wall Furnace Heating YN Yes Levels Two

    Property Features

    Country Us Financial Info As Of 2021-01-11 00:00:00 Gross Income 57600.00 Gross Multiplier 16.50 Gross Operating Income 57600.00 Net Operating Income 44400.00 Property Condition FixerRepairs Cosmetic Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Tenant Pays ElectricityGasTrash CollectionWater Total Actual Rent 22560.00 Total Expenses 13200.00 Vacancy Allowance Rate 0.00 Zoning Lard1.5

    Listing provided courtesy of Dennis Maynard of Dennis Maynard


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T08:24:53.98. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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