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1037 S Redondo Boulevard

Los Angeles (City), CA 90019
  • $1,499,000
  • STATUS: Active Under Contract
  • ON SITE: 108 Days
  • MLS #: SR21216647
Under Contract
UPDATED: 8 min ago
$1,499,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Amber Dolle-Field of Keller Williams Vip Properties (661-290-3700)


Description

So many potentials with this great duplex located in Mid Wilshire, one of the most highly desirable areas in Los Angeles. Perfectly situated around some of the best shopping and restaurants as well as short drive to the 10 freeway for commutes. The upstairs unit is currently being vacated and will be delivered vacant. That unit has three bedrooms plus a sun room and one bathroom. The owner did some updates on the upper unit about 3 years ago. The lower unit has two bedrooms and one bath and some renovations were done just under two years ago. Drive through the porte-cochre to the 3 garages in back as well as a storage unit and extra space for parking. You could purchase and keep tenants or live in one unit and lease the other. There is potential for updating both units and bring in higher rent as well as the possibly for an ADU in the back over the garages. This property is also located in the HPOZ and is a contributing building so the new owner could apply for the Mills Act on the property as well. So many things the buyer/investor can choose to do.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T17:25:48.193. 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 ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/121914018
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1037 S Redondo Boulevard Los Angeles (City), CA 90019

  • Price: $1,499,000
  • Status: Active Under Contract
  • On Site: 108 Days
  • Updated: 8 min ago
  • MLS #: SR21216647
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1924
Built
Neighborhood:
C19 - Beverly Center-Miracle Mile
County:
Los Angeles
Area:
C19 - Beverly Center-Miracle Mile
Property Description
So many potentials with this great duplex located in Mid Wilshire, one of the most highly desirable areas in Los Angeles. Perfectly situated around some of the best shopping and restaurants as well as short drive to the 10 freeway for commutes. The upstairs unit is currently being vacated and will be delivered vacant. That unit has three bedrooms plus a sun room and one bathroom. The owner did some updates on the upper unit about 3 years ago. The lower unit has two bedrooms and one bath and some renovations were done just under two years ago. Drive through the porte-cochre to the 3 garages in back as well as a storage unit and extra space for parking. You could purchase and keep tenants or live in one unit and lease the other. There is potential for updating both units and bring in higher rent as well as the possibly for an ADU in the back over the garages. This property is also located in the HPOZ and is a contributing building so the new owner could apply for the Mills Act on the property as well. So many things the buyer/investor can choose to do.
Exterior Features

Lot Features Rectangular Lot Number Of Separate Electric Meters 2 Open Parking Spaces 2 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest Condominium Community Features CurbsStreet LightsSidewalks Electric Expense 5000 Exclusions Tenants' Personal Property Fuel Expense 602 Garage YN Yes Gross Income 69600 Gross Scheduled Income 69600 Insurance Expense 1654 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 54435 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 15165 Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Trash Expense 0 Water Sewer Expense 5830 Water Source Public Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T17:25:48.193. 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 ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Amber Dolle-Field of Keller Williams Vip Properties (661-290-3700)