203 N Benton Way

    Los Angeles (City), CA 90026
    • $1,180,000
    • STATUS: Active Under Contract
    • ON SITE: 28 days
    • ID#: OC19225318
    Under Contract
    UPDATED: 34 min ago
    $1,180,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,254
      SQFT
    • $277
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    Best Priced Residential Income Opportunity. This property has a tremendous potential located in this highly desirable area of Los Angeles near Downtown, Chinatown, and Echo Park. This area has seen a dramatic change in the last two years, demand for rentals have skyrocketed in the neighborhood. It consists of 1 two story Single Family Home with 4 bedrooms, 1 1/2 bath and a separate 4 plex units each has 1 bedroom and 1 bath on the same lot. Each unit has its own utility meter each unit pays own utilities except for water and sewer.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. 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 First Team Real Estate. Licensed in the State of California, USA.
    www.theashleycooperteam.com/homes/99228819

    203 N Benton Way Los Angeles (City), CA 90026

    • Price: $1,180,000
    • Status: Active Under Contract
    • Updated: 34 min ago
    • ID#: OC19225318
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,254
    SQFT
    $277
    $/SQFT
    1926
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    Best Priced Residential Income Opportunity. This property has a tremendous potential located in this highly desirable area of Los Angeles near Downtown, Chinatown, and Echo Park. This area has seen a dramatic change in the last two years, demand for rentals have skyrocketed in the neighborhood. It consists of 1 two story Single Family Home with 4 bedrooms, 1 1/2 bath and a separate 4 plex units each has 1 bedroom and 1 bath on the same lot. Each unit has its own utility meter each unit pays own utilities except for water and sewer.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/AcreCorner LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features Street Parking Total 0.00 Parking YN No Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Heating Wall Furnace Heating YN Yes Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 600.00 Gross Income 5865.00 Gross Scheduled Income 70380.00 Insurance Expense 1811.00 Land Lease YN No Laundry YN No Maintenance Expense 3600.00 Net Operating Income 44911.30 New Construction YN No New Taxes Expense 9223.90 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 25468.70 Pest Control Expense 1566.00 Professional Management Expense 4800.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTrash Collection Total Actual Rent 5865.00 Total Expenses 25468.70 Trash Expense 0.00 Water Sewer Expense 3878.80 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Dennis Sam of Coldwell Banker Res. Brokerage


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T17:36:34.683. 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 First Team Real Estate. Licensed in the State of California, USA.
     
    First Team Real Estate
    CA,