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4048 Garden Avenue

Los Angeles (City), CA 90039
  • $1,995,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: PW24029470
UPDATED: 37 min ago
$1,995,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Ratings & Info

Listing Agent(s): Sean Ferdowsian of The Agent and Company (800-886-3080)


Description

PROPERTY WILL BE DELIVERED WITH TWO VACANT UNITS! Assumable mortgage rate at 2.275%... Looking for an income generating investment property that pays the mortgage for you? Look no further, this turnkey multi-unit complex is located in Los Feliz, near the Atwater Village area. This quadruplex will attract high quality tenants very fast! With Griffith Observatory, Adams Square and Glassel Park nearby this is a very sought after location. It is conveniently located around the corner from nearby restaurants, grocery stores, shops and the I-5 freeway. Perform the ultimate house hack by living in one unit and renting the other three out! Upgrades include but are not limited to, all four units having new copper plumbing, new water heater, bathrooms have been remodeled and all four units have updated flooring. Kitchens have new granite and quartz countertops. Great curb appeal with new exterior paint and artificial turf. Property includes a community laundry room downstairs with a commercial washer and dryer. This quadruplex offers the following: Unit 1: 3 bedrooms 2.5 bathrooms Unit 2: 1 bedroom 1 bathroom Unit 3&4: 2 bedrooms 2 bathrooms. Tenants currently pay for gas and electricity and owner pays for water and outside electricity. Do not disturb tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T15:33:09.81. 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 Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/147517805
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4048 Garden Avenue Los Angeles (City), CA 90039

  • Price: $1,995,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 37 min ago
  • ID#: PW24029470
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1971
Built
Neighborhood:
637 - Los Feliz
County:
Los Angeles
Area:
637 - Los Feliz
Property Description
PROPERTY WILL BE DELIVERED WITH TWO VACANT UNITS! Assumable mortgage rate at 2.275%... Looking for an income generating investment property that pays the mortgage for you? Look no further, this turnkey multi-unit complex is located in Los Feliz, near the Atwater Village area. This quadruplex will attract high quality tenants very fast! With Griffith Observatory, Adams Square and Glassel Park nearby this is a very sought after location. It is conveniently located around the corner from nearby restaurants, grocery stores, shops and the I-5 freeway. Perform the ultimate house hack by living in one unit and renting the other three out! Upgrades include but are not limited to, all four units having new copper plumbing, new water heater, bathrooms have been remodeled and all four units have updated flooring. Kitchens have new granite and quartz countertops. Great curb appeal with new exterior paint and artificial turf. Property includes a community laundry room downstairs with a commercial washer and dryer. This quadruplex offers the following: Unit 1: 3 bedrooms 2.5 bathrooms Unit 2: 1 bedroom 1 bathroom Unit 3&4: 2 bedrooms 2 bathrooms. Tenants currently pay for gas and electricity and owner pays for water and outside electricity. Do not disturb tenants.
Exterior Features

Architectural Style CustomSpanish Carport Spaces 2 Carport YN Yes Construction Materials AsphaltDrywallGlassConcrete Entry Level 1 Entry Location Front Fencing Wood Foundation Details Slab Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 4 Parking Features CarportDriveway Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof AsphaltFlatSpanish Tile Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Appliances Double OvenDishwasherGas OvenGas RangeWater HeaterDryerWasher Common Walls 1 Common Wall Cooling Central AirWall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Dog ParkHikingPark Contingency None Garage YN No Gross Income 120612 Gross Scheduled Income 120612 Insurance Expense 1300 Land Lease YN No Laundry Features Common AreaOutside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFHASubmit Net Operating Income 118812 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 1800 Property Condition Updated/Remodeled Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesElectricityGas Total Actual Rent 4316 Trash Expense 0 Water Sewer Expense 1200 Water Source Public Zoning LAR1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T15:33:09.81. 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 Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Sean Ferdowsian of The Agent and Company (800-886-3080)