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$525,000 For Sale

1005 Tremont Street
East Los Angeles, CA 90033

2 units | Multi Family Home
5144 sq ft - MLS# DW18168522
Property Photo
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Description

This two-unit property, is perfect for the savviest of investors in East LA and rent controlled areas. This property offers the buyer the prospect to increase rents by 100%+ by relocating current tenants or over time. This a rare opportunity in Los Angeles, with potential great rental income. Duplex features 2 Bed and 1 bath each unit. Private patio/yard for each unit and a detached 2 car garage. Both units are in great condition, currently tenant occupied. Upside potential until tenants move out. Property is well priced due to low rents on both units. Near shopping areas, coffee shops, schools, Ramona Gardens Park, Henry Alvarez Memorial Park and Hazard Park. Perfect for investors.

Features

  • # of Parking Spaces: 4.00
  • Area: ELA - East Los Angeles
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 1632.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Curbs, Sidewalks, Street Lighting
  • Construction Materials: Plaster, Stucco
  • Country: US
  • Direction Faces: East
  • Directions: North of Wabash Ave, West of Evergreen Ave
  • Electric: Standard
  • Fence YN: Yes
  • Fencing: Chain Link
  • Fireplace: Living Room, Yes
  • Flooring: Carpet, Laminate
  • Foundation Details: Raised
  • Garage Spaces: 2.00
  • Gross Income: 4000.00
  • Gross Scheduled Income: 4000.00
  • Heating: Wall Heater
  • Heating YN: Yes
  • Insurance Expense: 800.00
  • Interior Features: Cathedral-Vaulted Ceilings
  • Listing Agent License: 01709871
  • Listing Office License: 01975669
  • Listing Status: Active
  • Lot Features: Back Yard, Corner Lot, Near Public Transit
  • Lot Size: 0.1181
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 3800.00
  • New Taxes Expense: 6900.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Operating Expense: 100.00
  • Parking Features: Driveway - Concrete, Garage - Front Entry, Garage - Two Door
  • Parking Spaces: 4.00
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Property Condition: Repairs Cosmetic
  • Property Type: Multi Family Home
  • Rent Control YN: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Window Bars
  • Stories: One
  • Style: Bungalow,Spanish
  • Sub Type: Multi Family Home
  • Total Actual Rent: 1722.61
  • Total Expenses: 7460.00
  • Trash Expense: 360.00
  • Uncovered Spaces: 2.00
  • Units: 2
  • Utilities: Cable Available, Phone Available, Sewer Connected, Water Connected
  • Water Sewer Expense: 400.00
  • Water Source: Public
  • Year Built: 1928
  • Year Built Source: Assessor
  • Zip Code: 90033
  • Zoning: LAR2
  • View: Neighborhood, Yes

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