1031 S Ditman Avenue, East Los Angeles, CA 90023
- $990,000
- Sold Price
- $990,000
- List Price
- $979,000
- Closing Date
- Oct 06, 2023
- Status
- CLOSED
- MLS#
- DW23157189
- Year Built
- 1940
- Lot Size
- 6,484
- Acres
- 0.15
- Lot Location
- 2-5 Units/Acre, Front Yard, Lawn, Landscaped, Near Park, Paved, Yard
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
Property Description
Close to a 7% cap rate!! This is a DREAM property for an investor or occupant owner. The property has been managed & maintained by professional property management for the last 5 years. There are 3 DETACHED units on the property. Unit 1 is a 4/2. Unit 2 is a 2/1. Unit 3 is a 2/1. There is a 2 room storage unit on the property being used by the residents that could potentially be transformed into an ADU. Rents are all close to market. All tenant ledgers are available upon request. Estoppels can be signed by each resident as well. Unit 3 was completely renovated down to the studs in 2019. Roofs were redone in 2019. The lot size is at almost 6,500 sq ft. There is a long driveway capable of parking 6+ cars with plenty of open street parking at all times. Nearby attractions include Mariachi Plaza, LAC Hospital, USC Medical, Cal State LA, and the Metro Gold Line. In just minutes you can reach Downtown Los Angeles, Dodger Stadium, and Crypto Arena. The property also offers easy access to major freeways such as the 5, 60, 10, 710, and 110. If interested after the sale, discounted professional property management services are available for 6 months with current manager.
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Additional Information
- Appliances
- Gas Oven, Gas Range, Refrigerator, Water Heater
- Pool Description
- None
- Heat
- Natural Gas
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- Neighborhood
- Roof
- Common Roof
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Granite Counters, Laminate Counters, All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $86,424
- Operating Expense
- 16954
Listing courtesy of Listing Agent: Ryan Smagacz (ryan.smagacz@joinreal.com) from Listing Office: Real Broker.
Listing sold by Alan Tran from KW Executive
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.