Price Reduction
Address
3940 Dobinson Street Los Angeles, CA
Price
$ 905,000
Property Attributes
  • MLS#PW20182577
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • Zip90063
  • Style
  • Price$ 905,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3154
  • Lot Size6,033 SqFt
Listing Provided Courtesy Of:
Thomas Luong with Superior Real Estate Group.
Property Description

Great investment! Bread and butter to investors. Rent is way below the market and has a lot of room to growth. Rent around neighborhood ($2100-$2300/mo. X 4=$8400-$9200/mo.) instead of ($4262/mo.). Great Location! Close to USC Medical Center, USC Health Science Campus, Citadel Shopping Mall Plaza, Cal State University LA, USC school. Easily access to 5/10/60 and 710 freeways. Added smoke detectors/ Carbon Monoxide Detectors and Earthquake heater strappers to all units after obtained. Very rare property at this moment, it has same track number with 2 Parcel Nos. [This existing triplex on 1st lot and the 2nd empty lot may be constructed another duplex (~2400 sqft each]. Buyer to Verify with City again, possible to separate to 2 different address: ask the Owner how. Fireplace: Gas, Heating: Gas, Permitted Triplex has (Unit #1) 2BR + 1BA rent $1490/mo. (recently remodeled). ( Unit # 2) 2BR + 1BA rent $950/mo. )(Unit # 3) 2BR + 1 BA rent $947/mo. (Unit #4) 2BR + 2BA rent $875/mo [without permit]. 1st 2 tenants are living 20+ yrs. and the¬¬ 3rd tenant is 10+ yrs. Total rent is $4262/mo. PRO FORMA CAP RATE IS: 9.3%-10.4%. 12 parking Spaces. Property Sold AS-IS.

Price History
9/3/2020 Listed $925,000
9/19/2020 2% - $915,000
10/21/2020 2% - $905,000

General Features

Attached Structure Detached
Co-Listing Agent Last Name Tracy
Co-Listing Agent Last Name La
Co-Listing Agent State License # 02004281
Co-listing Agent Tracy La - BRE#02004281
Community Features Hiking
Directions Dobinson st & N. Hazard Ave
Garage Spaces 0.00
Listagentaor Pacific West
Listing Agent Thomas Luong - BRE#01851108
Listing Agent State License 01851108
MLS Area 699 - Not Defined
Pool Features None
Price Per Square Foot 286.94
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 4
Zoning LCR2*

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features None
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 3154.00
Lot Features 0-1 Unit/Acre
Lot Size Acres 0.1385
Lot Size Area 6034.0000
Lot Size Source Assessor
Lot Size Square Feet 6034.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 2
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Total Parking 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90063

Price
AVG $760K
$910K
Visits
AVG 21
42
Year Built
AVG 1936
1917

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