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Buy a multi-family propertyat 4432 Wesley Avenue, Los Angeles, CA 90037

$2,399,900

$0/mo

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Multifamily

7,830 Sq. Ft. lot

0 Bathrooms

283 Days on market

DW23137131 MLS ID

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About 4432 Wesley Avenue multi-family property

Great Investment Opportunity......fantastic income producing property. This well kept low maintenance 8 Unit apartment building consisting of Six 2 bedrooms 1 bath and Two 1 bedroom 1 bath units. All remodeled extensively around seven years ago, newer electrical, plumbing, interior and exterior, newer kitchens, bathrooms, tile, carpet, laminate flooring throughout, and much more. The roof on both buildings was replaced 4 years ago and foundation reinforced. All units have their own water shut off valve and seven of the eight water heaters have been replaced. Rents are currently below market value, allowing upside in rental income for a new buyer with these long term tenants. There is 4 units facing Wesley Ave and the other 4 units facing Hoover St. All separate electrical and gas meters. Property is approximately less than 1 mile away from the LA Memorial Coliseum, conveniently located to shopping, restaurants, freeways and public transportation. A must see!!!
Great Investment Opportunity......fantastic income producing property. This well kept low maintenance 8 Unit apartment building consisting of Six 2 bedrooms 1 bath and Two 1 bedroom 1 bath units. All remodeled extensively around seven years ago, newer electrical, plumbing, interior and exterior, newer kitchens, bathrooms, tile, carpet, laminate flooring throughout, and much more. The roof on both buildings was replaced 4 years ago and foundation reinforced. All units have their own water shut off valve and seven of the eight water heaters have been replaced. Rents are currently below market value, allowing upside in rental income for a new buyer with these long term tenants. There is 4 units facing Wesley Ave and the other 4 units facing Hoover St. All separate electrical and gas meters. Property is approximately less than 1 mile away from the LA Memorial Coliseum, conveniently located to shopping, restaurants, freeways and public transportation. A must see!!!

Property details

Building

2 total stories

Built in 1912

Stories: 2

8732 total building sqft

2+ Common Walls

Two

Community

Biking

Street Lights

Sidewalks

Cooling

Wall/Window Unit(s)

Expenses

Water Sewer Expense: $2,500

Fence

Security

Wrought Iron

Fireplaces

Master Bedroom

Floors

Carpet

Tile

Foundation

Raised

Heating

Wall Furnace

Income

Gross Income: 136752

Gross Scheduled Income: 136752

Net Operating Income: 136752

Laundry

In Kitchen

Listing

Listing ID: DW23137131

Property Subtype: Apartment

First day on market

Listed on 2023-07-25

Rent controlled

Location

County: Los Angeles

Lot

7830 sqft

0.1798 acres

Area: 7830

Front Yard

Possession

Close Plus 3 Days

Property

2 buildings

8 units

Property attached

Repairs Cosmetic

Updated/Remodeled

Neighborhood

Roof

Shingle

Sewer

Public Sewer

Tenant Pays

Cable TV

Electricity

Gas

Utilities

8 separate electric meters

8 separate gas meters

Monthly cost

Estimated monthly cost

$15,293/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$2,255,906

+$71,997

$2,327,903

Seller agent commission$71,997 (3%)*

$0 (0%)

Buyer agent commission$71,997 (3%)*

$71,997 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $71,997 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: May 4, 2024 at 7:36 a.m.

Data updated: Jul 26, 2023 at 8:05 p.m.

Property listed by Pak Home Realty, Jose Leon
Based on information from California Regional Multiple Listing Service, Inc. as of 07/26/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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