Los Angeles, CA 90031,1819 Workman St ST
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Los Angeles, CA 90031,1819 Workman St ST
Los Angeles, CA 90031,1819 Workman St ST
Los Angeles, CA 90031,1819 Workman St ST
Los Angeles, CA 90031,1819 Workman St ST
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$ 1,139,000
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1819 Workman St ST Los Angeles, CA 90031

7,499 SqFt


UPDATED:

09/30/2024 06:44 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,499 sqft

Price per Sqft $151

MLS Listing ID CV24099913

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1887

Lot Size 7,501 Sqft

Property Description

GREAT INVESTMENT OPPORTUNITY! Property with a lot of potential. Rental income will pay itself off. First time on market since 40 years ago.
This income property is located at less than a mile from LAC+USC Medical Center and only 10 minutes form Downtown LA and Chinatown.
This neighborhood has gone through gentrification; completely surrounded by newly constructed houses and income units.
Great family neighborhood near schools, churches and freeway access with high demand from renters. Near bus stops.
CAP RATE 5.15 %
This income property consists of 6 units, of which two units are facing the street and one of them has 3 bedrooms and 1 bath, perfect for a big family.
There is a small house in the immediate back that is rented as a one bedroom/one bath apartment with adjacent storage shed plus 3 back units with 3 one car garages in the very rear.
This property has a new roof, new plumbing, and the two front units have been remodeled 4 years ago and freshly painted last year.

This is a 1031 Exchange.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Zoning LAR3

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Natural Gas

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Water Heater

Laundry None

Exterior

Garage Assigned

Garage Spaces 3.0

Garage Description 3.0

Fence Average Condition

Pool None

Community Features Curbs, Street Lights, Urban

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Roof Type Composition

Accessibility Parking

Parking Type Assigned

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Rectangular Lot

Story 2

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Traditional

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5210005020

Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Window Bars

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Martin Gavilanes • MARTIN G. GAVILANES, BROKER • 626-695-7186

Amy Saflar

Broker Associate | License ID: 01238780

+1(619) 991-9291

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1819 Workman St ST