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3509 Kinney St

Los Angeles, CA 90065
  • $1,275,000
  • STATUS: Active Under Contract
  • ON SITE: 15 Days
  • ID#: 22-115455
Under Contract
UPDATED: 16 min ago
$1,275,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,116
    SQFT
  • $409
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Description

We are pleased to present for sale this rare 4 unit mid-century construction building in one of LA's most up and coming neighborhoods - Glassell Park! The property is composed of an excellent unit mix of (2) 2 Bedroom & 1 Bathroom Units and (2) 1 Bedroom & 1 Bathroom Units and boasts a total square footage of 3,116 Square Feet, a lot size of 6,001 Square Feet, zoned R1-1 and provides on-site laundry accessible to all tenants! 2 of the 4 units have been recently renovated and achieving strong rental rates, while the over-all investments offers an upside potential of 75% OR more with the addition of ADU's - Buyer to Verify feasibility. This opportunity appeals to investors looking to achieve strong current rents with significant upside potential and returns. Additional income is provided by on-site garage, laundry, and storage spaces. The property has a walk score of (72) making it very walkable where most errands can be accomplished on foot. 3509 Kinney is nestled in a residential neighborhood, allowing for above-market rents, and is minutes to DTLA, Glendale, Atwater Village, Silver Lake, Echo Park, Eagle Rock, and Pasadena. With the ease of the residential 30 year fixed financing, low-interest rates, a supply-constrained apartment market in Glassell Park, this 4 unit gem will not last. Drive-by Only - Email for Offering Memorandum. Please Do Not Disturb Tenants.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T11:42:39.82. 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.
www.bringingyouhomescv.com/homes/124438971
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3509 Kinney St Los Angeles, CA 90065

  • Price: $1,275,000
  • Status: Active Under Contract
  • On Site: 15 Days
  • Updated: 16 min ago
  • ID#: 22-115455
6
Beds
0
Baths
0
½ Baths
0.14
Acres
3,116
SQFT
$409
$/SQFT
1954
Built
Neighborhood:
Glassell Park
County:
Los Angeles
Area:
Glassell Park
Property Description
We are pleased to present for sale this rare 4 unit mid-century construction building in one of LA's most up and coming neighborhoods - Glassell Park! The property is composed of an excellent unit mix of (2) 2 Bedroom & 1 Bathroom Units and (2) 1 Bedroom & 1 Bathroom Units and boasts a total square footage of 3,116 Square Feet, a lot size of 6,001 Square Feet, zoned R1-1 and provides on-site laundry accessible to all tenants! 2 of the 4 units have been recently renovated and achieving strong rental rates, while the over-all investments offers an upside potential of 75% OR more with the addition of ADU's - Buyer to Verify feasibility. This opportunity appeals to investors looking to achieve strong current rents with significant upside potential and returns. Additional income is provided by on-site garage, laundry, and storage spaces. The property has a walk score of (72) making it very walkable where most errands can be accomplished on foot. 3509 Kinney is nestled in a residential neighborhood, allowing for above-market rents, and is minutes to DTLA, Glendale, Atwater Village, Silver Lake, Echo Park, Eagle Rock, and Pasadena. With the ease of the residential 30 year fixed financing, low-interest rates, a supply-constrained apartment market in Glassell Park, this 4 unit gem will not last. Drive-by Only - Email for Offering Memorandum. Please Do Not Disturb Tenants.
Exterior Features

Lot Size Area 6001 Other Structures Other Parking Garage Assigned Total Parking 0

Interior Features

Baths Total 4.00 Cooling Window Unit(S) Equipment RefrigeratorDryerOtherRange/OvenGarbage DisposalMicrowaveWasher Heating Wall Laundry Laundry Area

Property Features

Assessed Total Value 1024898 Gross Income 77395 Gross Operating Income 76621 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 48223.00 Number Of Buildings 1 Number Of Units 4 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 28398 Type Of Units Investment Water Heaters YN Yes Year Built Source Assessor Zoning Lar1

Listing provided courtesy of Eric Dilanian DRE#01951699 of Remax Commercial And Investment Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T11:42:39.82. 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.
 
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Montemayor & Associates | RE/MAX of Santa Clarita
25129 The Old Road, Suite 114
Stevenson Ranch CA, 91381