Address
1438 Rolland Curtis Place Los Angeles, CA
Price
$ 799,000
Property Attributes
- MLS#SB21059875
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaLos Angeles Southwest
- Zip90062
- Style
- Price$ 799,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Lot Size3,485 SqFt
Listing Provided Courtesy Of:
Derek Branch with Alden Pacific Investments, Inc..
Data Source:
CRMLS
Property Description
GREAT OPPORTUNITY TO BUY IN ONE OF LOS ANGELES HIGHEST IN DEMAND LOCATION! This property is priced to sell and will not last! Located only 1 mile from The University of Southern California (USC), The Natural History Museum, USC Village, the Figueroa corridor, Exposition Park, the Los Angeles Memorial Coliseum, the new and beautiful Banc of California Stadium home of the LAFC soccer team, the Lucas Museum of Narrative Art development valued at $1 billion. Centrally located a few minutes from Downtown LA. The building is only a short walk to the Metro E Line as well as the Exposition Blvd and Denker Ave bus stop. Therefore, cars are not necessary for the tenants to get around LA. The lot is zoned RD 2-1 and due to its proximity to public transit, the building is eligible for Tier 3 Transit-Oriented Community density bonuses. 1438 Rolland Curtis Place boasts an ideal unit mix of 3 | 2 Bed 1 Bath units & 1 | 1 Bed 1 Bath, each separately metered. All the tenants are current on rents throughout the year, with a rental increase due at the end of June. The building is situated on a bright and lush gated corner in the vibrant city of Los Angeles. With over 80% to market rental income, the building is ideal for a value investor to reposition. The building can support around a 500 Sqft detached ADU in the back lot for additional income, a comprehensive ADU analysis has been completed.
| Price History | |
|---|---|
| 3/23/2021 | Listed $799,000 |
General Features
| Community Features | Biking, Urban |
|---|---|
| MLS Area | C34 - Los Angeles Southwest |
| Pool Features | None |
| Property Attached Y/N | Yes |
| Property Type | Residential Income |
| Sewer | Sewer Tap Paid |
| Terms | Cash, 1031 Exchange |
| Total Units | 4 |
| Water Sewer Expense | 1000 |
Interior Features
| Common Walls | 2+ Common Walls |
|---|---|
| Laundry Features | None |
Exterior Features
| Lot Features | 0-1 Unit/Acre |
|---|---|
| Lot Size Acres | 0.08 |
| Lot Size Area | 3537 |
| Lot Size Square Feet | 3537 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 4 |
| Number of Separate Gas Meters | 4 |
| Number of Separate Water Meters | 1 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- 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 90062
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 12, 2021 4:00 AM UTC 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.
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