Skip To Content

136 E 118th Place

Los Angeles (City), CA 90061
  • $700,000
  • STATUS: Active
  • ON SITE: 49 Days
  • ID#: DW23147948
UPDATED: 27 min ago
$700,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Jovani Pina of Keller Williams Pacific Estates Cerritos (562-261-0900) and Andrew Munoz of ()


Description

Great investment property and opportunity for long term income seeking investors. Move in one unit and rent the other unit to pay for the mortgage! The property can also propose an ADU build out at the back of the property. The unit mix consists of two (2) 3 bedroom and 1 bath each unit, sharing a common wall. All single story, separately metered for gas and electricity, occupied by long term tenants on month to month leases which offers immediate upside in rental income. The property is nestled in the best residential neighborhood in Los Angeles with continued growth and developments. Their is ample parking for each unit, up to 7 parking spaces at the back of the property. The property is 100% tenant occupied. DO NOT DISTURB THE TENANTS, drive by only and submit an offer "subject to" interior inspection. Se habla Espaol.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T09:28:31.457. 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 deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142304296
Print Image

136 E 118th Place Los Angeles (City), CA 90061

  • Price: $700,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 27 min ago
  • ID#: DW23147948
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1924
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
Great investment property and opportunity for long term income seeking investors. Move in one unit and rent the other unit to pay for the mortgage! The property can also propose an ADU build out at the back of the property. The unit mix consists of two (2) 3 bedroom and 1 bath each unit, sharing a common wall. All single story, separately metered for gas and electricity, occupied by long term tenants on month to month leases which offers immediate upside in rental income. The property is nestled in the best residential neighborhood in Los Angeles with continued growth and developments. Their is ample parking for each unit, up to 7 parking spaces at the back of the property. The property is 100% tenant occupied. DO NOT DISTURB THE TENANTS, drive by only and submit an offer "subject to" interior inspection. Se habla Espaol.
Exterior Features

Carport Spaces 1 Carport YN Yes Entry Level 1 Entry Location North Lot Features Back YardRectangular Lot Number Of Separate Electric Meters 2 Open Parking Spaces 6 Parking Features CarportDriveway Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Current Financing Fha Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 34872 Gross Scheduled Income 34872 Insurance Expense 1200 Land Lease YN No Laundry Features InsideSee Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 31272 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 3600 Possession Close Of Escrow Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 2906 Trash Expense 600 Water Sewer Expense 1800 Water Source Public Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T09:28:31.457. 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 deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371784725-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371784725-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371784725-2.jpg
Logo
Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Jovani Pina of Keller Williams Pacific Estates Cerritos (562-261-0900) and Andrew Munoz of ()