3108 CHAUCER Street, Los Angeles, CA 90065

About this property

4 units in prime Location in Glassell Park. GSI = $69,000, GRM = 10.13, Cap Rate = 7.22%. Front Building: Unit #1 - VACANT - Completely remodeled 2BD+1BA. Newly designed kitchen. Updated bathroom. New windows, carpet and flooring. Private garage. FMV rent at $1600+/mo. Unit #2: Occupied 3BD+1BA. Private garage. Rented on year lease at $1500/mo. FMV rent at $1650+/mo. Rear Building: Unit #3 - VACANT - Completely remodeled 1BD+1BA. New kitchen. Updated bathroom. New windows and flooring. FMV rent at $1050+/mo. Unit #4: VACANT - Completely remodeled 1BD+1BA. New kitchen. Updated bathroom. New windows and flooring. FMV rent at $1050+/mo. Great views. Bonus Income: Studio/garage unit on ground floor of rear building. New carpet and windows. Separate entrance from alley. FMV rent at $500/mo. Washer/dryer area can be put on coin operation for extra $50/mo. Up-and-coming neighborhood. This area is the next Silver Lake or Highland Park. Easy commute to Downtown LA.

Listing description from the January 2015 sale, as reported to CRMLS.

Sale history

$705,000

Sold January 2015 · listed $699,000, on market September 2014 · MLS #14791631 · Source: CRMLS

Listing Agent: Andrew Watkins · Listing Office: Keller Williams Realty Pacific · Contact: 310-256-3038 · Bought with: Marcus McInerney · Adaptive Realty, Inc.

$380,000

Sold June 2014 · listed $469,000, orig. $495,000, on market December 2013 · MLS #PW13251752 · Source: CRMLS

Listing Agent: Miguel Rico · Listing Office: American Real Estate · Contact: 714-720-5434 · Bought with: Outside Area · Outside Area Listings

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