6609 Menlo Avenue, Los Angeles, CA 90044
Property · 2 recorded sales since 2017
Sold December 2017
Listing Agent: Cajetan Alufuo (DRE #01492027) · Listing Office: Zenith Homes & Mortgage · Contact: 562-331-0345 · Bought with: Jack Harriman · Harriman Realty Group Inc · MLS #PW17222298 · Source: CRMLS
About this property
WE ARE SO EXCITED TO PRESENT THIS GOLDEN OPPORTUNITY TO OUR FHA BUYERS OUT THERE. OWNER-OCCUPIED & INVESTORS OPPORTUNITY GALORE. THIS IS A 4 PLEX- ALL DETACHED, ON A CORNER LOT. ALL THE UNITS HAVE DIFFERENT ADDRESSES AND HAVE SEPARATE YARDS. THERE IS UPSIDE POTENTIAL IN RENTS. LANDLORD IS IN THE PROCESS OF INCREASING THE RENTS BY 3% WITH PROJECTED CAP RATE OF %7.38 @ 5% VACANCY ALLOWANCE- WHICH IS UNLIKELY. SUBJECT IS IN A STABLE RENTAL MARKET. ALL THE UNITS HAVE JUST GONE COMPLETE RENOVATION, BOTH OUTSIDE AND SOME OF THE INTERIORS. ALL FINISHINGS WERE DONE TO TASTE AND CLASS. THE GARAGE DOORS WERE COMPLETELY CHANGED. NEW LAMINATE FLOORS, NEW WATER HEATER, NEW WALL HEATER. THERE IS A SECURED ENTRY WITH A WROUGHT IRON GATE ON ALL THE UNITS . THERE IS A LARGE BASEMENT FOR EXTRA STORAGE AND COIN LAUNDRY FOR EXTRA INCOME. THIS IS A RENT CONTROLLED AREA. SUBJECT PROPERTY STILL SHOWS IN "REAP STATUS," BUT IN THE PROCESS OF BEING CLOSED OUT. PLEASE DON'T WALK ON THE PROPERTY LINE. TENANTS ARE UNAWARE OF SALE. DRIVE BY ONLY. BUYERS & AGENT OF BUYERS ARE ENCOURAGED TO CARRY OUT DUE DILIGENCE REGARDING THE SUBJECT PROPERTY, INCLUDING ALL PERMITS, ZONING, VIOLATIONS, AND ALL IMPORTANT INFORMATION PERTAINING THE SUBJECT. LISTING AGENT & BROKER DO NOT GUARANTEE ANY INFORMATION REGARDING THE SUBJECT PROPERTY.
Listing description from the December 2017 sale, as reported to CRMLS.
Sale history
