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3309 Ellsworth Street

Los Angeles (City), CA 90026
  • $1,999,000
  • STATUS: Pending
  • ON SITE: 77 Days
  • ID#: SB24048093
Pending
$1,999,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Kikuo Takahashi of Kasumi Realty, Inc. (310-532-7777)


Description

**Best LOCATION for Investment. Property is on the NW corner of Ellsworth St. & Robinson St. **This Silver Lake neighborhood has begun an early, entry-level phase of gentrification (currently Target & CVS opened several blocks away), providing real estate-savvy investors with a potential excellent short-term or long-term upside investment opportunity. Prime corner lot location in a quiet residential Silver Lake neighborhood with relaxed traffic flow and uncongested streets, creating a comfortable an desirable living environment. Six units in two buildings " 6,928 sf with huge 9,920 sf lot. One building has (2) three bedroom, two bath units. Second building has (2) two bedroom, one bath units and (2) one bedroom, one bath units. *Significant upside rent potential. Buyer can purchase this property for income/investment. You can renew the current six units too.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-26T00:37:59.79. 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 Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
www.pushpa4homes.com/homes/148430737
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3309 Ellsworth Street Los Angeles (City), CA 90026

  • Price: $1,999,000
  • Status: Pending
  • On Site: 77 Days
  • ID#: SB24048093
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1929
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
**Best LOCATION for Investment. Property is on the NW corner of Ellsworth St. & Robinson St. **This Silver Lake neighborhood has begun an early, entry-level phase of gentrification (currently Target & CVS opened several blocks away), providing real estate-savvy investors with a potential excellent short-term or long-term upside investment opportunity. Prime corner lot location in a quiet residential Silver Lake neighborhood with relaxed traffic flow and uncongested streets, creating a comfortable an desirable living environment. Six units in two buildings " 6,928 sf with huge 9,920 sf lot. One building has (2) three bedroom, two bath units. Second building has (2) two bedroom, one bath units and (2) one bedroom, one bath units. *Significant upside rent potential. Buyer can purchase this property for income/investment. You can renew the current six units too.
Exterior Features

Entry Level 1 Entry Location Front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 6 Open Parking Spaces 8 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DryerWasher Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Curbs Contingency Property is sold with "As is". "No creditno repairno replacement & no warranty". Electric Expense 2290 Fuel Expense 857 Garage YN No Gross Income 112128 Gross Scheduled Income 112128 Insurance Expense 7005 Land Lease YN No Laundry Features Common AreaLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Limited Service Listing Terms CashCash to New LoanConventional Net Operating Income 93848 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 6 Operating Expense 18280 Pest Control Expense 828 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 700 Water Sewer Expense 1800 Water Source Public Zoning LARD2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-26T00:37:59.79. 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 Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
 
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Pushpa Nagaraj Team | Compass
680 E. Colorado Blvd, Suite 400
Pasadena CA, 91101
Listing Agent(s): Kikuo Takahashi of Kasumi Realty, Inc. (310-532-7777)