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$675,000
0
Beds
0
½ Baths
1949
Built

730 N Humphreys Avenue
Los Angeles, CA 90022

Los Angeles County
Multi-Family For Sale
Active – 2 weeks online

INVESTORS 12.25% RETURN! Both units have Sec 8 tenants, actual rents are $2500 and $2275, TOTAL RENTS $4775/mo or $57,300/yr. (Tenant sec deposit is $7145). Tenants pay a small portion of the rent plus Gas and Electric; 90% rent comes from the Fed Govt. Rents in South Central LA for 4-bed units are already $3000 per month, so there is HUGE UPSIDE here in East LA. ACTUAL monthly expenses are $32 for Trash, $40 for Gardner and $134 for Water (total $2472 per year). Add Insurance $635, est. Taxes $8500 and est Repairs $1000, for TOTAL ANNUAL EXPENSES of $12,600. NET INCOME $44,700. Mort pmt with 20% down, 5.25% interest is $2982/mo or $35,784 a year, leaving $8916 POSITIVE CASH FLOW. Add $7614 in Year 1 principal reduction – TOTAL $16,530 or 12.25% RETURN on down payment. Units were built in 1949/2009, and have tiles, granite, new windows/doors/flooring, W/D conxns and gated parking. Clean and well-managed in a desirable residential area. DON'T MISS THIS OPPORTUNITY!!

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Recent Activity
7 days agoListing updated with changes from the MLS
2 weeks agoListing first seen online
Listing Snapshot
Price
$675,000
Days Online
14 Days
Bedrooms
N/A
Bathrooms
N/A
Half Bathrooms
N/A
Inside Area (SqFt)
N/A
Lot Size
0.1205 Acres
Year Built
1949
MLS Number
18412050
Property Tax
N/A
HOA Fees
N/A
Sq Ft Source
N/A
General Features
Zoning
LCR2*
Listing Conditions
Standard
Interior Features
Cooling
None
Appliances
Refrigerator
Community Features
On-Site Laundry
Yes
Laundry Features
Gas Dryer Hookup
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of: Sam Sant 01224108 with Sanjiv Sant 01224108

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.
Data Last Updated on Sat Dec 15 2018 09:48:36
Neighborhood & Commute