2861 San Marino Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$1,799,000
2861 San Marino Street, Los Angeles, California 90006
0Bed
0Bath
4,640Sqft
6,752Lot
Year Built
1909
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$388
HOA
-
Days on market
-
Sold On
-
MLS number
PW24209419
Home ConditionFair
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $1.80M(75th), sqft - 4640(50th), beds - undefined(50th), baths - undefined(50th).
An absolutely perfect quadruplex property featuring 3 bedrooms and 1 bath in each unit, ideal for a long-term investment plan with a 5.93% cap rate. This is a great income property with minimal upkeep costs expected for years to come, making for easy management! One unit can be occupied by the owner or rented out for $3,000. Each units are spacious and come with a detached garage at the back. This opportunity won't last long! Request an Offering Memorandum for a detailed financial analysis. Call for more information.
Price History
Date
Event
Price
05/02/14
Sold
$900,000
06/17/13
Sold
$818,000
09/20/05
Sold
$1,090,000
03/05/03
Sold
$500,000
11/12/99
Sold
$350,000
Condition Rating
Fair
The property was built in 1909. The images show that the units are aged but maintained. The kitchens and bathrooms appear functional but outdated. While the property seems to be in a livable condition, it requires minor updates to meet current standards.
Pros & Cons
Pros
Income Potential: The property offers a strong 5.93% cap rate, making it an attractive long-term investment opportunity.
Low Maintenance: The property is advertised as having minimal upkeep costs, simplifying property management.
Flexible Occupancy: One unit can be owner-occupied or rented out, providing flexibility for the buyer.
Cons
Age of Property: Built in 1909, the property may require updates or renovations to meet modern standards.
Limited Information: Detailed financial analysis requires requesting an Offering Memorandum, potentially delaying the decision-making process.