5869 Dauphin Avenue
Los Angeles, CA, 90034 $ 1,599,000
Baths0.0 Sq 3,244 Monthly Estimate*
$ 11,169
Studio
for $1,599,000. This 3,244 square foot home was built in 1965 on a lot size of 0.09.
Legal 4-plex close to Culver City, West Adams, Cumulus District, Hayden Tract and the soon-to-open Habitat development. Gross Scheduled Income: $105,664. Annual Expenses: $27,766. Net Operating Income: $77,899. GRM: 15.13. Cap Rate: 4.87%. Front unit is a townhouse style 3BD/2BA with other attractive unit mix of 3BD/2BA, 2BD/1BA, and 1BD/1BA. Two units have been remodeled. This property has been well maintained throughout the years with regular maintenance and several updates. Seller invested over $40,000 in improvements. Two units have been fully remodeled with new interior paint & new floors throughout, HVAC, updated plumbing, new full kitchen with appliances, new bathrooms and more. On-site laundry available for extra income. Low expenses. Quiet location on a cul-de-sac. Strong rental location. This area is undergoing an enormous transformation with the construction of new apartment buildings and the opening of creative office space for many tech companies such as HBO, Amazon, Apple, and more. Walk to new restaurants and galleries on West Adams such as Tartine, Normandie Bakery, Farmhouse kitchen, Alta, Mizlala, Adams Wine Shop and Cento and Whole Foods. Bike to trendy Culver City downtown, Boneyard Dog Park, Farmers Market, the LA Fitness and Equinox Gym. Easy commute to DTLA, Beverly Hills, Santa Monica and LAX. Seller paid $1,600,000 in 2022 and is selling due to change in life circumstances. Seller has assumable loan at 5.375%, balance $1.17m, and maturity date 05/2052 (Buyer to download form under Docs section). This is an excellent opportunity to acquire an investment property with strong income and future upside in rents and the neighborhood. A great starter property to launch your income portfolio. SELLER MOTIVATED-ALL OFFERS WILL BE ENTERTAINED!
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FeaturesGeneralSewer Sewer Paid
Heating Wall Furnace
Zoning LARD1.5
Architectural Style Traditional
Year Built 1965
Levels Multi/Split
County Los Angeles
Net Operating Income 77899.0
New Construction No
Property Type C
HOA / Comm Assn No
Facing Direction West
Status Active
City Los Angeles
Buyer Agent Compensation 2.50
View Y/N No
Senior Community Y/N No
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 4004.0
Street Name Dauphin
Land Lease Y/N No
Virtual Tour https://855reelpix.com/5869-Dauphin-Ave/idx
Structure Type None
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type %
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InteriorFlooring Carpet
Kitchen Appliances Disposal Refrigerator Microwave
Total Stories 2
Heating Y/N Yes
Street Suffix Avenue
Laundry Features Community
Total Baths 0
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ExteriorParking Features Assigned Driveway
Water Source None Public
Lot Size Area 4004.0
Spa No
Pool Y/N? No
Building Area Total 3244.0
Lot Size Acres 0.09
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded FeaturesList ByAndrew WatkinsListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $11,169
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,002,074
Percent of Sale Price 25%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/14/2024 | $1,599,000 | | Listed Price |