2615 Somerset Drive Los Angeles, CA ^$ 1,299,000

2615 Somerset Drive

^$ 1,299,000

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2615 Somerset Drive

Los Angeles, CA, 90016

^$ 1,299,000

Studio Baths0.0 Sq 2,083

Monthly Estimate*

^$ 9,074

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,299,000. This 2,083 square foot home was built in 1927 on a lot size of 0.14.

Somerset Bungalows is a well maintained 4 plex located in trendy West Adams. There are two 2 unit detached buildings. Each unit is 1 bed 1 bath. Total rents is $7432/mo or $89,184/year. In the front building, unit 1 rent is $1872/mo, unit 2 is $1760/mo. In the back building, unit 3 rent is $1900/mo, unit 4 is $1900/mo. Unit 4 has given notice to vacate and will be vacant by mid May. Proforma rents indicate $2050/mo for each unit or $98,400/year. The garage is prime for an ADU conversion with easy access from the alley. Buyer to confirm. Yard has been zero-scaped for low water usage. Owner only pays for water, gardener, and sewer. Laundry on site. Owner has made many improvements.

Multi-Family Contingent

Price

^$ 1,299,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.14

Year Built

1927

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024379993

Features

General

Heating Wall Furnace

Zoning LARD1.5

Year Built 1927

Tenant Pays Trash Collection Gas

Levels One

County Los Angeles

Net Operating Income 73611.0

New Construction No

Property Type C

HOA / Comm Assn No

Contingency Active Under Contract

Status Active Under Contract

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area C16 - Mid Los Angeles

Lot Size Square Feet 6285.0

Street Name Somerset

Standard Status Active Under Contract

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Refrigerator Microwave

Total Stories 1

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Drive

Total Baths 0

Exterior

Parking Features Garage - Two Door Garage - Three Door

Lot Size Area 6285.0

Foundation Details None

Building Area Total 2083.0

Lot Size Acres 0.14

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Aram Gaboudian

Listing Agent

Keller Williams Downtown La

Broker

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$9,074

Per Month

Monthly Principal & Interest: $9,074
Monthly Property Taxes: --
Monthly Home Insurance: --

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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.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,033,241

Percent of Sale Price 57%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/15/2024	$1,299,000		Listed Price

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2615 Somerset Drive, Los Angeles, CA, 90016 is a Multi-Family Home for sale at $1,299,000 with 2,083 sqft and a lot size of 0.14. 2615 Somerset Drive is a studio with 0.0 baths and was built in 1927. The property's zip code is 90016 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/30/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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2615 Somerset Drive

Multi-Family Home for sale in Los Angeles, CA

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