626 East 54th Street
Description
This Apartment an 2-unit apartment building. Built in 1924 and nestled in the Los Angeles, , this property stands as one of the most attractive multifamily investments in the entire county, boasting a compelling Capitalization Rate (CAP rate) on current rental income. A rare opportunity to take advantage of positive leverage,
This apartment, each generously proportioned to function as complete Four-bedroom ½ bath units and Five bedroom one and ½ bath.EXECUTIVE SUMMARY
This Apartment an 2-unit apartment building. Built in 1924 and nestled in the Los Angeles, , this property stands as one of the most attractive multifamily investments in the entire county, boasting a compelling Capitalization Rate (CAP rate) on current rental income. A rare opportunity to take advantage of positive leverage,
This apartment, each generously proportioned to function as complete Four-bedroom ½ bath units and Five bedroom one and ½ bath.
- Listed by Mooney Lee • DRE #01731619 • Brokerage DRE #02208136 • Action Realty Task Holdings • 714-823-7171
Property Details for 626 East 54th Street
Property Details for 626 East 54th Street
| Status | Active |
|---|---|
| MLS # | PW24052353 |
| Days on Market | 245 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1924 |
| Lot Size | 0.11 AC / 4,772 SF |
| County | Los Angeles County |
Building Information for 626 East 54th Street
Property Information for 626 East 54th Street
- Tenant Pays: None
- Gross Income: $78,000
- Gross Scheduled Income: $78,000
- Vacancy Allowance: 1000
- Gross Operating Income: $77,000
- Net Operating Income: $45,692
- Other Income Description: 28000
- Operating Expense: $25,450
- Fuel Expense: $0
- Electric Expense: $10,800
- Insurance Expense: $3,000
- Trash Expense: $3,600
- Water Sewer Expense: $3,600
- Total Expenses: $21,000
- Tax Tract Number: 7
- Tax Census Tract: 2294.20
- CFD/Mello-Roos Fee: $370
- Tax Lot: 47
- Assessments YN: No
- Assessments: None
- Community Features: Park
- Laundry: No
- Laundry Features: None
- Fireplace Features: None
- Fireplace Rooms: None
- Entry Location: South
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 2
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: Concrete
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $3,000
- Unit Type Total Rent: $3,000
- Unit Type Pro Forma: 0
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 5
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $3,300
- Unit Type Total Rent: $3,300
- Unit Type Pro Forma: 6300
- Unit Type Type: 2
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 0
- Number Of Separate Gas Meters: 0
- Number Of Separate Water Meters: 0
Property History for 626 East 54th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 626 East 54th Street
Schools near 626 East 54th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Aurora Elementary School PublicK to 5 | ||
Los Angeles Academy Middle Public6 to 8 | ||
Nava College Preparatory Academy Public9 to 12 | ||
Thomas Jefferson Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Action Realty Task Holdings, Mooney Lee, DRE #01731619
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.