Los Angeles, CA 90018 1753 W 35th Place

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  • MLS# SR21192198
  • 09/06/2021
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Presented By: Jahmall Ellis with Sotheby's International Realty - 818-451-8521
  • Beds • 6
  • Baths • 4
  • SQFT • 3,512
  • Year Built • 1928

Home Details

Opportunity Knocks! Attention Investors! Incredible updated Quadraplex in the heart of red-hot Jefferson Park. Short distance to Fwys, Downtown LA Staples center, and one of LA's Education Meccas, USC. Two Units have been partially remodeled & tastefully done with all of the amenities of a single family home. All 4 units have the ability to feature 2br+1bath layouts. There are currently 2 out of 4 that have been converted. The owner front units include combination Laminate hardwood & carpet flooring, central a/c, large kitchen with granite counter tops, SS appliances, new modern cabinets, and private laundry. The other two units are tenant occupied and awaiting the right investor to mimic the other two units with upgraded features as well. Each unit has its own HVAC, separately metered for water and gas, & tenants are responsible for paying all utilities except water. The large common area hosts many options for a bbq area, sitting area or retreat. Large rear carport and extended driveway is perfect for current layout or can possibly accommodate subterranean parking for an expansion of up to 8-10 units. When fully occupied, Total rents are a phenomenal $102,000 in yearly Gross Income at a 3.0% cap rate with two units currently under priced. No rent control allows a potential $115,200 Gross Income @ 4.5% cap at area average rents of $2800 per unit. Great investment w/upside potential. Only 15 minutes from new LA RAMS stadium, all major Freeways, Natural History Museum and Pico Union Arts Area. Perfect for 1031 exchange or investment safe harbor. This one is not to be missed!
Presented By: Jahmall Ellis with Sotheby's International Realty - 818-451-8521

Interior Features for 1753 W 35th Place

Other Interior Features

Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Laundry FeaturesElectric Dryer Hookup, Gas Dryer Hookup, Inside
Window FeaturesCasement Window(s), Double Pane Windows

General for 1753 W 35th Place

AccessibilityAccessible Doors
Additional Parcels Y/NNo
Appliances6 Burner Stove, Dishwasher, Disposal, Gas Oven, Refrigerator, Dryer
Architectural StyleMediterranean, Spanish
Association Y/NNo
Carport Spaces4
Carport Y/NYes
Community FeaturesStreet Lights, Urban
Construction MaterialsDrywall, Ducts Professionally Air-Sealed, Concrete
CoolingCentral Air, Wall/Window Unit(s)
Exterior FeaturesRain Gutters, TV Antenna
Garage Spaces0
Garage Y/NNo
HOA Fee$0
Land Lease Y/NNo
Listing AgentJahmall Ellis - BRE#01712283
Listing Agent State License01712283
Lot Size Square Feet6800
MLS AreaC34 - Los Angeles Southwest
Open Parking Spaces6
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
TermsCash, Cash to New Loan
Total Units4
ViewCity Lights
Water Sewer Expense1265

Exterior for 1753 W 35th Place

Door FeaturesPanel Doors
FencingAverage Condition, Wood
Foundation DetailsCombination, Slab
Lot Features2-5 Units/Acre, Sprinklers In Front, Paved, Sprinkler System, Walkstreet, Yard
Lot Size Acres0.16
Lot Size Area6800
Lot Size SourceAssessor
Lot Size UnitsSquare Feet
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters4
Parking FeaturesCarport, Detached Carport
Road Frontage TypeCity Street
Road Surface TypeAlley Paved
Total Parking10
View Y/NYes
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $1,525,000
List Date 09/06/2021
Property Type Income
Phone 310.658.1749
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