Incredible opportunity to purchase pride of ownership 12 Unit from original builder/owner who is retiring. Large Double Lot 2x50x149. ALL units are townhome style (up and down) and in the case of the largest two units include a basement floor! Units are huge, 1BRs are app. 800 sq ft, 2BRs are either app. 1600 or 2400. Very easy to rent! Building has 18 subterranean spots and an interior courtyard. Most units have deck or balcony. Each unit has a DISHWASHER. Owner's units have have sperate washer/dryer. Possible once in a lifetime purchase. RENTS are low and two biggest units are OWNER OCCUPPIED, so show NO INCOME. Please also calculate financials based on pro-forma rent as a more realistic analysis. Approximate 17 GRM (Gross Rent Multiplier) based on pro-forma rents and asking price.
Multi-familyProperty Type
1977Year Built
0.34 acresLot Size
$238Price/Sq.Ft.
18 car garageParking
Listed by Jeffrey Butscher•DRE #01064545• Vista Sotheby's International Realty
Bought with John Balk•DRE #01419000• Vista Sotheby’s International Realty
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
16
Baths
26
Stories
—
Lot width
—
Lot depth
—
Lot size
6,428 Sq. Ft.
Year renovated
1977
Sq. Ft.
12,076
Year built
1977
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
4132018012
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 16, 2018.
R-3
Multi-Family Residential Zone
The purpose of this zone is to provide consistency with and implement policies related to those locations which are designated Multi-Family on the General Plan land use map and in the General Plan text. This zone is to provide for the development of multi-family complexes with amenities for children and adults and promote a safe and healthy environment for existing and future residents.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Park & open space
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 18
# of Parking Spaces: 18
Interior
Kitchen Information
Appliances: Dishwasher, Garbage Disposal
Has Appliances
Flooring Information
Carpet
Heating Information
Radiant
Has Heating
Unit Type 1 Information
Unit Key Numeric: 771978
Listing Key Numeric: 3335462
Area Units: Square Feet
Total # of Beds: 2
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 771979
Listing Key Numeric: 3335462
Area Units: Square Feet
Total # of Beds: 2
Total # of Units: 2
Unit Type 3 Information
Listing Key Numeric: 3335462
Unit Key Numeric: 771980
Actual Rent: $950
Area Units: Square Feet
Total # of Beds: 1
Total Rent: $950
Total # of Units: 3
Unit Type 4 Information
Listing Key Numeric: 3335462
Unit Key Numeric: 771981
Actual Rent: $900
Area Units: Square Feet
Total # of Beds: 1
Total Rent: $900
Total # of Units: 4
Unit Type 5 Information
Unit Key Numeric: 771982
Listing Key Numeric: 3335462
Actual Rent: $1,200
Area Units: Square Feet
Total # of Beds: 1
Total Rent: $1,200
Total # of Units: 5
Unit Type 6 Information
Listing Key Numeric: 3335462
Unit Key Numeric: 771983
Actual Rent: $1,200
Area Units: Square Feet
Total # of Beds: 1
Total Rent: $1,200
Total # of Units: 6
Unit Type 7 Information
Unit Key Numeric: 771984
Listing Key Numeric: 3335462
Actual Rent: $1,100
Area Units: Square Feet
Total # of Beds: 1
Total Rent: $1,100
Total # of Units: 7
Unit Type 8 Information
Unit Key Numeric: 771985
Listing Key Numeric: 3335462
Actual Rent: $1,200
Area Units: Square Feet
Total # of Beds: 1
Total Rent: $1,200
Total # of Units: 8
Unit Type 9 Information
Unit Key Numeric: 771986
Listing Key Numeric: 3335462
Actual Rent: $1,000
Area Units: Square Feet
Total # of Beds: 1
Total Rent: $1,000
Total # of Units: 9
Unit Type 10 Information
Unit Key Numeric: 771987
Listing Key Numeric: 3335462
Actual Rent: $1,000
Area Units: Square Feet
Total # of Beds: 1
Total Rent: $1,000
Total # of Units: 10
Expenses
Trash: $924
Cable TV: $3,468
Licenses: $90
Insurance: $4,100
Water Sewer: $4,800
Electric: $2,600
New Taxes: $41,238
Gardener: $1,440
Multi-Unit Information
# of Units With Refrigerator: 12
# of Units With Range: 12
# of Units With Disposal: 12
# of Units With Dishwasher: 12
# of Units With Carpet: 12
Net Operating Income: $74,944
Total Building Area: 12,076
Gross Spendable Income: $74,944
Gross Scheduled Income: $162,200
Gross Multiplier: 20.08
Gross Income: $11,950
Laundry Equipment Own or Lease: Lease
# Of Leased Units: 12
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 1
# Of Separate Electric Meters: 13
# Of Buildings: 1
Operating Expense Percent: $51
Vacancy Allowance Rate: 3
Vacancy Allowance: 4302
Exterior
Exterior Information
Roof: Concrete
Lot Information
Lot Size Source: Seller
Lot Size Dimensions: 100 x 149
Property Information
Total # of Units: 12
Parcel Number: 4132018012
Financial
Lease / Rental Details
Operating Expense: $64,154
Total Actual Rent: $11,750
Location
Location Information
Latitude: 33.92895800
Longitude: -118.41599900
Other Subdivision Name: 3690
Directions: From the beach, Grand to Main, South on Main to 903 Main.
Subdivision Name: OTHR
Zoning: Esr3y
Public facts
Beds: 16
Baths: 26.0
Sq. Ft.: 12,076
Stories: —
Lot Size: 6,428 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1977
Year Renovated: 1977
County: Los Angeles County
APN: 4132018012
Home facts updated by county records on Oct 16, 2018
Other
Listing Information
Days Active in MLS: 57
Continuous Days Active in MLS: 57
Listing Agent Information
List Agent First Name: Jeffrey
List Agent Last Name: Butscher
Listing Office Information
List Office Name: Shorewood Realtors
Selling Agent Information
Buyer Agent First Name: John
Buyer Agent Last Name: Balk
Selling Office Information
Buyer Office Name: South Bay Brokers, Inc
Around this home
Schools
Richmond Street Elementary School
Public K-5 • Assigned • 0.3mi
10/10
El Segundo Middle School
Public 6-8 • Assigned • 0.9mi
9/10
El Segundo High School
Public 9-12 • Assigned • 0.4mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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