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248 Branch Street

Los Angeles (City), CA 90042
  • $1,595,000
  • STATUS: Active
  • ON SITE: 8 Days
  • ID#: 22186327
UPDATED: 21 min ago
$1,595,000
  • 7
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,766
    SQFT
  • $577
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1906
County:

School Ratings & Info

School District:
Listing Agent(s): Mischa Ben Nicolas of IET Real Estate (310-874-1278)


Description

Located in Highland Park on a 6,402 sq ft LARD2 lot, this 2-on-a-lot duplex setup is an incredible owner occupied or investment opportunity. Currently generating $8,398/mo income (4.5% cap rate). Compare this income to any other duplex in the area.... Rehabbed in late 2019, 248 Branch consists of one front unit with 3br/2ba, and a back unit with 4br/3ba. 248 1/2 back house has a private back patio with a planting area and front unit has a private front yard. Adjacent duplex 252 Branch APN# 5493001014 also available for sale under MLS Listing #22-186335 Non city approved conceptual only plans to add 3rd unit to 252 Branch available Front House CofO-1958, Back House CofO-1982 (appears to be non RSO -- buyer to verify) Interior pix are from 2019 remodel. Both units currently occupied Just North of the popular places on York Blvd such as Dulce de Leche, The York or Joy restaurant and a short 5-minute drive to the Arroyo Seco park and golf course.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T12:28:30.493. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/131901835
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248 Branch Street Los Angeles (City), CA 90042

  • Price: $1,595,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 21 min ago
  • ID#: 22186327
7
Beds
0
Baths
0
½ Baths
0.15
Acres
2,766
SQFT
$577
$/SQFT
1906
Built
Neighborhood:
632 - Highland Park
County:
Los Angeles
Area:
632 - Highland Park
School District:
Los Angeles Unified
Property Description
Located in Highland Park on a 6,402 sq ft LARD2 lot, this 2-on-a-lot duplex setup is an incredible owner occupied or investment opportunity. Currently generating $8,398/mo income (4.5% cap rate). Compare this income to any other duplex in the area.... Rehabbed in late 2019, 248 Branch consists of one front unit with 3br/2ba, and a back unit with 4br/3ba. 248 1/2 back house has a private back patio with a planting area and front unit has a private front yard. Adjacent duplex 252 Branch APN# 5493001014 also available for sale under MLS Listing #22-186335 Non city approved conceptual only plans to add 3rd unit to 252 Branch available Front House CofO-1958, Back House CofO-1982 (appears to be non RSO -- buyer to verify) Interior pix are from 2019 remodel. Both units currently occupied Just North of the popular places on York Blvd such as Dulce de Leche, The York or Joy restaurant and a short 5-minute drive to the Arroyo Seco park and golf course.
Exterior Features

Architectural Style Craftsman Direction Faces East Entry Level 1 Parking Features Uncovered Parking Total 5 View None View YN No

Interior Features

Common Walls No Common Walls Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Association YN No Buyer Financing Conventional Cap Rate 4.5 Disclosures Rent Control Gross Income 100680 Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashConventionalFhaFannie Mae Net Operating Income 72304 New Construction YN No Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Zoning Lard2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-14T12:28:30.493. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369532320-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369532320-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369532320-1.jpg
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Mischa Ben Nicolas of IET Real Estate (310-874-1278)