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252 Branch Street

Los Angeles (City), CA 90042
  • $1,495,000
  • STATUS: Active
  • ON SITE: 2 Days
  • ID#: 22186335
New On Site 2 Days Ago
UPDATED: 33 min ago
$1,495,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1912
County:

School Ratings & Info

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


Description

Built in 1912, 252 Branch Street is a 2019 renovated duplex. Currently generating $7,198/mo income (4% cap rate). Compare this income to any other duplex in the area.... 6,402 LARD2 lot. Bottom unit is 3br/2.5ba Top unit is 3br/1ba Units went through significant capital improvements at end of 2019. Outside, is a front yard area, a two-car garage, and a large fenced backyard. Backyard large enough for construction of a third unit/ADU Ideal for anyone looking to live in a new house and have the front 2 units offset mortgage. Conceptual drawings(Renderings) for back house included (pix 47-50). Plans have *_NOT_* been submitted or approved by the city of Los Angeles. Buyer to verify development potential independently. Adjacent Duplex 248 Branch St APN# 5493001015 also available for sale under MLS # 22-186327 Interior pix are after 2019 remodel. Both units currently occupied Property shows on Zimas as a duplex. Original building permit shows Single Family. Located in Highland Park just North of the popular York Blvd with neighborhood favorites such as Dulce de Leche, Joy and The York +many more within walking distance

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. 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/131901768
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252 Branch Street Los Angeles (City), CA 90042

  • Price: $1,495,000
  • Status: Active
  • On Site: 2 Days
  • Updated: 33 min ago
  • ID#: 22186335
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1912
Built
Neighborhood:
632 - Highland Park
County:
Los Angeles
Area:
632 - Highland Park
Property Description
Built in 1912, 252 Branch Street is a 2019 renovated duplex. Currently generating $7,198/mo income (4% cap rate). Compare this income to any other duplex in the area.... 6,402 LARD2 lot. Bottom unit is 3br/2.5ba Top unit is 3br/1ba Units went through significant capital improvements at end of 2019. Outside, is a front yard area, a two-car garage, and a large fenced backyard. Backyard large enough for construction of a third unit/ADU Ideal for anyone looking to live in a new house and have the front 2 units offset mortgage. Conceptual drawings(Renderings) for back house included (pix 47-50). Plans have *_NOT_* been submitted or approved by the city of Los Angeles. Buyer to verify development potential independently. Adjacent Duplex 248 Branch St APN# 5493001015 also available for sale under MLS # 22-186327 Interior pix are after 2019 remodel. Both units currently occupied Property shows on Zimas as a duplex. Original building permit shows Single Family. Located in Highland Park just North of the popular York Blvd with neighborhood favorites such as Dulce de Leche, Joy and The York +many more within walking distance
Exterior Features

Direction Faces West Parking Features Door-MultiGarageUncovered Parking Total 4 View None View YN No

Property Features

Association Fee 0 Garage YN Yes Gross Income 86376 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 59393 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 86376 Zoning Lard2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. 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_369532544-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369532544-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369532544-1.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)